Franchise Opportunities in Oklahoma - Top Businesses in One Place

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Discover lucrative franchise opportunities in Oklahoma

Whether it’s Oklahoma City, Tulsa, Norman, Broken Arrow, or Edmond, the state of Oklahoma offers aspiring business owners the chance to pursue the path to business ownership through franchising. If you are an aspiring entrepreneur who is looking at franchises for sale in Oklahoma, this quick guide will help you discover why Oklahoma is the perfect state to pursue a franchise ownership opportunity. Starting a business doesn’t have to be a daunting experience. And you don’t need to start from scratch. It’s all about tapping into a supportive and experienced network that is vested in your business’ success. Let’s take a closer look at why franchise business opportunities in Oklahoma are the right route for you:

  • In 2023, Oklahoma was ranked third in the US for its cost of doing business, according to the CNBC America’s Top States for Business ranking.
  • Among the largest US metropolitan areas, Oklahoma City is considered the 12th-best city for startups.
  • The cost of living in Oklahoma City is considerably low, at approximately 16% below the national average.
  • The state has a low unemployment rate of 2.7%, as of figures as recent as July 2023.
  • Oklahoma’s real gross domestic product (GDP) growth rate in the first quarter of 2023 was 2.5% per year. 
  • Total retail sales per capita in Oklahoma average at $13,571.

Apart from the reasons above, Oklahoma is definitely a state to consider franchising. With a population of 3.9 million, an estimated 1.5 million households, and a median household income of $56,956, the state has a sizable consumer base for franchises to tap into. The thriving business environment there is also worth considering as 362,364 small businesses already operate there, representing a robust entrepreneurial spirit. 

Oklahoma has a strong economic base built on a variety of industries. A breakdown of its key sectors appears below:

Energy: This is Oklahoma’s historical and ongoing claim to fame. The state holds vast reserves of oil and natural gas, making it a leader in the energy sector. Many major energy companies are headquartered or have operations here.

Agriculture: Oklahoma has a rich agricultural tradition. It ranks first in rye production, second in canola, and fifth in beef production. You’ll also find a diverse range of agricultural products such as wheat, cotton, and peanuts thriving in the state.

Manufacturing: Leveraging its natural resources and central location, Oklahoma boasts a significant manufacturing sector. Industries such as food processing, aerospace, automotive parts, and pipe and plastics production contribute substantially to the economy.

Emerging industries: Oklahoma is fostering the growth of new industries such as bioscience and data centers. The availability of renewable energy, low electricity rates, and a skilled workforce are attracting companies in these sectors.

When it comes to choosing the right city in Oklahoma to start a business in franchising, Oklahoma City stands tall. It accounts for 41% of the state’s total GDP and is seeing an uptick in job gains across various industries. For those among you who are interested in starting a franchise business in this city, it’s worth mentioning that B2B services are thriving. And with a total employee population of 178,328, the quality and size of the workforce bears strong evidence that the city is thriving. Examples of franchises that could experience success in this city include those in home improvement, real estate services, interior design, health and wellness, etc.

Tulsa follows on closely from Oklahoma City by bringing in vast amounts of new capital investments, which has created over 4,000 jobs. The average salary in this city is around $95,347. Tulsa’s is also characterized by substantial total household expenditure on food and beverages, meaning strong demand for culinary experiences. This means that restaurant franchises can call the city home due to the high levels of consumer spending.

Norman’s demographic data illustrates a community with a high average household income at $90,452 and an average household net worth of $404,858. This economic stability is promising for franchises specializing in luxury items and upscale dining. Other franchise opportunities that could be worth your while in Norman include those in the automotive sector (maintenance and related services, detailing, high-end vehicle sales, etc.), education, entertainment, personal development, leisure, fitness clubs, and more.

Overall, Oklahoma has a workforce of 1.3 million, which represents a strong workforce and consumer spending power, indicating that franchises in the retail and service sectors can thrive here.

And there you have it: a quick snapshot of some of the best reasons to choose franchise opportunities in Oklahoma. But that’s not all. Franchises in Oklahoma are ideal for aspiring entrepreneurs because they offer a proven business model and a recognized brand, meaning that a lot of the legwork is already done for you in establishing your business. What is more, Oklahoma franchises offer you all the tools and resources you need to get up and running in no time with extensive training and a vast support network that is vested in your success.

Whether you are looking for affordable franchises or available franchises for sale in Oklahoma, Franchise Fame’s franchise portal offers you all the resources you need in one place to make the best business decision for yourself: investing in a franchise. And if you need any assistance with selecting the right franchise opportunity for you, simply reach out to us! Our friendly and experienced team is at your disposal, ready to help you in every way we can. With extensive experience in global franchising, we’re a trusted partner for aspiring franchisees who need a helping hand in navigating the world of franchising with confidence.

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