Nevada Edges Past Georgia To Lead Q1 Franchise Interest Index™

Nevada edged past Georgia to lead the nation with the highest adult per capita interest in buying a franchise in Q1 2020, according to new data from Franchise Insights. Georgia had claimed the top spot in the The Franchise Interest IndexTM  for the full year of 2019.

The Franchise Interest IndexTM reveals the relative interest of entrepreneurs making investment inquiries by indexing proprietary data and state-by-state population figures. An index of 100 indicates average interest, while an index of 120 represents 20% higher-than-average interest. 

  • Nevada, Georgia and Florida stood head and shoulders above other states in the Q1 2020 index, with scores of 189, 186 and 161, respectively. 
  • Maryland and South Carolina ranked well above average, with index scores over 130. So did  New Jersey, Texas and Delaware, all indexing more than 20% above average.
  • Utah rose to a slightly above-average ranking in Q1, from an annual index score of 88 to start the year at 101.

 

States Ranked by Franchise Interest  Index(TM)

StateFranchise Interest Index ™ Q1 2020
1.Nevada189
2.Georgia186
3.Florida161
4.Maryland139
5.South Carolina133
6.New Jersey129
7.Texas126
8.Delaware121
9.Alabama117
10.Louisiana114
11.North Carolina114
12.Virginia111
13.Mississippi108
14.Utah101
15.Colorado99
16.Tennessee93
17.Arizona92
18.Ohio91
19.Illinois86
20.Michigan85
21.California84
22.New York84
23.Oregon84
24.Hawaii83
25.Pennsylvania83
26.Idaho80
27.Missouri78
28.Connecticut75
29.Washington73
30.Massachusetts72
31.Kentucky71
32.Arkansas70
33.Nebraska69
34.Indiana69
35.Minnesota68
36.West Virginia68
37.South Dakota67
38.Montana65
39.Oklahoma63
40.Alaska62
41.New Hampshire61
42.Kansas59
43.Rhode Island59
44.Maine58
45.New Mexico58
46.Wyoming57
47.Iowa56
48.North Dakota54
49.Wisconsin54
50.Vermont38

FranchiseVentures is the leading demand– and lead-generation platform for potential franchisees to thousands of growing franchise systems in the United States and Canada. Its franchise lead generation brands include Franchise.com, Franchise Solutions, Franchise Gator, Franchise Opportunities, Franchise For Sale, SmallBusinessStartup.com and BusinessBroker.net, and together they provide the largest aggregation of prospective franchise buyers in the U.S.

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Published on Wednesday, April 22nd, 2020.

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