Top Franchises in New Mexico (NM)

Franchise Opportunities in New Mexico

Window Genie

Window Genie, a Neighborly company, is the nation's leading window cleaning and pressure washing franchise. With us, you'll open your window to a brighter future!

50k Minimum Cash Required

Every day, there are more than 50,000 water damage property losses in the United States. PuroClean is in search of business professionals who want to become a superhero in their local community and help make a difference in…

75k Minimum Cash Required

Cooper's Scoopers

Ready for a rewarding new opportunity? Cooper’s Scoopers is growing nationwide! Take control of your schedule, be your own boss, and make a difference in the lives of pet owners. We’re here to guide you every step of the…

40k Minimum Cash Required

Mattress By Appointment

Get started for as little as $19,000. 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…

19k Minimum Cash Required

NTV360

NTV 360 presents a turnkey digital advertising franchise opportunity that delivers a high-margin, recurring revenue model. NTV 360's model allows entrepreneurs to place indoor digital billboards in high-traffic venues,…

30k Minimum Cash Required

Zoomin Groomin

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…

90k Minimum Cash Required

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Facts About New Mexico

Capital:	Santa Fe
Year of Statehood:	1607
Largest Cities:	Albuquerque, Rio Rancho
Motto:	It grows as it goes.
Nickname:	Land of Enchantment

Franchising Economic Indicators in New Mexico

New Mexico's economy showed strong growth in the first quarter of 2023, with a real GDP growth rate of 2.9% per year. (source)
The information sector in particular saw an impressive growth rate of 11.7% per year. (source)
New Mexico ranks third in the nation for public health funding, demonstrating a strong commitment to health-related initiatives and programs. (source)
The state claims a high rate of homeownership, ranking 13th in the United States. (source)

Here are the best franchises for sale in New Mexico. Below is a list of essential demographic data, economic indicators, and insights into key industries that will help you plan out your next franchise venture in New Mexico.

Population per Square Mile	17.5
Per Capita Income	$32,667
Total Employer Establishments	43,953
Total Employment	606,085
Total Retail Sales per Capita	$12,616

New Mexico's franchising landscape is shaped by its distinctive economic and demographic characteristics. Key economic indicators such as a the per capita income of $32,667 and the 43,953 total employer establishments along with a retail sales per capita amounting to $12,616, sketch a promising picture for potential franchisees. These figures not only reflect the state's purchasing power but also its workforce availability and business environment.

The state's economic growth is robust, as evidenced by a real GDP growth rate of 2.9% in the first quarter of 2023. The renewable energy sector in New Mexico, particularly wind and solar energy, has seen significant growth, with renewable resources accounting for 42% of the state's in-state electricity net generation. Additionally, the film and digital media industry has flourished, thanks largely to the state's landscapes and cultural richness, attracting major productions and companies like Netflix.

Tourism and hospitality in New Mexico thrive on the state's unique blend of Native American, Hispanic, and Anglo cultures, drawing millions of visitors annually. The agriculture and food processing industries also play a crucial role, benefiting from the state's favorable climate and fertile soil.

These sectors, along with the state's retail landscape, suggest a diverse range of business opportunities, from eco-friendly businesses to cultural tourism, entertainment, and agri-food ventures. Understanding these industry dynamics and economic data can guide potential franchisees in making informed decisions about entering New Mexico's market.

Cities and Industries

Albuquerque, NM offers a diverse housing landscape with approximately 58% of units being detached homes and a median home age of 48.8 years. This vibrant real estate market is further supported by a substantial $1.29 billion expenditure in the shelter category in 2023. This presents promising prospects for businesses in home services and real estate franchising. Additionally, the city shows a significant focus on health care, evidenced by a noteworthy expenditure of $512.94 million in this sector in 2023. For potential franchisees, the healthcare industry in Albuquerque holds great promise.

In Rio Rancho, NM, there are many promising business opportunities. The city's average household income of $110,608 indicates a strong consumer base. The substantial retail expenditure of $2.15 billion suggests a plethora of opportunities in the retail sector. Entrepreneurs can explore unique retail businesses, such as specialty stores or innovative shopping experiences, to cater to the community's preferences. Rio Rancho's economic landscape offers a favorable environment for franchisees to thrive and meet the community's evolving needs.

Website Analytics

Seize the opportunity in New Mexico today while your competition hesitates. Our website analytics for the state reveal a bounce rate of 77.57%, suggesting that many potential franchisees are still exploring their options. With an average session duration of 49 seconds and visitors exploring 1.51 pages per session, it's clear that this market is still ripe for the taking. Act now to tap into this open and promising market. Don't wait for others to claim the opportunities – make your mark in New Mexico today!

Franchise Opportunities

Explore a selection of available businesses for sale in New Mexico by browsing through the listings below.