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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.
Iowa Franchise Opportunities

Iowa sits smack dab in the middle of the American Heartland—flanked by the Mississippi River on the east and the Missouri River on the west, it is also the heart of the Corn Belt. Iowa’s agricultural economy has been diversifying, and now hosts industries such as manufacturing, biotechnology and green energy production.

Virginia Franchise Opportunities

Chock full of history, good seafood and federal agencies, Virginia has a booming tech industry, a relatively high standard of living, and would be a fantastic place to start a new franchise!

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.