Franchise Opportunities in Maryland (2024)
Maryland’s booming economy and strategic location make it a prime spot for franchise investments. Explore top opportunities across industries—from hotels to services—that offer proven growth, trusted brands, and support.
Table of Contents:
Introduction
In the thriving business landscape of Maryland, franchise opportunities are emerging as a promising and lucrative pathway for aspiring entrepreneurs. In 2023, the state’s growing economy, coupled with its strategic location and proximity to major markets, presents an optimal environment for franchise investment. From fast food to fitness, Maryland offers a diverse array of options to cater to various sectors and interests. As many established companies seek to expand their footprint in the region, investors have the unique opportunity to leverage well-known brands, benefit from proven business models, and gain access to dedicated support networks. In this article, we explore the top franchise opportunities in Maryland for 2023, considering various factors such as industry trends, financial requirements, and overall growth potential. Whether you’re a seasoned entrepreneur or a first-time investor, this guide will help you navigate the exciting world of franchising in Maryland.
Franchise Opportunities in Maryland (MD)
1. Fairfield Inn by Marriott
Founded in Bethesda, Maryland in 1977, Fairfield Inn by Marriott has become synonymous with comfortable and reliable lodging. Part of the internationally renowned Marriott brand, Fairfield Inn’s commitment to delivering top-tier service at an affordable price makes it one of the best franchise opportunities in Maryland. Offering franchisees the support and recognition of the Marriott name, Fairfield Inn by Marriott represents a remarkable investment opportunity. The figures below highlight the brand’s robust presence and growth potential.
- Total U.S. Locations: 1141
- Net Unit Growth (3 years): 141
- Initial Investment: $11,130,300-$31,334,600
- Royalty Fees: 5.5%
- Location: Bethesda, MD
2. Monster Tree Service
Established in Columbia, Maryland in 2006, Monster Tree Service is a well-respected brand in the tree service industry. With its focus on customer satisfaction, high-quality workmanship, and professional service, it’s no wonder that Monster Tree Service has quickly become one of the best franchise opportunities in Maryland. The franchise’s comprehensive range of services, including tree pruning, tree removal, stump grinding, and land clearing, appeal to a wide customer base, making it an attractive investment for potential franchisees. Below, you’ll find key figures showcasing Monster Tree Service’s robust market presence and growth potential.
- Total U.S. Locations: 250
- Net Unit Growth (3 years): 98
- Initial Investment: $399,035-$535,608
- Royalty Fees: 4.8%
- Location: Columbia, MD
3. SpringHill Suites by Marriott
Founded in Bethesda, Maryland in 1997, SpringHill Suites by Marriott has distinguished itself as a premier all-suite hotel brand. Offering spacious and stylish suites at an affordable price, SpringHill Suites has become a favorite among both business and leisure travelers. With the backing of the globally recognized Marriott name, SpringHill Suites by Marriott presents a stellar investment opportunity for those seeking to enter the hospitality industry. The following data underscores the strength and growth potential of this remarkable franchise, solidifying its position as one of the best franchise opportunities in Maryland.
- Total U.S. Locations: 532
- Net Unit Growth (3 years): 81
- Initial Investment: $12,116,300-$35,390,100
- Royalty Fees: 5.5%
- Location: Bethesda, MD
4. TownePlace Suites by Marriott
TownePlace Suites by Marriott is an extended-stay hotel brand that was established in Bethesda, Maryland in 1996. With its commitment to providing comfortable, customizable, and affordable accommodations for longer-term stays, TownePlace Suites has become a go-to choice for both business travelers and vacationing families. As part of the prestigious Marriott family of brands, TownePlace Suites by Marriott offers a compelling franchise opportunity, combining a well-respected name with a proven business model. As evidenced by the following data, TownePlace Suites is a strong performer in the hospitality industry and certainly deserves consideration among the best franchise opportunities in Maryland.
- Total U.S. Locations: 486
- Net Unit Growth (3 years): 75
- Initial Investment: $12,065,300-$35,489,100
- Royalty Fees: 5.5%
- Location: Bethesda, MD
5. America’s Swimming Pool Company
Established in Columbia, Maryland in 2006, America’s Swimming Pool Company is a leading provider of pool maintenance, repair, and renovation services across the United States. With a focus on professionalism and customer satisfaction, the company has established a strong reputation for quality service and has attracted a loyal customer base. As a franchisee, you’ll benefit from a proven business model, comprehensive training, and ongoing support.
- Total U.S. Locations: 361
- Net Unit Growth (3 years): 65
- Initial Investment: $84,395-$207,368
- Royalty Fees: 6%
- Location: Columbia, MD
6. Courtyard By Marriott
Founded in 1983 in Bethesda, Maryland, Courtyard By Marriott is a renowned hotel chain that offers a refreshing environment that helps guests stay connected and balanced. With its modern design and inviting atmosphere, Courtyard has positioned itself as one of the best franchise opportunities in Maryland. The franchise offers a broad spectrum of amenities such as a newly designed lobby, The Bistro – Eat. Drink. Connect., and the latest room design. As a franchisee, you’ll receive extensive training, marketing support, and the backing of a trusted brand. Let’s delve into why Courtyard By Marriott is a great franchise opportunity in Maryland.
- Total U.S. Locations: 1050
- Net Unit Growth (3 years): 62
- Initial Investment: $14,087,810-$38,276,610
- Royalty Fees: 6%
- Location: Bethesda, MD
7. Kiddie Academy
In 1981, Kiddie Academy was founded in Abington, Maryland, with the vision to provide children with life-enhancing educational opportunities. Specializing in educational childcare, Kiddie Academy offers programs for children from six weeks to twelve years old. The curriculum focuses on character education, technology education, and health & fitness experiences. With over 300 locations nationwide, it’s a reputable franchise with a lot of room for growth. Let’s delve into why Kiddie Academy is a top franchise opportunity in Maryland.
- Total U.S. Locations: 306
- Net Unit Growth (3 years): 59
- Initial Investment: $3,355,000-$6,770,000
- Royalty Fees: 7%
- Location: Abington, MD
8. Residence Inn By Marriott
Residence Inn By Marriott is a brand that has long been synonymous with comfort and convenience. Established in 1997 in Bethesda, Maryland, it has quickly become one of the best franchise opportunities in Maryland. Offering extended-stay lodging that includes a fully equipped kitchen and a complimentary breakfast, it’s no surprise that Residence Inn has been a favorite among business travelers, relocating families, and vacationers alike. With over 800 locations across the U.S., it offers a fantastic opportunity for those looking to invest in a well-established brand with a significant presence in the hotel industry. Let’s take a look at what makes Residence Inn By Marriott a standout franchise opportunity in Maryland.
- Total U.S. Locations: 849
- Net Unit Growth (3 years): 49
- Initial Investment: $14,897,810-$43,613,410
- Royalty Fees: 6%
- Location: Bethesda, MD
9. Comfort Suites
Comfort Suites, a Rockville, Maryland-based franchise, has become a household name in the hospitality industry. With its inception in 1963, it has been offering spacious and inviting accommodations for guests who seek the comforts of home while on the road. As one of the best franchise opportunities in Maryland, Comfort Suites offers investors a chance to be part of a brand that has consistently provided quality service and exceptional value for its guests. Here’s a closer look at what makes Comfort Suites a compelling franchise opportunity in Maryland.
- Total U.S. Locations: 1655
- Net Unit Growth (3 years): 46
- Initial Investment: $307,150-$11,956,491
- Royalty Fees: 6%
- Location: Rockville, MD
10. Comfort Inn
As a leading name in the hospitality industry, Comfort Inn has consistently provided guests with affordable and comfortable accommodations since its founding in 1963. Based in Rockville, Maryland, this franchise has grown to become one of the most well-recognized brands in the country. Aspiring entrepreneurs seeking the best franchise opportunities in Maryland should consider Comfort Inn, a brand that has stood the test of time by offering quality service and value to its guests. Let’s take a closer look at why Comfort Inn is a fantastic franchise opportunity in Maryland.
- Total U.S. Locations: 1655
- Net Unit Growth (3 years): 46
- Initial Investment: $307,150-$2,256,395
- Location: Rockville, MD
