Top Franchises in Oklahoma (OK)
Franchise Opportunities in Oklahoma
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
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
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…
90k 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
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
Start your own web design business with SiteSwan. Create & sell websites to small businesses in your area with our easy-to-use, private label website builder. Set your own prices - keep 100% of the sales. Our turnkey…
149 Minimum Cash Required
Most Popular Industries & Categories
As of December 25, 2024:
Popular Cities in Oklahoma
Facts About Oklahoma
| Capital: | Oklahoma City |
| Year of Statehood: | 1889 |
| Largest Cities: | Oklahoma City, Norman |
| Motto: | Work Conquers All. |
| Nickname: | Sooner State |
Franchising Economic Indicators in Oklahoma
- In the 2023 CNBC America's Top States for Business ranking, Oklahoma was rated third in the nation for its cost of doing business. (source)
- Oklahoma City is considered the 12th-best city for startups among the largest U.S. metro areas. (source)
- The cost of living in Oklahoma City is 16% below the national average. (source)
- As of July 2023, Oklahoma boasted a notably low unemployment rate of 2.7%. (source)
Here are the best franchises for sale in Oklahoma. 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 Oklahoma.
| Population per Square Mile | 57.7 |
| Per Capita Income | $30,976 |
| Total Employer Establishments | 94,751 |
| Total Employment | 1.3 million |
| Total Retail Sales per Capita | $13,571 |
Oklahoma's economic and demographic profile presents a promising landscape for business opportunities. With a total employment of 1.3 million and total retail sales per capita of $13,571, there's a substantial workforce and consumer spending power in the state. This bodes well for franchises, particularly in the retail and service sectors.
As of July 2023, the state's unemployment rate stood at a low 2.7%, which was lower than the national average. This suggests a relatively healthy job market, which can be beneficial for franchises looking for a stable workforce. The state's real GDP growth rate in the first quarter of 2023 was 2.5% per year, indicating a growing economy. A growing economy typically correlates with increased consumer spending, which is advantageous for franchises, especially in retail and service sectors.
Agriculture, particularly in segments like rye, canola, and beef production, plays a significant role in Oklahoma's economy. The state's agriculture sector experienced a remarkable 77.2% real GDP growth rate in the first quarter of 2023, the highest in the state. This agricultural strength could present opportunities for franchises related to food processing, agricultural supplies, and related services. Additionally, the aerospace sector, with Oklahoma being known as the MRO (Maintenance, Repair, and Overhaul) capital of the world, is a significant industrial driver.
Oklahoma is poised to become a hub for the automotive industry, with competitive wages and tax credits for engineers, suggesting potential for franchises in automotive services and parts. The bioscience sector, supported by world-renowned research centers, is advancing in the fields of life science, biomedical technology, and research and development. Information and financial services are also growing, aided by the state's abundance of water and renewable energy and some of the lowest electricity rates in the U.S., attracting companies like Google and Dell.
Cities and Industries
Norman's demographic data illustrates a community with a high average household income at $90,452 and an impressive average household net worth of $404,858, indicative of significant disposable income. This economic stability is promising for franchises specializing in luxury items and upscale dining. With a total annual retail expenditure of $1.47B and transportation spending at $567.22M, automotive franchises offering repair, detailing, or even high-end vehicle sales could find a receptive market. The fact that a large percentage of the population drives to work alone (75.3%) suggests ongoing needs for vehicle maintenance and related services. The education expenditure at $96.43M and entertainment at $176.39M opens doors for franchises in personal development, such as tutoring centers, fitness clubs, or leisure and entertainment venues.
Oklahoma City's substantial total annual consumer expenditure of $4.67B creates a vast landscape for business opportunities. Significant investments in shelter ($999.34M) suggest a strong market for home improvement franchises, real estate services, and interior design studios, tapping into the homeowners' desire to enhance living spaces. The economic data points to a city with an average household income of $68,567, where both white-collar (52.8%) and blue-collar (47.2%) workers contribute to the economy. The health care expenditure ($396.67M) also suggests a thriving market for health and wellness-related franchises, such as urgent care clinics.
Website Analytics
Our website analytics from Oklahoma visitors suggest an interesting perspective on the franchise market in the state. The high bounce rate of 78.25% and the average of 1.5 pages per session imply that many potential franchisees are still in the early stages of their research. The average time on page of 47 seconds reinforces this notion. This data may indicate that there's still ample room in the Oklahoma market for new business opportunities. The current level of engagement suggests potential franchisees are exploring options, indicating a market that is not yet saturated and could be receptive to new franchising ventures.
Franchise Opportunities
Oklahoma offers a wide range of businesses for sale, supported by its thriving and varied economic environment. Delve into Oklahoma's potential markets to discover a business prospect that aligns with your entrepreneurial dreams.