Top Franchises in Michigan (MI)

Franchise Opportunities in Michigan

Sky Zone Trampoline Park+

First on the scene and best in its class, Sky Zone created the world’s first wall-to-wall trampoline park in 2004, bringing healthy, high-flying fun to people across the globe. Now you can be part of this international…

500k Minimum Cash Required

The UPS Store

Here at The UPS Store franchise, we know first-hand how important a healthy work-life balance is. When you become an owner of a The UPS Store, you are assisted with finding the right balance as you pursue your entrepreneurial…

75k Minimum Cash Required

Zoomin Groomin

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…

90k Minimum Cash Required

CartCapital - Subscription Based E-Commerce Store

Did you know you could partner with a company to build out your entire e-commerce store, from product research to inventory acquisition to marketing? Yep! You can easily make 6-7 figures in passive income when we build your…

60k Minimum Cash Required

Mattress By Appointment

Get started for as little as $15,000. Make an investment in your future. No franchise fees, setup fees or training costs. 100% of your investment goes to your business. Do you need work that can fit around your family…

15k Minimum Cash Required

Batteries Plus

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

Popular Cities in Michigan

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Facts About Michigan

Capital:	Lansing
Year of Statehood:	1837
Largest Cities:	Detroit, Grand Rapids, Warren
Motto:	If you seek a pleasant peninsula, look about
Nickname:	Great Lakes State

Franchising Economic Indicators in Michigan

Michigan is ranked as the #1 economy in states with a population over 2 million according to Bloomberg. (source)
Michigan climbed 8 spots to #12 in Site Selection Magazine’s Top State Business Climate Rankings, reflecting strong job growth and leadership in advanced manufacturing. (source)
As of the first quarter of 2023, Michigan accounted for 2.4% of the US economy, ranking 14th in economy size among states and Washington, DC. (source)
The Tax Foundation gave Michigan's tax climate its best grade in a decade, ranking it at #11 on their annual State Business Tax Climate Index report. (source)

Here are the best franchises for sale in Michigan. Below is a list of essential demographic data, economic indicators, and insights into key industries that will help you plan out your next franchise venture in Michigan.

Population per Square Mile	178
Per Capita Income	$34,768
Total Employer Establishments	224,676
Total Employment	3.7 million
Total Retail Sales per Capita	$14,377

As the 14th largest economy in the United States, Michigan’s economic landscape in 2023 is a blend of promising growth. With a GDP that constitutes 2.4% of the national economy, Michigan is a significant contributor to the country's economic output, underscoring its importance as a business hub. The state's Gross State Product is expected to see a nominal increase of 5.2% over the previous year, despite an anticipated slight decline of 1.1% in inflation-adjusted terms, reflecting the dynamism and resilience of Michigan’s economy

Michigan's population density and per capita income of $34,768 create a substantial consumer base for businesses for sale. The state supports this with a total employer establishment count of 224,676 and a strong total employment of 3.7 million, indicating a robust workforce ready to fuel business growth. Moreover, the total retail sales of $143 million highlight Michigan’s substantial market size and consumer base.

The labor market is showing signs of significant recovery, with the number of unemployed individuals dropping by 6,300 from May to July 2023 compared to February 2020 levels. Looking forward, the state's jobless rate is projected to reduce to 4.5% by the end of 2023, signaling a return to pre-pandemic employment figures and suggesting a stable environment for new ventures.

Cities and Industries

In Ann Arbor, with 38.3% of the workforce operating from home, franchises in the home-based sector would be well-suited. With a total annual consumer expenditure of $6.08 billion, businesses that cater to a market with disposable income, like luxury goods or premium services, could find a receptive audience.

Grand Rapids presents unique business opportunities for franchises. The city's total annual consumer expenditure of $7.13 billion reflects robust spending power. Grand Rapids has a relatively young population, with a median age of 31.7 years, indicating a potential market for trendy, youth-oriented franchises, especially in tech and entertainment. The home ownership rate of 56.2% and a median home value of $181,400 imply enticing business opportunities for home improvement franchises.

Detroit boasts a high number of both businesses (8,959) and employees (143,029) indicating a market ripe for business services franchises. Additionally, Detroit's consumer expenditure in transportation alone amounts to $2.93 billion annually, a testament to the city's deep-rooted connection with the automotive sector. This substantial investment in transportation underscores the potential for automotive-related franchises, ranging from repair services to car dealerships, to thrive in this market.

Website Analytics

The data shows that 2.65% of our website users are from Michigan, but they exhibit a high bounce rate of 77.46%. Moreover, the average of 1.53 pages per session among Michigan visitors highlights a preliminary interest in business opportunities. This scenario presents an open market space for new franchisees, especially those that can align with the unique economic and cultural landscape of Michigan. By understanding and tapping into this gap, future franchisees can position themselves advantageously in a market where competition is currently not meeting the audience's needs.

Franchise Opportunities

Explore the wide array of franchise opportunities in Michigan by browsing our extensive listings below.