Thinking of opening up your own franchise? Whatever you do, don’t go to these places.
Are you considering opening up your own franchise? If you are, don’t set up shop in these 10 cities.
More new businesses fail than succeed—that’s nearly common knowledge at this point. So to better your chances, it’s important to open your new business in an area where the odds are in your favor.
The new CNBC Metro 20: America’s Best Places to Start a Business ranking identified metro areas where the likelihood of business success is highest. For that ranking, CNBC reviewed data on the 107 largest metro areas in the United States.
Plagued by social, economic and government hurdles to success, here are the 10 cities that came in at the very bottom of that list:
10. Jackson, Mississippi
9. Albuquerque, New Mexico
8. Louisville, Kentucky
7. Providence, Rhode Island
6. Fresno, California
5. Santa Rosa, California
4. Allentown, Pennsylvania
3. San Bernardino, California
2. Modesto, California
1. Stockton, California