Franchises for Sale in Farmington Hills, Michigan
Farmington Hills, Michigan Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Proper Ecom | Business Opportunities | $50,000 | |
| 2 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 3 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 4 |  | Automated Investments | Business Opportunities | $100,000 | |
| 5 |  | The UPS Store | Printing Packing & Shipping | $75,000 | |
| 6 |  | Zoomin Groomin | Pet | $90,000 | |
| 7 |  | Window Genie | Home Services & Repair Franchises | $50,000 | |
| 8 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 9 |  | Lightspeed Restoration | Home Services & Repair Franchises | $100,000 | |
| 10 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 |
To gain comprehensive insights into Farmington Hills, 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.
| Farmington Hills, Michigan Demographic Insights | ||
| Households (2024) | 35,838 | |
| Households (2029) | 35,212 | |
| Population (2024) | 82,859 | |
| Population (2029) | 81,557 | |
| Per capita Income (2024) | $58,231 | |
| Total Household Expenditures | $4,162,189,482 | |
| Total Retail Expenditures | $2,015,349,930 | |
| Average Household Income (2024) | $134,170 | |
| Average Household Income (2029) | $139,876 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Could Farmington Hills Be the Perfect Spot for Your Franchise?
- Is Farmington Hills a financially stable market for a franchise?
- How big is the customer base in Farmington Hills?
- What's the spending potential of Farmington Hills?
- Is there a workforce to support franchise operations?
- What about the financial stability of the community?
- How stable is the housing market in Farmington Hills?
- Why should I consider a franchise in Farmington Hills?
Is Farmington Hills a financially stable market for a franchise?
With a median household income of $103,249 and 22,222 owner-occupied homes, Farmington Hills reflects a community with stable earning potential and long-term investment in the area. Local spending habits, totaling $4.16 billion annually, highlight consistent demand for goods and services.
How big is the customer base in Farmington Hills?
Farmington Hills has 82,859 residents and 35,838 households, providing a solid customer base. With fewer competing businesses, franchises have greater opportunities to build strong brand loyalty and establish a trusted presence in the community.
What's the spending potential of Farmington Hills?
Residents contribute $4.16 billion annually in household expenditures. This suggests an opportunity to serve unmet needs or provide unique offerings tailored to the community.
Is there a workforce to support franchise operations?
Yes! Farmington Hills has 25,455 employed individuals, providing a dependable labor pool. With a strong sense of community and fewer competing employers, businesses often benefit from higher employee retention and a committed workforce.
What about the financial stability of the community?
With a median household income of $103,249, Farmington Hills offers a cost-effective market where franchises can succeed by offering affordable, value-driven options.
How stable is the housing market in Farmington Hills?
With 22,222 owner-occupied homes, Farmington Hills reflects a community invested in local growth, offering fertile ground for franchises that prioritize local engagement.
Why should I consider a franchise in Farmington Hills?
While the market is smaller, fewer competitors, lower operating costs, and strong community ties make Farmington Hills an ideal location for businesses offering essential services or niche products.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of February 22, 2025: