Franchises for Sale in Grand Rapids, Michigan
Grand Rapids, Michigan Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Zoomin Groomin | Pet | $90,000 | |
| 2 |  | The Learning Experience | Education | $150,000 | |
| 3 |  | FranServe - Become a Franchise Consultant! | Business Services Franchises | $50,000 | |
| 4 |  | Automated Investments | Business Opportunities | $100,000 | |
| 5 |  | SiteSwan Website Builder | Business Opportunities | $149 | |
| 6 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 7 |  | Apricot Lane | Retail Franchises | $80,000 | |
| 8 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 9 |  | Nekter Juice Bar | Food | $100,000 | |
| 10 |  | My Business Venture | Computer & Internet Franchises | $10,000 |
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 December 23, 2024: