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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 for Ann Arbor, Michigan | ||
| Data | Ann Arbor, MI | Nationwide |
|---|---|---|
| Population | 123.37 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -0.5561% | 0.5% |
| Median Household Income | $135,466 | $74,580 |
| Median Age | 27.31 | 38.9 |
| Residents per Business | 1 to 23 | 10 to 1 |
| Annual Household Expenditures | $4.31 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 |  | AAMCO Transmissions & Total Car Care | Auto Franchises | $90,000 | |
| 2 |  | FranServe - Become a Franchise Consultant! | Business Services Franchises | $50,000 | |
| 3 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 4 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 5 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 6 |  | The UPS Store | Printing Packing & Shipping | $75,000 | |
| 7 |  | Automated Investments | Business Opportunities | $100,000 | |
| 8 |  | Ace Handyman Services | Home Services & Repair Franchises | $70,000 | |
| 9 |  | FranDestiny | Business Services Franchises | $150,000 | |
| 10 |  | ClaimTek Systems | Financial Franchises | $20,000 |
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.