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Nevada Franchise Opportunities

Photo by Marius Christensen on Unsplash

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!

Sin City

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.
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!

Tennessee Franchise Opportunities

Birthplace to the blues and home to more than 6.5 million people, Tennessee attracts tourists from around the world, has a low cost of living and a booming economy. Consider making Tennessee your next home for a franchise!

Vermont Franchise Opportunities

Known for its maple syrup and outdoor activities, Vermont is a paradise for tourists, as well as its 626,000 residents. If you want a snowy winter home and well-educated neighbors, consider starting your franchise in the Green Mountain State!