Starting a Franchise in Wisconsin: A Guide to Success
If you're thinking about starting a franchise in Wisconsin, you're in luck! The Badger State offers a supportive business environment, a robust economy, and a variety of franchise opportunities to choose from. In this guide, we'll explore the benefits of franchising in Wisconsin and provide verifiable data to help you make informed decisions.
Are you considering starting a franchise in Wisconsin? Well, the Badger State offers a supportive business environment, a robust economy, and a variety of franchise opportunities to choose from. In this guide, we'll explore the benefits of franchising in Wisconsin and provide verifiable data to help you make informed decisions.
Business Environment in Wisconsin
Wisconsin has a business-friendly environment that's designed to support entrepreneurs and help them succeed. This is due in part to its relatively low corporate income tax rate of 7.9%, which is lower than many neighboring states.
In addition to its favorable tax climate, Wisconsin has a well-educated workforce, with over 30% of the population holding a bachelor's degree or higher. This educated workforce is complemented by a high quality of life, which includes affordable housing, excellent healthcare, and access to outdoor recreational opportunities.
Market Trends in Wisconsin
Wisconsin's economy is diverse, with strong performance in healthcare, manufacturing, agriculture, and the tourism sectors. The state's GDP has steadily grown over the past few years, with a 2022 GDP of $306.5 billion. In addition, the unemployment rate in Wisconsin is lower than the national average, currently sitting at 3.2%.
When it comes to franchising, some of the most popular industries in Wisconsin include food service, retail, and home services. According to the Franchise Business Economic Outlook for 2022, the state saw a 2.2% increase in the number of franchise establishments, and a 3.1% increase in franchise employment.
Franchise Opportunities in Wisconsin
Wisconsin offers a variety of franchise opportunities, ranging from nationally recognized brands to smaller, regional companies. Some of the top franchise opportunities in Wisconsin include:
Culver's: This Wisconsin-based fast-food chain is known for its Butter Burgers and frozen custards, yum!
Anytime Fitness: This 24/7 gym franchise has over 4,000 locations worldwide, with a strong presence in Wisconsin.
Two Men and a Truck: This moving company franchise has over 350 locations in the US and Canada, including several operating successfully in the state.
The Cleaning Authority: This residential cleaning franchise has over 225 locations in the US and Canada, with a growing presence in Wisconsin.
The UPS Store: This shipping and printing franchise has over 5,000 locations worldwide, with nearly 50 in Wisconsin alone.
Conclusion
Starting a franchise in Wisconsin offers many benefits, from a supportive business environment to a diverse economy and a variety of franchise opportunities. By using the verifiable data provided in this guide, you can make informed decisions about which franchise to invest in and how to succeed in Wisconsin's competitive market.
Get started now by viewing opportunities available in Wisconsin from the list below. Good luck and good business!
