Top Franchises in New York (NY)

Franchise Opportunities in New York

My Business Venture

My Business Venture gives you the ability to start an online business from your home. We provide you access up to 1 million products & you chose up to 2,500 you want to feature on your website! MBV’s 10% Price Guarantee on…

10k Minimum Cash Required

Batteries Plus

Over 30 years of consistent growth. Ongoing support. Multiple revenue streams. Whether you’re looking into owning your very first store, or you’re interested in adding to your existing franchise portfolio, Batteries Plus…

100k Minimum Cash Required

Zoomin Groomin

Sniffing around for a great new opportunity? Zoomin Groomin is expanding our Mobile Pet Grooming business nationwide. Set your own schedule, be your own boss and work with pets all day. We’ll be right by your side, every…

90k Minimum Cash Required

Blue Coast Savings Consultants

Blue Coast Savings Consultants is a leading consultancy in cost savings and expense reduction. For over 30 years, our advisors have helped businesses enhance their profits and achieve greater financial flexibility by cutting…

70k Minimum Cash Required

The UPS Store

Here at The UPS Store franchise, we know first-hand how important a healthy work-life balance is. When you become an owner of a The UPS Store, you are assisted with finding the right balance as you pursue your entrepreneurial…

75k Minimum Cash Required

Sky Zone Trampoline Park+

First on the scene and best in its class, Sky Zone created the world’s first wall-to-wall trampoline park in 2004, bringing healthy, high-flying fun to people across the globe. Now you can be part of this international…

500k Minimum Cash Required

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Facts About New York

Capital:	New York
Year of Statehood:	1788
Largest Cities:	New York City, Rochester
Motto:	Excelsior
Nickname:	Empire State

Franchising Economic Indicators in New York

In the first quarter of 2023, New York's real GDP was valued at $2.0 trillion in goods and services per year. This places New York's economy as the third largest in the U.S. (source)
The START-UP NY program offers new and expanding businesses the opportunity to operate tax-free for 10 years on or near eligible university or college campuses in New York State. (source)
New York ranked eighth for economic growth in 2022. (source)
In the U.S. News 2023 state rankings, New York was ranked 20th overall among the 50 states. (source)

Here are the best franchises for sale in New York. Below is a list of essential demographic data, economic indicators, and insights into key industries that will help you plan out your next franchise venture in New York.

Population per Square Mile	428.7
Per Capita Income	$43,208
Total Employer Establishments	535,758
Total Employment	7.8 million
Total Retail Sales per Capita	$14,889

With a population density of 428.7 per square mile and a per capita income of $43,208, New York presents a lucrative market for franchises, characterized by a large, affluent customer base. The state's 535,758 employer establishments and 7.8 million employment figure reflect a diverse economic landscape, while the significant retail sales per capita suggest a strong consumer spending environment, key for the success of various franchise models.

In 2022, New York's economy exhibited resilience and growth. The state gained over 443,000 jobs, marking a 5% increase. Notably, employment in several sectors surpassed 2019 levels, particularly in information, professional and technical services, transportation and warehousing, and finance and insurance.

The leisure and hospitality sector realized the largest job gains in 2022, growing by 19.2%. In contrast, arts, entertainment, and recreation witnessed a remarkable annual growth rate of 20.8% in the first quarter of 2023, the highest among all sectors in the state. This indicates a robust recovery and growth in sectors related to consumer spending and discretionary income, which are critical for many franchise businesses.

New York's real GDP in the first quarter of 2023 was a staggering $2.0 trillion, with the finance and insurance sector contributing the most, amounting to $333.0 billion. This highlights the significant role of financial activities in the state's economy. The financial activities sector comprised 29.2% of the State’s GDP in 2022, underscoring its dominance in the economic landscape. Professional and business services, as well as the information sector, are also significant contributors, together accounting for over a quarter of the state's GDP.

Cities and Industries

In New York City, the transportation sector commands a significant portion of household spending, with $20.33 billion allocated to it, suggesting robust opportunities for franchises in this arena, especially those offering daily commute solutions or automotive services. Considering the large percentage of the population that commutes via public transportation (32.3%), franchises that provide products or services geared towards commuters, such as quick-service food outlets or repair services for bikes and scooters, may also thrive.

The workforce's sizable shift to remote working (34.8%) indicates a burgeoning market for home office solutions, delivery services, and home-based franchises. This work-from-home trend, combined with an estimated average household net worth of $1.79 million, suggests that New York City is fertile ground for franchises offering home improvement, interior design, and premium home service experiences.

Yonkers residents allocate a substantial portion of their budget to transportation, with expenditures reaching $4.54 billion, reflecting the necessity of automotive services. With 35.2% of the workforce driving to work alone, franchises in the automotive sector have a clear opportunity. This data suggests potential success for car repair franchises, car washes, and automotive accessory retailers.

Health care spending in Yonkers is also noteworthy, at $2.09 billion, indicating a priority on health and wellness among residents. Franchises offering wellness-related products, fitness centers, and health services could find a receptive market, with a population invested in maintaining and improving health.

Website Analytics

New York is a market with a notable 6.89% share of our website’s total visitors, showcasing substantial interest. However, there's untapped potential in the state as indicated by the 78.34% bounce rate and an average session duration of just 47 seconds. This presents a prime opportunity for proactive entrepreneurs to seize a market with potentially less competition. Act now, and you could establish a strong foothold in this promising state, where the market is ripe for exploration and growth.

Franchise Opportunities

Uncover a diverse selection of businesses for sale in New York as you browse through our extensive listings below.