The 6 Best Franchise Opportunities in Colorado

For those looking to pursue the path of business ownership, starting a franchise is a great choice. Not only will you have a respected and well-known name backing your business from the start, but you’ll also be provided with invaluable support from the franchise of your choice.

Location is an obvious factor when starting a franchise, and Colorado is a great state to live out your dream of business ownership. With one of the top economies in the USA and steady population growth, Colorado provides many opportunities for franchisees to find success.

In this article, we will explore some of the key benefits of starting a franchise in Colorado, what to look for in a Colorado franchise, and provide a list of some of the best franchises you can start in Colorado.

Benefits of Starting a Franchise in Colorado

According to a recent study, Colorado is ranked the 4th overall best state in the nation to start a new business. Some of the factors leading to this high rank include favorable business taxes, working-age population growth of 7.2% over the last 5 years, and a fast rate of GDP growth compared to other states. Colorado also has the 2nd strongest economy and is 3rd in the country for access to an educated workforce.

Colorado also provides a high quality of life with residents being able to take advantage of both the bustling urban centers and recreational opportunities provided by the beautiful rocky mountains. By bringing in billions of tourism dollars every year, Colorado is positioned to continue to grow and help business owners reap the benefits of setting up shop in Colorado.

Depending on if you wish to live in a large city or a small to mid-sized town, there are many great locations to live and start a franchise. Denver and its surrounding areas such as Aurora, Lakewood, Arvada, Centennial, and Littleton are an obvious choice for many people that enjoy city life and the potential business opportunities that a dense population provides. Mid-sized cities such as Colorado Springs, Fort Collins, and Boulder are other great places to run a business. Additionally, there are many other less populated communities in Colorado to choose from if small-town living is more your style.

What to Look For in a Colorado Franchise

Before jumping into franchise ownership in Colorado, there are some key details that you must consider. All of these factors should be researched, regardless of what type of franchise you decide to start.

• Location: Depending on the type of franchise you open, location will play a key role in your success. For franchises that require a physical store-front, you’ll want to make sure that the area you start the business in has enough demand for your business. Typically, areas with larger populations will be best for physical location franchises. If you are starting a franchise that can be run from home, it’s not as important where you decide to live and operate the business. With remote businesses, you can serve the needs of customers across the state while living where you wish.
• Industry: Before starting a franchise, you’ll want to make sure that the industry it’s in is poised for growth. Any successful business requires a sustained interest in and demand for your services and products. It’s also important to recognize which industry will keep you engaged and interested for the long run. If you rush into things without reflecting on your true interests, burnout is likely to happen.
• Support: Any franchise you choose to start should provide top-notch support in the form of training, marketing resources, coaching, and any other resources you will need to find success with your franchise.
• Proven: It’s important for you to work with a franchise that has a proven track record of successful franchisees. It’s a good idea to talk with other franchisees and get a feel for what their experience has been like and what kind of support they’ve received while building their business.
• Profitable: At the end of the day, profit is the one main driver for starting a business. It’s recommended to talk with the franchise you’re interested in and ask for an estimated earnings report or case studies that are relevant to the business you want to open. You can also ask other franchisees about their earnings if they feel comfortable releasing that information.

The Best Colorado Franchise Opportunities

1. P3 Cost Analysts: Best for Cost Reduction Consulting

• Minimum cash required: $59,500
• Work from home: Yes
• Training provided: Yes
• Financing assistance: Available through a third party

Starting a cost reduction consulting franchise with P3 Cost Analysts is a great way to help other businesses save money while growing a business in a lucrative industry. As a franchisee, you’ll aid businesses in reducing costs in categories such as waste management, telecom, uniform and linen services, copier/print, utilities, merchant processing, and property taxes.

P3 provides you with excellent support which includes over 150 years of industry expertise, business tools, training, and a proven marketing system to help you attract and retain clients for the long run.

2. Waxing the City: Best For Beauty Services

• Minimum cash required: $100,000
• Work from home: Part-time
• Training provided: Yes
• Financing assistance: Available through a third party

If joining the growing self-care industry interests you, starting a Waxing The City franchise could be a good fit for you. With the waxing industry projected to double by 2027, now is a great time to leverage this proven business model to serve customers in Colorado. By starting a franchise with Waxing The City, you’ll have access to its exclusive products, marketing support, studio design support, network of waxing specialists, and hands-on training.

3. GYMGUYZ: Best for Fitness Instruction

• Minimum cash required: $50,000
• Work from home: Yes
• Training provided: Yes
• Financing assistance: Available through a third party

Want to help people take control of their health and fitness from the comfort of their homes? If so, starting a GYMGUYZ franchise is an excellent opportunity. As a franchisee, you’ll manage a team of in-home personal trainers and grow a lucrative business without the need for a brick-and-mortar location. GYMGUYZ provides top-notch support through operations training, customer service training, payroll training, human resources training, and more.

4. Zoomin Groomin: Best for Pet Services

• Minimum cash required: $100,000
• Work from home: Yes
• Training provided: Yes
• Financing assistance: Available through a third party

For pet lovers in Colorado, starting a Zoomin Groomin franchise is a great way to build a business around your passion. Mobile pet grooming is a highly desirable service in today’s world and is showing no signs of slowing down. Franchisees will be able to leverage Zoomin Groomin’s proven marketing tools, community outreach programs, tech training, and referral networks to build a profitable business in this growing industry.

5. Hommati: Best for Real Estate Services

• Minimum cash required: $69,500
• Work from home: Yes
• Training provided: Yes
• Financing assistance: Available through a third party

The real estate industry is evolving and you can play a unique role in its evolution by starting a Hommati franchise. As a franchisee with Hommati, you’ll have the opportunity to provide 3D tours, aerial videos, virtual staging, and more to real estate agents across Colorado. All training is provided and you don’t need any formal real estate licensure to own a Hommati franchise. If real estate and engaging with new technology such as drones and augmented reality interests you, starting a Hommati franchise could be a great fit.

6. House Doctors: Best for Home Repair Services

• Minimum cash required: $50,000
• Work from home: Yes
• Training provided: Yes
• Financing assistance: Available through a third-party

If you want to serve the home improvement needs of both residential and commercial customers, starting a House Doctors franchise is a wonderful opportunity. The home services industry is among the fastest-growing markets in the USA and is poised for expansion in the years to come. As a franchisee, you’ll manage a team of contractors and technicians to serve your community, all from the comfort of your home. You’ll also receive the necessary training, mentorship, and resources to find success with your House Doctors franchise.

Start Your Own Franchise in Colorado Today

As we’ve seen, Colorado is a great place to open a franchise due to its strong economy, steady population growth, and quality of life. There are many excellent franchises that you can choose from and each serves customers in growing industries. Depending on your skill set, interests, and location you wish to live, one franchise might be a better fit than the others.

Potential business owners want to do work that is both profitable and rewarding. For these reasons, many franchisees decide to start a cost reduction consulting franchise with P3 Cost Analysts. Not only is the industry positioned for growth, but you get to truly make an impact on the businesses you serve.

If you’re interested in starting a P3 Cost Analysts franchise, contact us today at 1-877-843-7579 or fill out the form on our franchising page and we will answer any questions you have about the process and opportunity.