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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: Farmington, MI 2024 | ||
| Data | Farmington, MI | Nationwide |
|---|---|---|
| Population | 11.33 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 1.763% | 0.5% |
| Median Household Income | $126,717 | $74,580 |
| Median Age | 37.76 | 38.9 |
| Residents per Business | 1 to 17 | 10 to 1 |
| Annual Household Expenditures | $581.66 million | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Explore the franchise listings below and take the first step towards a rewarding business venture.
Farmington, Michigan Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 2 |  | Wonder Family | Business Opportunities | $200,000 | |
| 3 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 4 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 5 |  | E-Commerce Future USA | Business Opportunities | $30,000 | |
| 6 |  | Automated Investments | Business Opportunities | $100,000 | |
| 7 |  | Executive Home Care | Senior Care Franchises | $50,000 | |
| 8 |  | Caring Senior Service | Senior Care Franchises | $100,000 | |
| 9 |  | BrightStar Care | Senior Care Franchises | $100,000 | |
| 10 |  | The Ecom Direct | Home Based Franchises | $30,000 |
Is Farmington Be the Right Place to Launch Your Franchise?
- What's the business landscape like in Farmington?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Farmington?
- How financially stable is the community?
- What makes Farmington a great fit for franchise owners?
Question:What's the business landscape like in Farmington?
Answer:Farmington is home to 5,299 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 5,747 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Farmington?
Answer:Absolutely. With a median rent of $1,126, franchise owners in Farmington 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 Farmington is $126,717, supporting a stable and engaged customer base.
Question:What makes Farmington a great fit for franchise owners?
Answer:With 5,501 housing units and a strong sense of community, Farmington 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.