- Texas is one of the best places to own a franchise because of the diverse population, large economy, and that it’s home to powerful corporations.
- Benefits of opening a Texas franchise include small business support, tax advantages, and a lot of potential employees.
- Own a Texas Franchise like Preservan Wood Rot Repair.
Texas is one of the fastest growing states in the US. The extremely diverse population is spread out over many giant metropolitan areas that are in need of the support of the businesses for the new residents. According to the US Small Business Administration, 99% of the businesses in Texas are small businesses. Texas has long been known as a haven for startups and franchises, and in 2024 that is even more true. They say everything is bigger in Texas, and the opportunity to establish a new and profitable franchise is as big as ever.
Franchise Boom In Texas
With one of the fastest growing populations in the second most populated US state, it’s no wonder that the customer base for new franchises is constantly growing. Texas also has the second largest economy of any state, making up over 8% of the US GDP. In terms of new franchises, Texas is already experiencing a boom. In fact, Texas ranked as the number one state for franchise growth in IFA’s 2023 Franchising Economic Outlook. There’s projected to be at least 2,590 new Texas franchise units adding $85.4 billion to the Texas economy. When you look at some of the benefits of opening a franchise in Texas, it becomes abundantly clear why.
Benefits Of Opening A Texas Franchise
Texas has been known as a very business-friendly state. Local and state governments have passed laws that favor new Texas franchises and allow talented workers to comfortably live in the state. Texas leads most other US states in important stats. Statistics including in GDP, population growth, telnet access, and affordable office space just to name a few. Below we have listed out the top 3 benefits of opening a Texas franchise.
1. Friendly To Small Businesses
The United States Small Business Friendliness Survey takes a comprehensive look at each state and the factors that the state uses to promote small businesses growth. From 2012 to 2019, Texas has received an overall A grade on the survey. Specifically,Texas ranks high in specific categories like regulations, ease of starting a business, and tax codes. Though these encouraging numbers may not guarantee a successful business, they do make starting a new franchise a lot easier and safer.
2. Tax Advantages
Texas separates itself from the other states with unique and business friendly tax laws. According to The Tax Foundation’s 2023 State Business Tax Climate Index, Texas is ranked in the top 15 states that do not have an individual income tax or corporate income tax. This makes starting a business a whole lot easier in Texas. In the aforementioned Small Business Friendliness Survey, Texas received an A- grade for tax code in 2022, further supporting the claim.
3. A Lot Of Talent
One of the most important aspects of any successful business is the employees you bring in to operate and grow it. Texas not only has a booming population, but also a young and talented workforce. According to CNBC’s 2022 America’s Top States for Business, Texas is ranked all the way at number 2 for available workforce! Cities like Austin, TX are known for their exciting new tech startups, and there are also a plethora of impressive universities and colleges all around the state. People are moving to Texas for its decent year round weather, and low cost of living, giving small businesses a huge pool of talented workers to draw from.
Entrepreneurship In Texas
Texas is home to four of the top 30 largest companies in the US today. However, more than half of the businesses in Texas are actually small businesses. It’s clear that the benefits of starting a business in Texas are so great, that entrepreneurs of all types have flocked to this state to take advantage. According to the Kaufman Indicators of Entrepreneurship, In 2020, 79.6% of startups in Texas survived at least one year. That was better than the national average, and further proved why Texas is such a popular place to start a successful business.
Top Texas Franchise Categories
The opportunities for new franchises in Texas are as diverse as the state itself. With new industries developing every day, the list continues to grow and evolve every year, leaving plenty of opportunities for new franchises to find their footing.
- Food franchises: With such a rapidly growing population, Texas is always going to have a need to feed all of those people!
- Care franchises: The diverse population of Texas requires plenty of senior and childcare services, and poses as a sector that will see growth for years to come.
- Retail franchises: The retail market is strong in Texas, and new retail businesses are popping up every day that are further diversifying the already unique business landscape.
- Fitness franchises: With the recent health surge that so many customers have been taking part of, starting a fitness business is a great opportunity in Texas now.
- Service franchises: Texas has a booming economy and a surging population. The need for home improvement, cleaning, or other home services is already sky high, and is almost guaranteed to grow steadily in the coming years.
Open A Preservan Texas Franchise
The opportunities to start a new and successful Texas franchise are abundant. There is one fresh new franchise opportunity that is a perfect fit for Texas today: Preservan Wood Rot Repair. With the seemingly endless amount of new homes being built, and old ones needing repair, the need for a home improvement franchise like Preservan is huge and growing day by day. A Preservan Texas franchise boasts a low start up cost. Our experienced marketing team will help you find your footing wherever you want to set up shop in Texas. We work closely with you every step of the way to ensure that your Preservan Texas franchise is a resounding success.
Looking to start a Texas franchise or Florida franchise? Look no further than Preservan! Preservan franchises prove themselves as some of the most exciting opportunities for investment. If you think Preservan 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 Texas franchise opportunity. We look forward to hearing from you!
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