Top Franchises in Rhode Island (RI)
Franchise Opportunities in Rhode Island
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…
100k Minimum Cash Required
Today's busy lifestyles demand the services PostalAnnex offers. Capitalize on this demand and open your own business!! After retiring from the printing business PostalAnnex founder Jack Lentz began working out of his…
70k Minimum Cash Required
Apricot Lane Boutique is the #1 women’s fashion franchise. We train our franchisees to be THE fashion destination in their local market, bringing in new styles earlier and more often than any competitor, all at reasonable…
80k Minimum Cash Required
Automated Investments is the pillar of e-Commerce automation. Automated Investments build and operate profitable and hands off Amazon FBA (Fulfilled-By-Amazon) businesses for their clients and investors. While the clients and…
100k Minimum Cash Required
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
Start your own web design business with SiteSwan. Create & sell websites to small businesses in your area with our easy-to-use, private label website builder. Set your own prices - keep 100% of the sales. Our turnkey…
149 Minimum Cash Required
Most Popular Industries & Categories
As of November 24, 2024:
Popular Cities in Rhode Island
Facts About Rhode Island
| Capital: | Providence |
| Year of Statehood: | 1636 |
| Largest Cities: | Providence, Cranston |
| Motto: | Hope. |
| Nickname: | The Ocean State |
Franchising Economic Indicators in Rhode Island
- As of October 2023, the unemployment rate in Rhode Island was 2.7%, lower than the U.S. overall. (source)
- Rhode Island ranks 8th in America's Health Rankings 2023 Annual Report. (source)
- Rhode Island's real GDP in the 1st quarter of 2023 was $71.9 billion in goods and services per year. (source)
- The state's business environment has demonstrated positive growth, with a 6.8% increase in the Business Conditions Index for the quarter ending September 30, 2023. (source)
Here are the best franchises for sale in Rhode Island. 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 Rhode Island.
| Population per Square Mile | 1,061.4 |
| Per Capita Income | $43,324 |
| Total Employer Establishments | 28,989 |
| Total Employment | 412,761 |
| Total Retail Sales per Capita | $13,103 |
Rhode Island's franchising landscape is shaped by its dense population of 1,061.4 people per square mile and a considerable per capita income of $43,324. With total retail sales per capita at $13,103, these factors together create a favorable environment for franchise growth.
The state flourishes in diverse industries such as life sciences, IT and data analytics, the maritime industry, advanced business services, design, custom manufacturing, and travel and hospitality. These sectors present varied and lucrative business opportunities for franchises.
Rhode Island's high population density is a strategic advantage for franchises, especially in sectors like retail and food services, where high customer turnover is key. The significant retail sales per capita in Rhode Island indicate potential for retail-oriented franchises. Additionally, the state's strong presence in specific industries like life sciences and IT offers opportunities for specialized franchising.
Cities and Industries
With 585 company headquarters in Providence and a total of 20,993 businesses, the business services industry stands as a promising opportunity for potential franchisees. The significant concentration of corporate headquarters highlights the need for tailored services to meet the unique needs of these businesses. Franchises specializing in business services can thrive in this market, offering valuable solutions and support to companies.
Cranston, RI, boasts a robust healthcare expenditure of $807.87 million annually, indicating a substantial demand for healthcare services. This presents an excellent opportunity for potential franchisees in the healthcare industry to establish businesses such as medical clinics, dental practices, or wellness centers. Additionally, with an average household income projected to reach $107,483 by 2028, residents in Cranston are more likely to have disposable income for wellness-related services.
Website Analytics
Our website's analytics for visitors from Rhode Island have revealed some crucial statistics. With a high bounce rate of 77.24% and an average session duration of just 43 seconds, it's evident that potential franchisees exploring opportunities in Rhode Island may not be dedicating sufficient time to in-depth research. To outperform your potential competition, consider investing more time into the resources on our website to make well-informed decisions.
Franchise Opportunities
Explore a range of businesses for sale in Rhode Island below.