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Vermont Franchise Opportunities

Photo by Emma Frances Logan on Unsplash

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!

Picking a City

Vermont is the second least populated state in the country, but does have one of the highest rates of education. The cities and towns are all on the small side, but that means a tight-knit community. Check out these potential places to live:

  • Burlington: The largest city in the state with 42,000 residents, Burlington has an economy based on retail, tourism and education.
  • Montpelier: The least populated state capital with less than 8,000 residents, this city is home to the Vermont College of Fine Arts and the New England Culinary Institute.
  • Brattleboro: A town of 12,000, Brattleboro is known for its vibrant art community and hosts many annual events, including a winter carnival and ski-jumping competition.

Major Industries

Vermont has a GDP of $30 billion, the lowest in the country. The biggest drivers of the economy include real estate, manufacturing, health services, retail, finance and the government. Dairy farming is the largest source of agricultural income, though it also produces more than 40 percent of the nation’s maple syrup.

Let’s Talk Taxes

Vermont has a corporate income tax that varies between 6 to 8.5 percent, as well as a business entity tax that is a flat annual rate of $250. The state personal income tax ranges from 3.55 to 6.8 percent.

Business by the Numbers

  • There are 77,800 small businesses in Vermont, which make up 96.3 percent of the state’s employers.
  • Of those, 2,134 are franchises, which employ 22,100 people.
Montana Franchise Opportunities

If you long for the great outdoors and want to live in a lot of space without a lot of people, consider moving to Montana, where some of the most beautiful natural spaces are national parks, and there won’t be much to block your view of the mountains.

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.

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!