Top Franchises in Kentucky (KY)
Franchise Opportunities in Kentucky
Ledgers offers tax, payroll, compliance, and business advisory services to owners of small businesses and individuals desiring a full-service provider through its franchised locations.
50k Minimum Cash Required
Serving the business community for over 50 years, Minuteman Press’ customer service driven business model provides digital print, design and promotional services to businesses. Today we are much more than just print, we can…
50k Minimum Cash Required
Apricot Lane Boutique is the #1 women’s fashion franchise. We train our franchisees to be THE fashion destination in their local market, bringing in new styles earlier and more often than any competitor, all at reasonable…
80k Minimum Cash Required
As a FranServe franchisee, earn money helping people buy a franchise. Work full or part time from a home office. Comprehensive training and support provided. Learn more about the costs, benefits, and available locations…
50k Minimum Cash Required
Automated Investments is the pillar of e-Commerce automation. Automated Investments build and operate profitable and hands off Amazon FBA (Fulfilled-By-Amazon) businesses for their clients and investors. While the clients and…
100k Minimum Cash Required
Over 30 years of consistent growth. Ongoing support. Multiple revenue streams. Whether you’re looking into owning your very first store, or you’re interested in adding to your existing franchise portfolio, Batteries Plus…
100k Minimum Cash Required
Most Popular Industries & Categories
As of December 28, 2024:
Popular Cities in Kentucky
Facts About Kentucky
| Capital: | Frankfort |
| Year of Statehood: | 1786 |
| Largest Cities: | Louisville, Lexington, Bowling Green |
| Motto: | United we stand, divided we fall. |
| Nickname: | The Bluegrass State |
Franchising Economic Indicators in Kentucky
- Kentucky experienced a 3.0% real GDP growth rate in the first quarter of 2023. (source)
- Manufacturing is a major economic driver in Kentucky, contributing $49.6 billion per year to the state's GDP. (source)
- Ranked 28th in the U.S., Kentucky's economy size reflects its scale and diversity of economic activities. (source)
- Kentucky's effective management of debt is indicated by its low debt service as a percentage of tax revenue, showcasing sound fiscal health. (source)
Here are the best franchises for sale in Kentucky. Below is a list of essential demographic data, economic indicators, and insights into key industries that will help you plan out your next franchise venture in Kentucky.
| Population per Square Mile | 114.1 |
| Per Capita Income | $33,515 |
| Total Employer Establishments | 92,130 |
| Total Employment | 1.6 million |
| Total Retail Sales per Capita | $14,430 |
Kentucky's demographic and economic profile is characterized by a population density of 114.1 people per square mile and a per capita income of $33,515. Additionally, Kentucky’s total retail sales per capita amount to $14,430, illustrating the state's consumer spending potential. Kentucky's economy demonstrated a growth rate of 3.0% in the first quarter of 2023, indicating a steady economic expansion.
The manufacturing sector is a cornerstone of Kentucky's economy, with over 5,000 facilities and significant contributions from global brands such as Ford and Toyota, accounting for about 13% of the workforce. Other key industries include automotive, bourbon, agriculture, chemicals, aerospace, defense, and battery technology. Kentucky's strategic location, within a day's drive from two-thirds of the U.S. population and major cargo airports, enhances its appeal for manufacturing and logistics.
Kentucky is experiencing a period of significant economic growth, with the past two years being the most successful in terms of investment and job creation. The construction sector, driven by automotive, metals, and healthcare, is experiencing unprecedented growth and is expected to set new records in 2023. The tourism and hospitality sectors are also showing signs of robust recovery, buoyed by the expanding bourbon industry and improved convention facilities in cities like Lexington and Louisville.
Cities and Industries
Lexington, Kentucky, presents a dynamic landscape for businesses specializing in home services and retail. With a median home value of $249,383 and a housing market comprising predominantly detached homes (54%), the demand for services such as home improvement, renovation, landscaping, and maintenance remains robust. Moreover, Lexington's significant annual shelter expenditure of $1.49 billion underscores the need for high-quality home services to enhance and maintain residences in this city.
Leveraging the city's estimated average household income of $91,545 in 2023, businesses can target a clientele with the financial capacity to invest in goods and services. The city's annual retail expenditure of $3.28 billion showcases a thriving consumer market for various retail businesses.
Dining and entertainment stand out as two flourishing sectors in Louisville. The data reveals that the total annual consumer expenditure on food and beverages in 2023 is $968.03 million, and the expenditure on entertainment is $366.63 million in the city. With these substantial expenditures, there is an opportunity for restaurants, bars, and entertainment venues to cater to the residents' dining and leisure preferences.
The projected increase in average household income, with an estimated income of $77,472 in 2023 and a projected increase to $83,783 by 2028, further indicates that people may be willing to spend more on dining out and entertainment experiences. Entrepreneurs in this industry can leverage these trends by offering unique dining experiences, live entertainment, or cultural events that cater to the local population's preferences and interests.
Website Analytics
With a bounce rate of 78.69% and an average session duration of just 49 seconds on our website among visitors from Kentucky, there's a unique opportunity for potential franchisees to seize the untapped potential in this market. While the current engagement may appear brief, it signals an open door for those who act swiftly. By taking action now, entrepreneurs can position themselves ahead of their competition. Don't miss the chance to be a pioneer in Kentucky's thriving franchise industry.
Franchise Opportunities
Explore a diverse range of businesses for sale in Kentucky through the listings below.