Business Opportunities in New Hampshire
Positioned at the intersection of innovation and commerce, New Hampshire offers a prime environment for entrepreneurs seeking growth and prosperity. Dive into the world of franchising, investment, and market expansion, as you explore the potential for lucrative endeavors in key industries such as retail, hospitality, and services.
| Population per Square Mile | 153.9 |
| Per Capita Income | $48,250 |
| Total Employer Establishments | 38,825 |
| Total Employment | 586,840 |
| Total Retail Sales per Capita | $22,245 |
The per capita income of $48,250 in New Hampshire indicates a relatively affluent consumer base. The total retail sales per capita of $22,245 also point towards a potentially strong market for consumer-oriented franchises.
The state's unemployment rate is notably lower than the national average at 2.1%, as of October 2023. The real GDP growth rate in the first quarter of 2023 was 1.3% per year, with significant growth in sectors like agriculture, forestry, fishing, and hunting (84.8%). The total GDP for the state was $108.3 billion, with real estate and rental and leasing being the largest sector at $13.8 billion.
In summary, New Hampshire's stable economy and growing industries offer a fertile ground for various business opportunities.
Cities and Industries
Concord, New Hampshire, with its estimated annual household expenditure of $321.16 million on shelter in 2023, presents a promising opportunity for franchises in the housing and real estate industry. The city's median household income of $93,505 and an average household income of $119,171 indicate a strong financial foundation for potential homeowners, which is essential for the real estate market. Additionally, the city's median home age of 55.3 years suggests a need for renovation and home improvement services, making it an ideal market for franchises specializing in these areas.
Based on the demographic data for Manchester, NH, it's evident that the health and wellness industry stands out as a promising sector for business opportunities. Several data points reinforce this choice: The city boasts an estimated average household income of $109,578 and a per capita income of $46,067, both well above national averages, suggesting that residents have the financial means to invest in health and wellness services. Moreover, with a substantial total healthcare expenditure of $369.34 million, the residents' commitment to health creates a favorable environment for wellness businesses to thrive in Manchester.
Website Analytics
In our analysis of website traffic on visitors from New Hampshire, we've noted a bounce rate of 74.17%, which suggests that some visitors are leaving the site quickly. However, the average session duration is one minute and 28 seconds, proving those who do stick around are staying for an extended period. We encourage potential franchisees to belong to the second group. By investing time and researching their options thoroughly, they can become well-informed and equipped to make the best decision possible in the dynamic world of franchising in New Hampshire.
Franchise Opportunities
Explore business and franchise opportunities in New Hampshire by delving into our extensive selection of offerings below.
Facts About New Hampshire
| Capital: | Concord |
| Year of Statehood: | 1727 |
| Largest Cities: | Manchester, Concord |
| Motto: | Live Free or Die. |
| Nickname: | The Granite State |
Solid Opportunities Abound in New Hampshire
- In October 2023, New Hampshire's unemployment rate was impressively low at 2.1%. (source)
- New Hampshire ranks 6th overall on the 2023 State Business Tax Climate Index. (source)
- As of the first quarter of 2023, New Hampshire's economy was valued at $108.3 billion in goods and services per year. (source)
- According to a report by WalletHub, New Hampshire was ranked as the 3rd best state to live in for 2023. (source)
Current Opportunities in New Hampshire:
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
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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…
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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
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
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
Most Popular Industries & Categories
As of May 1, 2024: