Iowa's Diverse Franchise Portfolio - Find Your Perfect Fit

• According to the US News & World Report, Iowa ranked as the seventh best state in 2023.
• Due to its effective financial governance, the state is ranked eighth in fiscal stability, while it ranks in 11th place for infrastructure.
• It ranked third for opportunity, which highlights the potential for social and economic growth.
• The state ranked ninth in America’s Top States for Business Ranking.
• In 2023, Iowa’s unemployment rate stood at a low 3.2%, indicating a robust job market​. 
• The real gross domestic product (GDP) growth rate in the first quarter of 2023 was a notable 5.2% per year, showcasing economic vitality​.
• The 2023 changes to Iowa’s individual income tax laws include notable changes in the implementation of a flat individual income tax rate of 3.9% by 2026, simplifying the tax structure and potentially reducing the tax burden for many individuals and businesses.
• Per capita income in the state is at $37,949, while total retail sales per capita stands at $15,925.

With all of these good reasons to consider franchises in Iowa, you may be wondering where exactly to set up shop. Whether it’s the state capital Des Moines or large cities such as Cedar Rapids, Davenport, Sioux City, or Iowa City, there’s something for everyone. In particular, the state has a population of 3.1 million residents, representing 1.2 million households.

Median household income stands at $70,571 while the total number of small businesses is 272,555. All of these factors combined indicate a healthy economic environment. The state is also centrally located, which provides unique geographical advantages. Although the state is well-known for its agricultural traditions, other sectors it is diversifying in include manufacturing, biotechnology, and green energy production.

Now, let’s explore a few key cities and industries where you could pursue your franchise ownership opportunity.

Starting with Cedar Rapids, average household income is $102,358, which is projected to increase to $116,301 by 2028. In addition, the average household net worth is $389,567. Both of these indicators combined indicate the strength of the home improvement value as residents invest heavily in their homes. Sectors that can thrive here include renovation and modernization.

Des Moines, on the other hand, has an average household income of $93,327, expected to rise to $101,547 by 2028, also signaling that home-based franchises can thrive in this city. Other sectors that could benefit from operating in the state include housing, real estate, home improvement, and renovation.

As for Davenport, the city presents promising business opportunities for potential franchisees in the food and beverage industry. The estimated average household income for 2023 was $87,474. This indicates a favorable economic environment where residents use their disposable income for dining out, marking a standout opportunity for franchises.

Here’s a brief explanation of franchising in Iowa:

Iowa is a non-registration state for franchises. This means franchisors don’t need to register their franchise offering or file their Franchise Disclosure Document (FDD) with the state. Iowa does have a Business Opportunity Law. This law applies to businesses that sell opportunities (including franchises) where the buyer pays an initial fee for goods or services to start a business, and the seller helps find locations or provides assistance. However, franchisors who comply with the Federal Trade Commission’s Franchise Rule are exempt from the state’s Business Opportunity Law. The FTC Rule already requires disclosure of an FDD to potential franchisees.

Other points worth bearing in mind include the fact that Iowa has a strong agricultural economy, but also growing industries in manufacturing, biotechnology, and green energy. This could be attractive to certain franchises.

The abundance of franchises in Iowa is evident. That’s because you have many industries to choose from, including:

• Accounting & Financial 
• Advertising & Marketing 
• Automotive 
• Business Services 
• Children’s 
• Cleaning 
• Coffee 
• Computer & Internet 
• Consultant & Business Broker 
• Employment & Staffing 
• Entertainment 
• Fitness 
• Food 
• Green
• Health & Beauty 
• Healthcare & Senior Care
• Home Based 
• Home Services 
• Industrial 
• Mailing & Shipping 
• Moving & Storage 
• Pet 
• Photography 
• Printer, Copying & Sign 
• Real Estate 
• Restaurant 
• Retail 
• Sports 
• Tax 
• Training 
• Travel, Cruise and Hotel
• Vending & ATM
• Veteran Friendly

So, when considering available franchises for sale in Iowa with Franchise Fame, you are ready to explore a world of affordable franchises and franchise opportunities that can help you achieve your personal and professional goals. With a vast range of Iowa franchises to choose from, you are on the road to securing the ideal franchise business for you with a franchise network that has a vested interest in your success.

Getting all the training and support you need, alongside working with an established brand, are factors that are definitely worth considering if you want to enter the world of business ownership. And with Franchise Fame at your side, you’ve got a team of highly experienced professionals ready to help you embark on this exciting journey. Get in touch with us today!