Franchises for Sale in Detroit, Michigan
Detroit, Michigan Franchise Opportunities (and Businesses for Sale)
ComForCare’s reputation for home care is 100% best in class, according to ongoing ratings from clients, families and caregivers. ComForCare has developed unique, proactive and engaging programs, and has aligned ourselves…
50k Minimum Cash Required
ATAX Tax Service is your premier destination for comprehensive and reliable tax assistance.
40k Minimum Cash Required
Ready to join the future of online shopping? Our E-Commerce Future Partner Program is your ticket in! Experience hands-off Amazon stores that effortlessly generate passive returns every month, taking advantage of Amazon’s…
30k 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
VOTED TOP PART TIME - WORK AT HOME BUSINESS! Are You Looking to Make an Additional $100,000 in the Next 12 Months - No Employees to Hire - No Equipment to Rent/Buy - No Office/Warehouse to Rent/Lease - Start Making money in…
19,750 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 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.
Read MoreThe 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 October 24, 2024: