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Washington, DC Franchise Opportunities

Photo by David Everett Strickler on Unsplash

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.
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.

Idaho Franchise Opportunities

If you value having plentiful mountains, rivers and wilderness in your state’s backyard—and you’re a big fan of potatoes—consider opening a franchise in the great state of Idaho.

New York Franchise Opportunities

Although it may seem like New York is the land of major retailers, small business is booming in the Empire State—there are more than 2 million small businesses in New York. These are located in every region, city and neighborhood of the state, making New York a fantastic place to start your franchise.