Franchises for Sale in Detroit, Michigan
Detroit, Michigan Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 2 |  | The UPS Store | Printing Packing & Shipping | $75,000 | |
| 3 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 4 |  | Zoomin Groomin | Pet | $90,000 | |
| 5 |  | Automated Investments | Business Opportunities | $100,000 | |
| 6 |  | Proper Ecom | Business Opportunities | $50,000 | |
| 7 |  | Aire Serv | Home Services & Repair Franchises | $50,000 | |
| 8 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 | |
| 9 |  | Window Genie | Home Services & Repair Franchises | $50,000 | |
| 10 |  | Poolwerx | Home Services & Repair Franchises | $80,000 |
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 (2024) | 268,751 | |
| Households (2029) | 261,736 | |
| Population (2024) | 663,150 | |
| Population (2029) | 646,779 | |
| Per capita Income (2024) | $24,200 | |
| Total Household Expenditures | $19,303,775,000 | |
| Total Retail Expenditures | $10,205,512,500 | |
| Average Household Income (2024) | $59,214 | |
| Average Household Income (2029) | $60,812 | |
| 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.
Could Detroit Be the Perfect Spot for Your Franchise?
- What's the demand for goods and services like in Detroit?
- How many people could my franchise potentially reach?
- Is the workforce in Detroit strong enough to support my franchise?
- Does Detroit have a financially stable community?
- What about the housing market? Does it reflect community stability?
- Why is Detroit a good location for a franchise?
What's the demand for goods and services like in Detroit?
Residents in Detroit spend $19.3 billion annually, demonstrating steady consumer demand and a strong market for franchise opportunities.
How many people could my franchise potentially reach?
With 663,150 residents and 268,751 households, your business can tap into a large, diverse, and growing customer base.
Is the workforce in Detroit strong enough to support my franchise?
Yes! With 128,387 employed individuals, Detroit offers a reliable labor market for hiring and business growth.
Does Detroit have a financially stable community?
Indeed. The median household income in Detroit is $40,745, reflecting a community that can afford a variety of franchise offerings.
What about the housing market? Does it reflect community stability?
Certainly. With 127,259 owner-occupied homes, Detroit showcases a stable and invested population with strong local ties.
Why is Detroit a good location for a franchise?
With a high-spending population, workforce availability, and strong economic stability, Detroit offers a high-potential market for franchise growth.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of February 22, 2025: