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The table below offers a collection of data aimed at giving potential franchisees a glimpse into their market landscape. Click Read More to delve deeper, uncovering additional information to assist you in making a well-informed decision. These insights are tailored to highlight the opportunities in your city as you consider a franchise purchase.
| Key Data Points: Ann Arbor, MI 2024 | ||
| Data | Ann Arbor, MI | Nationwide |
|---|---|---|
| Population | 122.64 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -0.1345% | 0.5% |
| Median Household Income | $125,000 | $74,580 |
| Median Age | 27.77 | 38.9 |
| Residents per Business | 1 to 23 | 10 to 1 |
| Annual Household Expenditures | $5.3 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
With an estimated average household income of $135,466 in 2023 and a projected increase to $144,992 by 2028, Ann Arbor presents an attractive market for high-end retail franchises. The city's significant disposable income, evidenced by a total annual consumer expenditure of $4.31 billion, of which $2.01 billion is retail expenditure, indicates a healthy consumer market with spending power. Apparel, with a total expenditure of $155.47 million, and furnishings and equipment at $154.01 million, are two sectors within retail that could be lucrative for new franchisees.
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The home services industry has potential in Ann Arbor, considering the high ownership rate with 56.5% of housing units being owner-occupied. The average household net worth stands at an impressive $674,056, indicating that homeowners might have the means for home improvements and maintenance services. With a median home value of $389,897 and a significant portion of homes built from 1970 to 1979 (16.1%), there is likely a demand for renovation, landscaping, and home maintenance services.
Finally, the food and beverage industry should not be overlooked, with Ann Arbor residents spending $622.43 million annually in this category. Franchises that offer a mix of quality, convenience, and a unique dining proposition could do well. This might include gourmet fast-casual restaurants, specialty coffee shops, or ethnic cuisine that caters to a diverse and sophisticated palate, reflecting the city's cosmopolitan demographic profile.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Ann Arbor, Michigan Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 2 |  | Building Kidz School | Child Related Franchises | $200,000 | |
| 3 |  | The Back Nine Golf | Sports & Recreation | $60,000 | |
| 4 |  | Wealth Automators | Computer & Internet Franchises | $60,000 | |
| 5 |  | E-Commerce Future USA | Business Opportunities | $30,000 | |
| 6 |  | SiteSwan Website Builder | Business Opportunities | $199 | |
| 7 |  | Automated Investments | Business Opportunities | $100,000 | |
| 8 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 | |
| 9 |  | Minuteman Press International | Printing, Copying, Shipping, Signs Franchises | $50,000 | |
| 10 |  | Zoomin Groomin | Pet Franchises | $90,000 |
Is Ann Arbor the Right Place to Launch Your Franchise?
- What's the business landscape like in Ann Arbor?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Ann Arbor?
- How financially stable is the community?
- What makes Ann Arbor a great fit for franchise owners?
Question:What's the business landscape like in Ann Arbor?
Answer:Ann Arbor is home to 51,307 businesses, meaning franchise owners can enter a market with less direct competition and a more localized customer base.
Question:Is there a reliable workforce for my franchise?
Answer:Yes! The city has 68,292 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Ann Arbor?
Answer:Absolutely. With a median rent of $1,320, franchise owners in Ann Arbor can benefit from lower real estate costs, making it easier to secure commercial space.
Question:How financially stable is the community?
Answer:The average household income in Ann Arbor is $125,000, supporting a stable and engaged customer base.
Question:What makes Ann Arbor a great fit for franchise owners?
Answer:With 53,231 housing units and a strong sense of community, Ann Arbor provides a stable market where franchises can establish long-term success.
At Franchise Ventures, we prioritize transparency and objectivity to empower your franchise decisions. Unlike brokers or franchisors, our motivations are unclouded by financial incentives tied to your choices. We don't earn based on the franchise you opt for, instead, our mission is to present you with impartial insights. Navigate through a realm of franchising opportunities with information you can trust.