- Florida is currently one of the best places to start a small business due to its booming population and economy.
- Benefits of opening a Florida franchise include a friendly small business environment, favorable tax laws, and a large talent pool.
- Own a Florida Franchise like Preservan Wood Rot Repair.
Many people know Florida for its year round sunny weather, beautiful beaches, and world class theme parks and entertainment options. However, Florida is also seeing a small business boom thanks to a variety of favorable factors. WalletHub ranks Florida in the top three best states to start a business in 2024. Have you ever thought about owning a franchise in Florida? It would make sense to! The large population, business friendly tax structure, and large talent pool make Florida the perfect place to start a successful business.
Florida Business Boom
Florida has seen consistent growth for years now thanks to its business friendly policies and every expanding workforce. In fact, according to WalletHub, Florida’s workforce continues to grow and there are more startups and business-owners than most states. Florida actually ranks fourth-best in the Average growth in number of small businesses category in 2024. The local governments have also invested heavily in infrastructure to make conducting business in Florida easier than ever. Florida also offers extremely attractive tax rates that makes starting a business there a no brainer.
Benefits Of Opening A Florida Franchise
We’ve already touched on a few of the factors that have contributed to why opening a Franchise in Florida is a popular choice. Now we will break down three of the major reasons including their business friendly tax structure. We will also look at how Florida lawmakers have made the climate extremely business friendly, and how the workforce continues to grow.
Friendly To Small Businesses
The business friendly climate that Florida has created has started from the top with streamlined regulations and minimal taxes. Florida is already home to a large number of extremely successful businesses that allows for a collaborative environment between business owners. In fact, according to a 2023 WalletHub study, Florida is actually the second best state to start a business in. It is also the fourth fastest-growing small business state in the country. It’s clear to see that Floridians have made it as easy as possible to start a franchise in Florida.
Tax Advantages
Many people know about Florida tax law because they are one of the few states to have no personal state income tax. While corporations do pay this tax, it is considerably lower than many other states at 5.5%. They also offer a variety of different tax incentives like The Internship Tax Credit and The Rural Job Tax Credit which give businesses credit for hiring interns and rural workers. Florida lawmakers have been working for years to create a business friendly climate through the tax law, and it’s paying off in a huge way.
Lots Of Talent
Florida is already the third largest state in the country by population, and is home to four of the top 50 largest metropolitan areas in the country. In 2022, Florida was the fastest growing state in the US, growing by about 1.6% per year since then and staying in the top five fastest growing states. In fact, Polk County between Tampa and Orlando saw the most people move there out of any county in the US. The fact is that with so many people living in Florida, the talent pool and workforce is vast. There are lots of well educated workers ready to help grow your business. There is a lot of talented individuals in big cities, a perfect reason to franchise in Florida.
Entrepreneurship In Florida
Florida has consistently ranked as one of the top places to start a business in recent years. According to a recent study done by researchers at The Digital Project Manager, Florida has the highest percentage of the population that has started a business. There are over 13,238 small businesses per 100,000 residents, which is far and above even the next state which is neighboring Georgia at around 10,000. In addition to that, Florida also leads the US in new businesses created with more than 2.6 million new businesses formed over the last four years. It’s clear to see that entrepreneurship in Florida is at an all time high, and still has room to grow.
Top Florida Franchise Categories
Florida is a large and diverse state that offers just as diverse of a selection of franchise opportunities. The list of possible categories of franchises to start in Florida grows all the time as even more people and businesses funnel into the state. This leaves plenty of opportunities to find success in Florida franchises for years to come.
- Florida Food franchises: Food is a necessity and Florida’s booming population is going to require a variety of restaurants to fuel growth in both rural and urban areas.
- Florida Care franchises: A large percentage of Florida’s population is retirement age and there is an ever growing market for caregiving franchises. With a consistent stream of retirees flooding into the sunny state, the opportunity for a successful franchise is apparent.
- Florida Retail franchises: There is also a need for more retail franchises in Florida to supply the citizens and other businesses with the products they need to go about their lives. There is sure to be plenty of growth in this category in the coming years.
- Florida Fitness franchises: Many consumers have become increasingly aware of their health and have thus started to use more gyms and fitness centers. With an influx of young workers flooding into the state, a fitness franchise will have plenty of room to thrive.
- Florida Service franchises: Thanks to the growing population and a strong economy, service franchises are going to see a lot of success in Florida. The real estate market is also booming, meaning that franchises like home improvement, cleaning, or other home services will be in huge demand.
Open A Preservan Franchise in Florida
Every aspect of Florida has been booming from the economy to the population in recent years. This steady and exciting growth has opened the floodgates for franchising opportunities all around the state. One of the most exciting new franchise opportunities in Florida is Preservan Wood Rot Repair. New homes are being built every day in Florida to try and keep up with the influx of new residents. The need for wood rot repair services, while already high, will just keep growing as the number of new homes grows as well. Think you’re ready to open a Preservan franchise in Florida?
Looking to start a Florida franchise or Texas franchise? Look no further than Preservan! Preservan franchises prove to be some of the most exciting opportunities for investment. If you think the Preservan home restoration franchise is a good fit for you, contact us online for more information. With Preservan, you can help save the future by protecting the past. If you would like to learn more about the Preservan Franchise, then visit our website to view our FAQs, current locations, testimonials and how to get started. Send us a message online to learn more about our Florida franchise opportunity. We look forward to hearing from you!
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