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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.
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.

Wyoming Franchise Opportunities

Although Wyoming has the smallest population and almost the lowest population density, the federal government owns nearly half the land in the state because it’s filled with such magical displays of nature. Yellowstone, Grand Teton National Park, Devils Tower and many more could all be in your backyard if you decide to start your next franchise in Wyoming!

Nevada Franchise Opportunities

Does the lure of bright lights, gambling, gold and sin draw you in? Nevada is home to some of the most libertarian laws, allowing for the legalization of things like prostitution, as well as lenient marriage and divorce laws. If you want to live life on the wild side, Nevada might be a good place to open your franchise!