Business Opportunities in Rhode Island
Rhode Island presents a wealth of business opportunities for entrepreneurs seeking to invest in this vibrant state. Explore a variety of businesses for sale in Rhode Island below. Dive into the franchise scene in the Ocean State and discover the right opportunity for your entrepreneurial journey.
| 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.
Facts About Rhode Island
| Capital: | Providence |
| Year of Statehood: | 1636 |
| Largest Cities: | Providence, Cranston |
| Motto: | Hope. |
| Nickname: | The Ocean State |
Develop Your Big Business Dreams in Little Rhody
- 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)
Current Opportunities in Rhode Island:
Ready to join the future of online shopping? Our E-Commerce Future Partner Program is your ticket in! Experience hands-off Amazon stores that effortlessly generate passive returns every month, taking advantage of Amazon’s…
30k Minimum Cash Required
Join a booming industry where every property and business transaction in America is financed, and countless companies seek capital for growth. As a student of Clear Path Financial Training, you'll access cutting-edge…
6,995 Minimum Cash Required
Express Employment Professionals is the top staffing franchise in North America. Ranked #1 by Entrepreneur Magazine for 13 consecutive years, we have more than 860 awarded locations with an average of more than $6.4 million…
150k Minimum Cash Required
Poolwerx is America's fastest moving retail and service pool business, with over 166 service trucks and 31 retail stores joining Poolwerx in America since they first arrived in 2015. A global brand established as the…
80k Minimum Cash Required
Caring Transitions is a low-cost, home-based franchise that allows you to help older adults and their families with major transitions. Rather than concentrate on one service, we focus on the full needs of our clients in this…
50k Minimum Cash Required
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 prices, and ultimately win…
80k Minimum Cash Required
Most Popular Industries & Categories
As of April 29, 2024: