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Hawaii Franchise Opportunities

Photo by James Gillespie on Unsplash

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!

So Many Islands, So Little Time

Hawaii is an archipelago made up of eight islands. The different islands offer unique chances to live in the middle of the Pacific Ocean. Consider living on:

  • Hawaii (the Big Island): The largest of the islands, it’s built from five separate volcanoes, three of which are currently active.
  • Maui: A huge tourist draw, Maui is renowned for its surfing, snorkeling and black sand beaches.
  • Oahu: The third largest island, but home to about two-thirds of Hawaii’s population, as well as the capital city, Honolulu.

Trouble in Paradise

If you choose to move to Hawaii, keep in mind that the cost of living might be a lot more expensive than what you’re used to. Because many items have to be brought over from the mainland, expect to be paying three to four times as much for commodities such as milk, meat and bulk food items.

Tropical Taxes

Life might seem like a permanent vacation if you start a franchise in Hawaii, but you’ll still have to pay taxes. While there is no franchise tax, there is a corporate income tax that ranges from 4.4 to 6.4 percent. In addition, the state income taxes are on the steep side—the tax brackets go from 1.4 to 11 percent.

Wisconsin Franchise Opportunities

Known as “American’s Dairyland” and especially renowned for its cheese—and cheeseheads (fans of the Green Bay Packers)—Wisconsin sits between the Great Lakes and the Mississippi River and has a wide variety of geographical features. If you want to live among the best cheeses and craziest football fans in the nation, consider opening your franchise in Wisconsin!

Connecticut Franchise Opportunities

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!

Washington, DC Franchise Opportunities

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!