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Connecticut Franchise Opportunities

Photo by Derek Story on Unsplash

This small, New England state has come a long way from its Dutch roots. Considered part of the Tri-State area with New York and New Jersey, Connecticut is a home to the financial services industry, including insurance companies and hedge funds. It’s no surprise the state has the highest per capita income and median household income in the U.S. If you’re looking to make some real profit, look no further than Connecticut!

Where to Settle

If you plan on founding a franchise in Connecticut, consider living in Bridgeport, the most populous city with 144,000 residents; New Haven, the home of Yale University; Hartford, the capital of the state; or Stamford, which is considered part of the Greater New York metropolitan area.

Let’s Talk Taxes

If you want to start a franchise, Connecticut’s taxes would make it easier for you—the state doesn’t have any franchise or business privilege tax.

However, Connecticut does tax the net income of corporations at a flat rate of 7.5 percent, with a minimum tax of $250. Unless it’s a traditional corporation though, you don’t have to worry about that.

There is a personal income tax on a graduated scale of 3, 5 and 6.5 percent based on income that you will have to pay if the revenue from your franchise passes through you personally.

Business in The Nutmeg State

  • There are 332,000 small businesses in Connecticut, which make up 97.2 percent of all employers in the state.
  • Of those, 93,480 are women-owned, and 39,800 are minority-owned.
North Carolina Franchise Opportunities

North Carolina is state that’s really making moves. It has a burgeoning engineering and biotechnology scene, and is also home to two of the fastest growing counties in the country. More than just tobacco, North Carolina is a great place to establish a new business and call home.

Mississippi Franchise Opportunities

The land of catfish, blues music and cotton, Mississippi is rich in cultural heritage. There is plenty of opportunity to come in and make positive change in this state, and it could benefit from the right kinds of franchises.

Hawaii Franchise Opportunities

If you’ve ever dreamed of living on a tropical island, surrounded by beaches, surfing, lush vegetation, Hawaii might be an ideal place for you to open a franchise. Imagine running your own business and staring out into the Pacific Ocean with a drink in hand!