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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.

Alabama Franchise Opportunities

While you might think of peanuts and cotton, the state of Alabama boasts a wide array of businesses and nearly five million residents. Major industries include agriculture, aerospace, mining and automobile manufacturing. The economy is comprised mainly of small businesses, and would be an excellent place to open your new franchise!

Massachusetts Franchise Opportunities

One of the most historical places in America, Massachusetts has seen the first colony of Plymouth, the Salem witch trials, the Boston Tea Party and is home to Harvard University—the oldest institution of higher learning in the United States. This little state has a lot of people, and is a solid option for where to start your next franchise.

Oregon Franchise Opportunities

A green state in every sense of the word, more than 80 percent of Oregon is forests. This state will delight you with its mountains, rivers, lakes and trees, but is also a perfect place to open up a new business, due to its lack of sales tax, high tech boom and well-educated workforce.