This the season to go shopping. If we’re being honest, is there ever a season not to go shopping? Not if you are looking to go into business for yourself, and not if you are considering franchise opportunities in Colorado. Why you ask? Because shopping around for a franchise takes time and due diligence, and…it’s competitive year-round!
Who Wouldn’t Want to Open a Colorado Franchise?
Gone are the days when Colorado industries relied mostly on cattle, oil, and skiing (we like that one!). Today, in addition to those industries, Colorado has become home to several different industries and is known as a popular, centrally located hub for entrepreneurs. The climate. The talented workforce. The welcoming business community. All of these and more explain why franchises in Colorado are so popular.
The Colorado Franchise Industry
First, let’s look at the current and projected numbers for the Colorado franchise industry.
- Forbes, CNBC, and U.S. News and World Report all recognize Colorado as an excellent location for business
- Franchising is a $501 billion industry, $165.5 billion of that from the western states, which include Colorado franchises
- The International Franchise Association’s 2022 Franchising Economic Outlook indicates a 3.8% growth rate in Colorado ranks 12th overall in the U.S.
Location, Location, Location
If you live in Colorado, it isn’t news that our state is on the bucket list of many to live in or retire too. We’re a state that has it all. Centrally located with a mild climate, but plenty of snow in the mountains for skiing and recreation. The state boasts an abundance of natural resources to enjoy while also maintaining innovative industries in science, medicine, and technology. It’s a state known for safe streets, good schools, fine art and culture, and much more to attract growing families and businesspeople of any age. Within the Mountain time zone, doing business with either coast is more convenient than ever, and in Denver, the airport is a hub for international travelers conducting business, supporting Colorado tourism, or simply putting Colorado on the map as a gateway into the west, and out to the rest of the world.
A LOT of people love living in, working in, and visiting Colorado. That’s good news for business owners, or those seeking franchises for sale in Colorado.
- Colorado small business owners employ an average of 1.1 million people
- More people are moving into Colorado than leaving the state
- 400,000 Retiring Americans moved out of state for their retirement, for greener pastures
At any given time, there are thousands of businesses for sale in Colorado, of which hundreds are franchise concepts. With so many to choose from, there are some questions to ask yourself before considering franchise ownership.
How to Know Franchising is For You
There are many benefits to owning a franchise business as opposed to starting up a business on your own. Things like brand recognition, existing audience, economic outlook, industry regulation for your protection, and most importantly, support from a network of leadership and team professionals who have it in their best interest to help you succeed.
Ask yourself:
- Are you willing to adopt someone else’s original brand?
- Do you have basic business management skills or other skills needed for the type of industry you are seeking to join?
- Will you commit to following a franchise system?
- Will you dedicate yourself to ongoing training for the betterment of your franchise and the brand as a whole?
- Will you appreciate the extra government regulation that has been put in place to protect the franchisor and franchisee?
- Are you excited to be a part of a team, while running your own business?
If you answered yes to all or most of the above questions and are interested in going into business for yourself out west, then it might be a good idea to look for franchises for sale in Colorado.
The Shredder Ski School Franchise in Colorado
If you are indeed in the market for one of the best franchises to own in Colorado, look no further than Shredder Ski School. We invite you to inquire about our ski business which comes with all that Colorado has to offer: a positive industry forecast, a popular market, and a location people – your future customers – are moving to by the thousands. We have established an excellent training program and will include you in a very supportive network.
As we said from the beginning, Colorado is known for its skiing industry. Pair that with a popular ski school franchise like Shredder and explore the possibilities of what opening a franchise in Colorado can do for you and your future.
