Kansas City, Missouri Franchise Market Analysis
To gain comprehensive insights into Kansas City, Missouri, consider these figures in the table below, which include demographic segments, household dynamics, and financial averages, all pivotal in assessing the viability and promise of your franchise endeavor.
Kansas City, Missouri Demographic Insights | ||
Households (2023) | 222,453 | |
Households (2028) | 222,632 | |
Population (2023) | 516,004 | |
Population (2028) | 520,296 | |
Per capita Income (2023) | $42,880 | |
Total Household Expenditures | $15,454,975,564 | |
Total Retail Expenditures | $7,265,684,252 | |
Average Household Income (2023) | $99,118 | |
Average Household Income (2028) | $107,284 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Kansas City's robust housing market includes 222,453 households, 58.1% of which are owner-occupied, with the median age of homes exceeding 50 years. This data, coupled with a gap in the Building Material, Garden Equipment, and Supplies Dealers sector—where potential sales of $393.38 million surpass actual sales by $62.4 million—signals a high demand for maintenance and renovation services. Franchise opportunities such as landscaping, home renovations, or handyman services could be very lucrative in the area, especially since the annual expenditure on household operations is a substantial $610.7 million.
Read MoreWith 70.6% of Kansas City's large workforce driving alone and approximately 368,870 vehicles in use (averaging 1.7 vehicles per household), the automotive industry is primed for growth. Notably, the Auto Parts and Accessories sector shows potential sales of $88.31 million against actual sales of $68.41 million, highlighting a demand for vehicle maintenance and related services. Franchises specializing in auto repair, maintenance, and car washes could tap into this need for vehicle upkeep in Kansas City.
Kansas City's annual consumer spending in the food and beverage sector totals a hefty $2.27 billion. With the gap report showing potential sales in Food and Beverage Stores at $1.05 billion versus actual sales of $954.4 million, there is a clear opportunity for food franchises. The 18.5% of the population working from home may be driving demand for diverse dining options, including takeout and delivery services, offering a fertile ground for franchises that provide unique culinary experiences and convenience.
With a formidable $7.27 billion spent on retail annually, Kansas City's market has considerable consumer strength. Specifically, Clothing and Clothing Accessories Stores show a potential of $334.35 million against actual sales of $248.19 million, indicating room for growth in this sector. Coupled with a median household income of $70,256, specialty retail franchises that meet the unique needs and tastes of the local demographic are likely to succeed.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Kansas City, Missouri Franchise Opportunities (and Businesses for Sale)
Sniffing around for a great new opportunity? Zoomin Groomin is expanding our Mobile Pet Grooming business nationwide. Set your own schedule, be your own boss and work with pets all day. We’ll be right by your side, every…
100k Minimum Cash Required
VOTED TOP PART TIME - WORK AT HOME BUSINESS! Are You Looking to Make an Additional $100,000 in the Next 12 Months - No Employees to Hire - No Equipment to Rent/Buy - No Office/Warehouse to Rent/Lease - Start Making money in…
30k Minimum Cash Required
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
My Business Venture gives you the ability to start an online business from your home. We provide you access up to 1 million products & you chose up to 2,000 you want to feature on your website! MBV’s 10% Price Guarantee on…
3,995 Minimum Cash Required
Today's busy lifestyles demand the services PostalAnnex+ offers. Capitalize on this demand and open your own business!! After retiring from the printing business PostalAnnex+ founder Jack Lentz began working out of his…
70k Minimum Cash Required
Wings Etc. is a sports-themed, family-friendly restaurant and pub with over 30 years of industry-leading experience. With a diverse menu featuring Award-Winning Jumbo Wings, Premium Burgers, Wraps, Salads, Cold Beers, and…
350k Minimum Cash Required
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As of May 18, 2024: