Business Opportunities in Rhode Island

Rhode Island presents a wealth of business opportunities for entrepreneurs seeking to invest in this vibrant state. Explore a variety of businesses for sale in Rhode Island below. Dive into the franchise scene in the Ocean State and discover the right opportunity for your entrepreneurial journey.

Population per Square Mile1,061.4
Per Capita Income$43,324
Total Employer Establishments28,989
Total Employment412,761
Total Retail Sales per Capita$13,103

Rhode Island's franchising landscape is shaped by its dense population of 1,061.4 people per square mile and a considerable per capita income of $43,324. With total retail sales per capita at $13,103, these factors together create a favorable environment for franchise growth.

The state flourishes in diverse industries such as life sciences, IT and data analytics, the maritime industry, advanced business services, design, custom manufacturing, and travel and hospitality. These sectors present varied and lucrative business opportunities for franchises.

Rhode Island's high population density is a strategic advantage for franchises, especially in sectors like retail and food services, where high customer turnover is key. The significant retail sales per capita in Rhode Island indicate potential for retail-oriented franchises. Additionally, the state's strong presence in specific industries like life sciences and IT offers opportunities for specialized franchising. 

Cities and Industries

With 585 company headquarters in Providence and a total of 20,993 businesses, the business services industry stands as a promising opportunity for potential franchisees. The significant concentration of corporate headquarters highlights the need for tailored services to meet the unique needs of these businesses. Franchises specializing in business services can thrive in this market, offering valuable solutions and support to companies.

Cranston, RI, boasts a robust healthcare expenditure of $807.87 million annually, indicating a substantial demand for healthcare services. This presents an excellent opportunity for potential franchisees in the healthcare industry to establish businesses such as medical clinics, dental practices, or wellness centers. Additionally, with an average household income projected to reach $107,483 by 2028, residents in Cranston are more likely to have disposable income for wellness-related services.

Website Analytics

Our website's analytics for visitors from Rhode Island have revealed some crucial statistics. With a high bounce rate of 77.24% and an average session duration of just 43 seconds, it's evident that potential franchisees exploring opportunities in Rhode Island may not be dedicating sufficient time to in-depth research. To outperform your potential competition, consider investing more time into the resources on our website to make well-informed decisions.

Franchise Opportunities

Explore a range of businesses for sale in Rhode Island below.

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Rhode Island

Facts About Rhode Island

Capital: Providence
Year of Statehood: 1636
Largest Cities: Providence, Cranston
Motto: Hope.
Nickname: The Ocean State
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Develop Your Big Business Dreams in Little Rhody

  • As of October 2023, the unemployment rate in Rhode Island was 2.7%, lower than the U.S. overall. (source)
  • Rhode Island ranks 8th in America's Health Rankings 2023 Annual Report.  (source)
  • Rhode Island's real GDP in the 1st quarter of 2023 was $71.9 billion in goods and services per year.  (source)
  • The state's business environment has demonstrated positive growth, with a 6.8% increase in the Business Conditions Index for the quarter ending September 30, 2023.  (source)

Current Opportunities in Rhode Island:

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

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

There is NO better business model that is designed to excel in inflation, recession, and uncertain times. We help you create the ultimate MONTHLY cash flow for years by helping companies save money when they need it. Buy a…

$ 70k 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

VOTED TOP PART TIME - WORK AT HOME BUSINESS! Are You Looking to Make an Additional $100,000 in the Next 12 Months - No Employees to Hire - No Equipment to Rent/Buy - No Office/Warehouse to Rent/Lease - Start Making money in…

$ 30k Minimum Cash Required

Crave is searching for franchise partners in the U.S. At Crave we offer BBQ, Hot Dogs, Self Pour Beer, Ax Throwing and so much More! We are one of the fastest growing Hot Dog franchises, winner of best southern BBQ and…

$ 80k Minimum Cash Required

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