Franchises for Sale in Grand Rapids, Michigan
Grand Rapids, Michigan Franchise Opportunities (and Businesses for Sale)
Sniffing around for a great new opportunity? Zoomin Groomin is expanding our Mobile Pet Grooming business nationwide. Set your own schedule, be your own boss and work with pets all day. We’ll be right by your side, every…
100k Minimum Cash Required
American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. $100k Potential working from anywhere, full-time or part-time. Learn more about this…
30k Minimum Cash Required
Automated Investments is the pillar of e-Commerce automation. Automated Investments build and operate profitable and hands off Amazon FBA (Fulfilled-By-Amazon) businesses for their clients and investors. While the clients and…
100k Minimum Cash Required
Today's busy lifestyles demand the services PostalAnnex offers. Capitalize on this demand and open your own business!! After retiring from the printing business PostalAnnex founder Jack Lentz began working out of his…
70k Minimum Cash Required
Own a business that provides you the opportunity to help veterans, seniors, the disabled, caregivers, and others in your community. Keep them mobile by offering mobility products and equipment. Join Mobility Plus and start…
50k Minimum Cash Required
Over 30 years of consistent growth. Ongoing support. Multiple revenue streams. Whether you’re looking into owning your very first store, or you’re interested in adding to your existing franchise portfolio, Batteries Plus…
100k Minimum Cash Required
To gain comprehensive insights into Grand Rapids, 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.
| Grand Rapids, Michigan Demographic Insights | ||
| Households (2023) | 79,416 | |
| Households (2028) | 75,870 | |
| Population (2023) | 195,522 | |
| Population (2028) | 187,693 | |
| Per capita Income (2023) | $36,808 | |
| Total Household Expenditures | $5,157,800,774 | |
| Total Retail Expenditures | $2,432,228,565 | |
| Average Household Income (2023) | $89,450 | |
| Average Household Income (2028) | $101,705 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
The demand for healthcare and senior care franchises in Grand Rapids is bolstered by the annual healthcare expenditure of $435.52 million, coupled with a significant index gap of 15% for health and personal care stores, indicating a potential of $87.35 million over the actual sales of $74.27 million. This reveals not just a current demand but also room for growth, which franchises that offer in-home care, assisted living, or specialized healthcare services could take advantage of.
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The robust food and beverage spending in Grand Rapids, totaling $761.77 million annually, shows the city's considerable appetite for dining. This spending power, with an average household income of $89,450 and a median household income of $66,642, presents an excellent opportunity for food franchises.
With over 79,416 households and a homeowner occupancy rate of 94.6%, Grand Rapids displays a solid foundation for home service franchises. There is a notable opportunity gap in the Building Materials, Garden Equipment and Supplies Dealers sector, with a potential of $130.9 million against actual sales of $91.95 million, revealing a 30% potential over actual sales. Franchises that provide home improvements, maintenance, and landscaping services are well-positioned to meet the considerable household operations annual expenditure of $202.2 million.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of November 22, 2024: