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West Virginia Franchise Opportunities

Photo by David Martin Jr. on Unsplash

Located in the heart of Appalachia, West Virginia is renowned for its rolling hills and beautiful foliage. A center for coal mining and logging, it also has a bevy of recreational activities and some of the most extensive cave systems in the country. If you want to start a franchise in a place with beautiful scenery and an interesting political background, check out the Mountain State of West Virginia!

Picking a City

West Virginia consists of mostly small towns, with only the capital of Charleston coming in at slightly more than 50,000 residents. No matter where you live, you’ll be close to nature, water and trees. Check out these picks:

  • Charleston: The capital and largest city in the state, Charleston is home to many colleges, parks, a state forest and a thriving arts scene.
  • Morgantown: Located in the northern part of the state, Morgantown has West Virginia University, and a government-funded personal rapid transit system.

Economic Drivers

West Virginia is the top coal producer in the country, and also produces large amounts of natural gas and oil. The mining industry has always been a part of the state’s history, and continues to be a major part of the economy.

Tourism is also big in the state, with major draws being Harpers Ferry National Historic Park, the cave systems, and many other state parks.

Let’s Talk Taxes

West Virginia has a corporate income tax set at a flat rate of 7.75 percent, as well as a franchise tax that varies based on net worth. In addition, the state personal income tax ranges from 3 to 6.5 percent.

Business by the Numbers

  • There are 118,500 small businesses in West Virginia, which account for 96 percent of all employers in the state.
  • Of those, 5,830 are franchises, which employ 62,200 people.
  • West Virginia has a GDP of $65.7 billion.
South Dakota Franchise Opportunities

If you long for a rural lifestyle, space to spread your wings and no taxes, South Dakota can certainly deliver. There are plenty of little towns you could easily excite by bringing in a new franchise!

Minnesota Franchise Opportunities

The Land of 10,000 Lakes really is an accurate description of Minnesota—there are more than 11,000 lakes scattered across this beautiful state, whose name comes from the Dakota word meaning “clear blue water.” Minnesota has a high level of civic engagement, a high standard of living and is one of the best-educated states in the nation, making it a fabulous place to start your franchise and call home.

Maine Franchise Opportunities

If you’re a fan of forests, find yourself salivating over seafood, and want some peace away from people, maybe Maine is the right state for you to settle down in and start a franchise. There are lots of smaller towns—such as Augusta, Portland and Bangor—that will provide enough customers to run a business, but without the overwhelming hustle and bustle of major metropolitan areas.