Washington, DC Franchise Opportunities
The nation’s capital and home to a proliferation of government activity, DC is a great place to take advantage of a fairly affluent population, great (and free!) museums, and a dazzling art scene. If you’re thinking about opening a franchise, Washington, DC might be the perfect place for you!
Life in the District
DC itself is home to about 660,000 residents, but there are nearly 6 million in the greater metropolitan area. The city has a large African American population, and also has a significant LGBT community.
The District boasts four professional sports teams, countless museums, major national monuments, many music venues and lots of local theater.
The Metro makes it easy to get around town, and there is also a bus system, a bike share program, trains in and out of the city, and three major airports.
Major Industries
The biggest industry by far in Washington, DC is the government. Nearly 30 percent of the population works for the federal government, and many other industries—such as lobbying, non-profits and trade unions—are also dependent on it.
Tourism is the second largest driver of the DC economy, with visitors contributing about $4.8 billion per year.
Let’s Talk Taxes
Washington, DC charges a franchise tax of 9.975 percent, which is one of the highest in the country. There is also a high personal income tax, which runs between 4 and 8.95 percent.
Business Statistics
- There are 55,000 small businesses in Washington, DC.
- Of those, 1,820 are franchises, employing 26,000 people.
- Washington, DC has a GDP of $103.3 billion.
Alabama Franchise Opportunities
While you might think of peanuts and cotton, the state of Alabama boasts a wide array of businesses and nearly five million residents. Major industries include agriculture, aerospace, mining and automobile manufacturing. The economy is comprised mainly of small businesses, and would be an excellent place to open your new franchise!
Oregon Franchise Opportunities
A green state in every sense of the word, more than 80 percent of Oregon is forests. This state will delight you with its mountains, rivers, lakes and trees, but is also a perfect place to open up a new business, due to its lack of sales tax, high tech boom and well-educated workforce.
Missouri Franchise Opportunities
With three great rivers running through it, a diversity of geography, and an actively growing economy, Missouri is a prime place for new franchise growth.
