Please Confirm
Are you sure you wish to REMOVE from your request basket?
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 Wichita, Kansas | ||
| Data | Wichita, KS | Nationwide |
|---|---|---|
| Population | 402.17 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -2.3234% | 0.5% |
| Median Household Income | $93,053 | $74,580 |
| Median Age | 35.46 | 38.9 |
| Residents per Business | 1 to 31 | 10 to 1 |
| Annual Household Expenditures | $10.71 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The data for Wichita, KS, suggests a number of promising industries for new franchisees to consider. The first notable industry is Health and Fitness. With an estimated average household income of $93,053 in 2023, projected to rise to $99,389 by 2028, and a significant annual consumer expenditure on health care at $902.34 million, there is a clear indication of both the capacity and willingness to spend on health-related services. This financial backdrop, combined with the national trend towards health consciousness, positions a health and fitness franchise to cater to a market with disposable income for wellness and personal health.
Read More
Home services is another industry to highlight. With a median home value of $169,032 and 91.3% of housing units occupied in Wichita, there's an evident market for home maintenance and improvement services. The presence of a high percentage of owner-occupied housing units (60.9%) implies that homeowners may be looking to invest in maintaining and enhancing their property value. Franchises offering services like landscaping, cleaning, and renovation could find a ready market in Wichita.
Lastly, the education industry should not be overlooked. The data shows an annual expenditure of $323.86 million on education in Wichita. This expenditure could point to enticing opportunities for educational service franchises offering vocational training, continuing education, and child or adult learning programs.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Wichita, Kansas Franchise Opportunities (and Businesses for Sale)
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.