Top Franchises in Rhode Island (RI)

Franchise Opportunities in Rhode Island

Blue Coast Savings Consultants

Blue Coast Savings Consultants is a leading consultancy in cost savings and expense reduction. For over 30 years, our advisors have helped businesses enhance their profits and achieve greater financial flexibility by cutting…

70k Minimum Cash Required

My Business Venture

My Business Venture gives you the ability to start an online business from your home. We provide you access up to 1 million products & you chose up to 2,500 you want to feature on your website! MBV’s 10% Price Guarantee on…

3,995 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

Real Property Management

Real Property Management, a Neighborly company, is the nation's leading property management services franchise.

50k Minimum Cash Required

SiteSwan Website Builder

Start your own web design business with SiteSwan. Create & sell websites to small businesses in your area with our easy-to-use, private label website builder. Set your own prices - keep 100% of the sales. Our turnkey platform…

199 Minimum Cash Required

Automated Investments

Automated Investments is the pillar of e-Commerce automation. Automated Investments build and operate profitable and hands off Amazon FBA (Fulfilled-By-Amazon) businesses for their clients and investors. While the clients and…

100k Minimum Cash Required

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Facts About Rhode Island

Capital:	Providence
Year of Statehood:	1636
Largest Cities:	Providence, Cranston
Motto:	Hope.
Nickname:	The Ocean State

Franchising Economic Indicators in Rhode Island

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)

Here are the best franchises for sale in Rhode Island. 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 Rhode Island.

Population per Square Mile	1,061.4
Per Capita Income	$43,324
Total Employer Establishments	28,989
Total Employment	412,761
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.