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!
Alabama by the Numbers
- Small businesses represent 97 percent of all employers in the state.
- There are 393,768 small businesses in Alabama, and they are crucial to the state’s economy.
- Most of Alabama’s small businesses are very small. Nearly 81 percent of all businesses have no employees, and most employers have fewer than 20 employees.
Let’s Talk Taxes
Alabama has a franchise tax, also known as a business privilege tax, which is based on the net worth of your business. If your business is subject to the tax, it is a $100 minimum, and goes up with the amount of taxable income your business generates.
Alabama also charges a corporate income tax that is a flat rate of 6.5 percent of taxable net income, which is capped at a maximum of $15,000.
Where to Settle in the Heart of Dixie
There are four major metropolitan areas in the state of Alabama that might be a good choice for you to open a franchise in:
- Birmingham: By far the largest metropolitan area, it boasts more than 1,130,000 residents.
- Huntsville: The largest city by land total, Huntsville also has an impressive population of more than 430,000 people.
- Mobile: The oldest city in Alabama, it was founded by French colonists.
- Montgomery: The state capital, this city has more than 377,000 residents.
Minnesota Franchise Opportunities
The Land of 10,000 Lakes really is an accurate description of Minnesota—there are more than 11,000 lakes scattered across this beautiful state, whose name comes from the Dakota word meaning “clear blue water.” Minnesota has a high level of civic engagement, a high standard of living and is one of the best-educated states in the nation, making it a fabulous place to start your franchise and call home.
Illinois Franchise Opportunities
Illinois is a noted bellwether of the United States—it’s been a predictor of trends, and is home to a diverse economy and peoples.
New Hampshire Franchise Opportunities
Are you a pioneering person who wants to pay less (or no!) taxes, and abide by the state motto of “Live free or die”? Do you want to hike in the summer and ski in the winter? If you value freedom and the great outdoors, New Hampshire could be a fantastic location for your next franchise.
