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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: Portland, OR 2024 | ||
| Data | Portland, OR | Nationwide |
|---|---|---|
| Population | 642.81 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 2.5913% | 0.5% |
| Median Household Income | $132,277 | $74,580 |
| Median Age | 38.09 | 38.9 |
| Residents per Business | 1 to 14 | 10 to 1 |
| Annual Household Expenditures | $31.6 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)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 2 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 3 |  | SiteSwan Website Builder | Business Opportunities | $199 | |
| 4 |  | BrightStar Care | Senior Care Franchises | $100,000 | |
| 5 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 6 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 7 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 8 |  | Automated Investments | Business Opportunities | $100,000 | |
| 9 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 10 |  | Fleet Services International | Auto Franchises | $100,000 |
Is Portland Be the Right Place to Launch Your Franchise?
- What's the business landscape like in Portland?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Portland?
- How financially stable is the community?
- What makes Portland a great fit for franchise owners?
Question:What's the business landscape like in Portland?
Answer:Portland is home to 287,242 businesses, meaning franchise owners can enter a market with less direct competition and a more localized customer base.
Question:Is there a reliable workforce for my franchise?
Answer:Yes! The city has 400,435 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Portland?
Answer:Absolutely. With a median rent of $1,371, franchise owners in Portland can benefit from lower real estate costs, making it easier to secure commercial space.
Question:How financially stable is the community?
Answer:The average household income in Portland is $132,277, supporting a stable and engaged customer base.
Question:What makes Portland a great fit for franchise owners?
Answer:With 302,510 housing units and a strong sense of community, Portland provides a stable market where franchises can establish long-term success.
At Franchise Ventures, we prioritize transparency and objectivity to empower your franchise decisions. Unlike brokers or franchisors, our motivations are unclouded by financial incentives tied to your choices. We don't earn based on the franchise you opt for, instead, our mission is to present you with impartial insights. Navigate through a realm of franchising opportunities with information you can trust.