Franchises for Sale in Springfield, Missouri
Springfield, Missouri Franchise Opportunities (and Businesses for Sale)
Order | Franchise Name | Industry Name | Available Capital | ||
---|---|---|---|---|---|
1 | Zoomin Groomin | Pet | $90,000 | ||
2 | PostalAnnex+ | Printing Packing & Shipping | $70,000 | ||
3 | The Wendy's Company | Food & Restaurant | $500,000 | ||
4 | FranServe - Become a Franchise Consultant! | Business Services Franchises | $50,000 | ||
5 | Ledgers | Business Services | $50,000 | ||
6 | Apricot Lane | Retail Franchises | $80,000 | ||
7 | Automated Investments | Business Opportunities | $100,000 | ||
8 | Batteries Plus | Retail Franchises | $100,000 | ||
9 | Minuteman Press International | Printing, Copying, Shipping, Signs Franchises | $50,000 | ||
10 | Dickey's Barbecue Pit | Food | $100,000 |
To gain comprehensive insights into Springfield, 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.
Springfield, Missouri Demographic Insights | ||
Households (2023) | 76,184 | |
Households (2028) | 76,457 | |
Population (2023) | 170,164 | |
Population (2028) | 172,391 | |
Per capita Income (2023) | $34,230 | |
Total Household Expenditures | $4,363,546,019 | |
Total Retail Expenditures | $2,051,814,914 | |
Average Household Income (2023) | $75,643 | |
Average Household Income (2028) | $81,574 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Springfield's food industry presents a significant opportunity for potential franchisees. With an estimated population of 173,271 in 2024, the city's total annual consumer expenditure is substantial at $4.64 billion, with food and beverages accounting for $686.31 million of this expenditure. Notably, the gap report reveals a strong potential for grocery stores. Grocery stores show potential sales of $288.77 million against actual sales of $113.13 million, indicating a 61% gap in Springfield, MO.
Read MoreWith 78,757 estimated households in Springfield, MO in 2024, there is a consistent demand for home improvement and repair services. Notably, 48.1% of housing units were built before 1980, highlighting the ongoing need for maintenance and upgrades. The city's average household income of $71,038 and the total annual expenditure on household operations amounting to $180.2 million indicate strong financial capacity among residents to invest in home services. Franchise opportunities in this sector, such as plumbing, electrical services, and home cleaning, are well-positioned for success.
Springfield's business services sector is another promising area for franchise investment. The city hosts nearly 10,000 businesses, employing over 117,000 individuals, indicating a substantial demand for professional services such as accounting, marketing, IT support, and business consulting. Entrepreneurs entering this sector can provide essential support to Springfield's business community, ensuring steady demand and robust opportunities for growth.
Explore the franchise listings below and take the first step towards a rewarding business venture.
At Franchise Gator, 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.
Most Popular Industries & Categories
As of December 23, 2024: