Franchises for Sale in Detroit, Michigan
Detroit, Michigan Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Apricot Lane | Retail Franchises | $80,000 | |
| 2 |  | Zoomin Groomin | Pet | $90,000 | |
| 3 |  | SiteSwan Website Builder | Business Opportunities | $149 | |
| 4 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 5 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 6 |  | The Learning Experience | Education | $150,000 | |
| 7 |  | FranServe - Become a Franchise Consultant! | Business Services Franchises | $50,000 | |
| 8 |  | Automated Investments | Business Opportunities | $100,000 | |
| 9 |  | Blue Moon Estate Sales | Retail Franchises | $60,000 | |
| 10 |  | Mathnasium Learning Centers | Education Franchises | $100,000 |
To gain comprehensive insights into Detroit, Michigan, consider these figures in the table below, which include demographic segments, household dynamics, and financial averages, all pivotal in assessing the viability and promise of your franchise endeavor.
| Detroit, Michigan Demographic Insights | ||
| Households (2023) | 256,359 | |
| Households (2028) | 248,559 | |
| Population (2023) | 637,871 | |
| Population (2028) | 608,631 | |
| Per capita Income (2023) | $24,399 | |
| Total Household Expenditures | $12,550,934,156 | |
| Total Retail Expenditures | $5,897,659,284 | |
| Average Household Income (2023) | $60,100 | |
| Average Household Income (2028) | $66,952 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
Detroit's automotive industry benefits from an average household income growth of 2.1% annually. With 46.8% of households having 1 vehicle available, there's a clear demand for automotive services in the city. Franchises that cater to car maintenance, repairs, or specialize in aftermarket parts could find significant market opportunities in Detroit.
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The food and beverage sector stands out with an annual expenditure of $1.87 billion in Detroit. The presence of a gap in the full-service restaurant market (potential sales exceeding actual sales by 11%) underscores a demand for quality dining experiences. The rise in the average household income to $60,100 in 2023 further supports the notion that residents might be inclined to dine out more frequently or explore different dining experiences.
The home services industry can capitalize on the increasing disposable income in Detroit for home improvements, evidenced by an average household income increase and 83.1% of housing units occupied. With a median home value of $111,345, there is potential for franchises offering renovation, landscaping, and maintenance services, especially considering the substantial market gap in furniture and home furnishing stores, with potential sales of $127.61 million far outpacing actual sales.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of December 23, 2024: