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!
Three quarters of the population of Nevada live in the Las Vegas metropolitan area, and it’s no surprise why—Las Vegas is an international destination, and draws in billions of dollars a year. Tourism is a driving force of the city, with its legalized gambling, numerous casinos and glitzy shows. If you want to open a franchise in Las Vegas, consider any kind of food (link) franchise; who can deny a burger (link) or coffee (link) after a long night out?
Reno is the other major city in Nevada, and is also famous for its casinos and proximity to Lake Tahoe.
If the big cities don’t do it for you, consider checking out smaller ones such as Elko, Yerington or Tonopah.
Business in Nevada
Nevada is a fabulous place to start a small business because of the lack of taxes. Nevada is one of four states that don’t impose a corporate income tax, and it also doesn’t charge a state personal income tax.
However, if you run a business with employees, you will be subject to a 1.17 percent modified business tax, but in the scheme of things, you’ll be saving tons of money by not having to pay other taxes.
Big Money, Big Money
- Tourism is the largest driver of the economy in Nevada, but mining and cattle ranching are also major players.
- Nevada has a GDP of $136.9 billion dollars.
- There are approximately 213,000 small businesses in Nevada, which make up 95.6 percent of all employers in the state.
Washington Franchise Opportunities
A mountainous and breathtaking state in the Pacific Northwest, Washington is green, clean and almost tax-free. It is a major agricultural state, but also has a number of other industries. If you want a low-tax place to enjoy the beauty of nature, try your hand at franchising in Washington!
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!
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.