Named one of “2018’s best large cities to start a business” by WalletHub, Miami has a lot to offer its entrepreneurs. The city ranks high on the list for its business-friendly environment and access to resources. CNBC agrees, placing Miami third on its list and noting its high average annual revenue.
Miami businesses enjoy a large workforce in one of the most diverse cities in the US. The growing population also means a large number of consumers for local businesses. Because Miami is part of a greater metropolitan area including Fort Lauderdale and West Palm Beach, the potential consumer base extends well beyond Miami’s 460,000 residents. Miami consumers also include a large number of visitors (15.9 million in 2017).
Miami gives entrepreneurs the advantage of a large consumer base and high revenues. FranNet’s local experts know Miami and everything it has to offer. They’re ready to help you choose the best business to start in the Magic City.