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
Want to own an ecommerce Amazon business without all the hassle of running one yourself? We build, manage and scale Amazon FBA stores for our clients who are looking for a completely automated stream of passive income. Our…
45k Minimum Cash Required
Express Employment Professionals is the top staffing franchise in North America. Ranked #1 by Entrepreneur Magazine for 13 consecutive years, we have more than 860 awarded locations with an average of more than $6.4 million…
150k Minimum Cash Required
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 2,000 you want to feature on your website! MBV’s 10% Price Guarantee on…
3,995 Minimum Cash Required
Mr. Electric is an award-winning electric installation and repair franchise, but you don't need experience as an electrician to be an owner. Operating within a growing and recession-resilient industry that provides…
65k Minimum Cash Required
Do you have a passion for education? How about the desire to invest in yourself? If you answered yes to both of these a Best in Class Education Center Franchise may be the right place for you! With our years of experience and…
50k Minimum Cash Required
Most Popular Industries & Categories
As of April 27, 2024: