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The table below offers a collection of data aimed at giving potential franchisees a glimpse into their market landscape. Click Read More to delve deeper, uncovering additional information to assist you in making a well-informed decision. These insights are tailored to highlight the opportunities in your city as you consider a franchise purchase.
| Key Data Points for Portland, Oregon | ||
| Data | Portland, OR | Nationwide |
|---|---|---|
| Population | 641.72 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 4.9427% | 0.5% |
| Median Household Income | $135,249 | $74,580 |
| Median Age | 38.11 | 38.9 |
| Residents per Business | 1 to 14 | 10 to 1 |
| Annual Household Expenditures | $25 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Portland’s economic strength is evident in the surge of average household income within a 5 mile radius of the city's center, reaching $145,996 in 2023, up significantly from $71,108 in 2010. This financial growth positions Portland as a prime location for retail and beauty franchises, catering to a consumer base with increased purchasing power. These sectors present lucrative business for sale opportunities, tapping into the city’s elevated economic status.
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Portland’s residents demonstrate diverse spending habits, with annual household expenditures totaling $19.39 billion in 2023. A substantial portion of this, $2.8 billion, is directed towards food and beverages, while $1.56 billion is spent on health care, and $1.13 billion on entertainment. These figures highlight the strong potential for food franchises, health and fitness franchises, and entertainment franchises, each aligning with specific areas of consumer spending.
With 37,779 businesses in Portland, the city’s evolving market dynamics are ideal for a range of franchise businesses. This high number of businesses, combined with 39.8% of the population working from home, underscores the potential for home services and repair franchises, home-based franchises, and business services franchises. The city’s diverse economic landscape offers promising opportunities for entrepreneurs seeking business for sale in these sectors.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Portland, Oregon Franchise Opportunities (and Businesses for Sale)
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