Business Opportunities in Delaware
In your quest for business and franchise opportunities, Delaware stands as an intriguing option on the East Coast. Nestled within this state's boundaries are numerous business opportunities waiting to be explored. As you delve into the prospects that Delaware has to offer, we've compiled essential information and data to assist you in making well-informed decisions. Below, you'll find a wealth of crucial details about the state's demographics, business landscape, and more.
| Population per Square Mile | 508 |
| Per Capita Income | $42,180 |
| Total Employer Establishments | 28,553 |
| Total Employment | 408,714 |
| Total Retail Sales per Capita | $18,444 |
Delaware's economic landscape presents a unique mix of attributes for potential business opportunities. The state's population density of 508 people per square mile, along with a per capita income of $42,180, indicates a moderately populated region with a relatively high earning potential. Additionally, the total retail sales per capita of $18,444 suggest a healthy consumer market.
Delaware experienced a real GDP growth rate of 1.0% in the first quarter of 2023, indicating steady economic growth. The state's real GDP was $86.0 billion in goods and services per year, with significant contributions from the finance and insurance sector, which accounted for $19.4 billion of this figure. Another notable sector is transportation and warehousing, which saw a remarkable growth rate of 13.0% per year.
Delaware's industry landscape is varied, with a strong legacy in chemicals and a leading position in the financial services industry. Key industries that dominate the state's economy include science and technology, business and financial services, food and agriculture, manufacturing and logistics, and education and healthcare. This diversity, coupled with the state's second-lowest business costs in the U.S., world-class research universities, and internationally-oriented workforce, positions Delaware as an attractive location for new businesses and capital investment.
Cities and Industries
Newark, DE, presents promising opportunities for franchise ventures, particularly in the automotive and home services sectors. The transportation industry, with a high percentage of residents driving to work alone (67.0%), signifies a robust demand for automotive services. Additionally, residents allocate a significant portion of their expenditures, approximately $757.11 million, towards transportation-related expenses, emphasizing the market potential.
Furthermore, the real estate and construction industry show promise, offering opportunities for home services and renovation projects. With a median home age of 45.5 years, there's a demand for home improvement and maintenance services. Residents collectively spend around $1.36 billion on shelter-related expenses, making this industry a lucrative option for franchising.
In Wilmington, approximately 21.3% of the workforce, or 20,124 individuals, work from home. This substantial remote working population presents a conducive environment for home-based franchises, such as online consulting, e-commerce ventures, and online tutoring services. Additionally, with 656 company headquarters and a total of 12,085 businesses in the area, there is a strong market for business services franchises that can offer tailored solutions to these corporate entities.
Website Analytics
With a relatively low level of engagement on our website from Delaware visitors, it appears that the market for business opportunities in the state is currently unsaturated. The bounce rate of 77.09% and the average session duration of 51 seconds suggest that there may be untapped potential for those interested in entering the world of franchising in Delaware. This data indicates that now could be an opportune time to explore franchise opportunities in the state and establish a presence in this growing market.
Franchise Opportunities
Discover a variety of business and franchise opportunities in Delaware by exploring our extensive list of options below.
Facts About Delaware
| Capital: | Dover |
| Year of Statehood: | 1717 |
| Largest Cities: | Wilmington, Newark |
| Motto: | Liberty and Independence |
| Nickname: | The First State |
The First State for Entrepreneurs
- Delaware was ranked as the 18th overall state in the U.S. News & World Report's state rankings. (source)
- Delaware was also ranked 16th in terms of economy. (source)
- Delaware is a preferred state for company incorporation, with over 1.9 million legal entities, including nearly 68.2% of all Fortune 500 companies. (source)
- Delaware earned the #3 overall state ranking in economic dynamism, which reflects the state's ability to attract young businesses and foster innovation. (source)
Current Opportunities in Delaware:
Exclusive territory. #1 Industry leader since 2001. 100% financing for U.S. citizens who qualify* plus software package with complete training. $100K 1st year profit potential. National alliances...
80k Minimum Cash Required
Get started for as little as $15,000. Make an investment in your future. No franchise fees, setup fees or training costs. 100% of your investment goes to your business. Do you need work that can fit around your family…
15k Minimum Cash Required
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
First on the scene and best in its class, Sky Zone created the world’s first wall-to-wall trampoline park in 2004, bringing healthy, high-flying fun to people across the globe. Now you can be part of this international…
500k Minimum Cash Required
Did you know you could partner with a company to build out your entire e-commerce store, from product research to inventory acquisition to marketing? Yep! You can easily make 6-7 figures in passive income when we build your…
30k Minimum Cash Required
American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. $100k Potential working from anywhere, full-time or part-time. Learn more about this…
30k Minimum Cash Required
Most Popular Industries & Categories
As of May 1, 2024: