Top Franchises in Wyoming (WY)
Franchise Opportunities in Wyoming
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
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
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
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
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
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
Most Popular Industries & Categories
As of November 25, 2024:
Popular Cities in Wyoming
Facts About Wyoming
| Capital: | Cheyenne |
| Year of Statehood: | 1867 |
| Largest Cities: | Cheyenne, Laramie |
| Motto: | Equal Rights. |
| Nickname: | The Equality State |
Franchising Economic Indicators in Wyoming
- In October 2023, Wyoming's unemployment rate was recorded at 2.9%. (source)
- Wyoming is highly regarded for its higher education, ranking 5th on the U.S. News & World Report's "Best States for Higher Education" list. (source)
- For the first quarter of 2023, Wyoming's real GDP growth rate was 2.5% per year. (source)
- According to a survey by the website WalletHub, Wyoming ranks 22nd among U.S. states in terms of its economic health. (source)
Here are the best franchises for sale in Wyoming. 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 Wyoming.
| Population per Square Mile | 5.9 |
| Per Capita Income | $39,547 |
| Total Employer Establishments | 22,474 |
| Total Employment | 198,810 |
| Total Retail Sales per Capita | $15,732 |
Wyoming, known for its wide-open spaces, has a population density of only 5.9 people per square mile. However, the per capita income stands at $39,547. Retail spending is significant, with total retail sales per capita standing at $15,732. The state's labor market remains strong, as evidenced by an unemployment rate of just 2.9% as of October 2023, which is lower than the national average.
Wyoming's key industries play a significant role in shaping its economic landscape. The sectors of agriculture, forestry, fishing, and hunting have shown remarkable growth, with the highest GDP growth rate in the state at 152.6% annually. The mining, quarrying, and oil and gas extraction industry also contributes significantly, adding $8.8 billion to the state's GDP. The Wyoming Business Council is actively working to add value to these core industries while leveraging their strengths to activate new sectors like professional services, technology, and advanced manufacturing.
Overall, Wyoming's combination of a steady economy and growth in key industries creates a conducive environment for business opportunities. The state's unique demographic and economic characteristics are essential factors to consider for anyone looking to establish or expand franchise operations in Wyoming.
Cities and Industries
Based on the demographic data for Cheyenne, WY, there is a promising business opportunity in the food and beverages industry. With an average annual household income of $109,976, Cheyenne residents have the means and the potential customer base to support new dining establishments. Additionally, the total annual consumer expenditure of $387.08 million on food and beverages indicates a strong appetite for dining out and enjoying culinary experiences. Franchisees in the food and beverages sector can tap into this market, offering a variety of dining options, from casual to fine dining, to cater to the tastes of Cheyenne's population.
In Gillette, the housing landscape is primarily composed of detached single-family homes, accounting for approximately 56.4% of the total housing units. Additionally, considering the median age of homes in the area is 35.8 years, there may be a growing need for home services as older homes often require updates and improvements. When it comes to consumer expenditure, residents of Gillette allocate a significant portion of their annual spending towards shelter-related expenses, with a total annual expenditure of $218.79 million in this category.
Website Analytics
With an 82.31% bounce rate, an average of 1.37 pages per session, and an average session duration of 35 seconds among our website's Wyoming visitors, it's evident that potential franchisees in Wyoming may not be actively progressing in their franchise journey. However, this situation presents a business opportunity for new potential franchises. By acting today, you can tap into this untapped market and achieve success in Wyoming's franchise landscape, where the competition is potentially minimal.
Franchise Opportunities
Discover a multitude of business opportunities available in the picturesque state of Wyoming below.