Franchise Businesses Market: ZIP 48198
Opportunity Score
63
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48198 is an urban area with moderate foot traffic. with a population of 39,507 and household incomes near the national median ($63,678).
Area Profile
39,507
Population
$63,678
Median Income
-15% vs. national
Urban
Area Type
10.4/20
Foot Traffic
Walkable
Median Age: 33.5 —
mixed-age market, broad menu appeal.
College-Educated: 22.7% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 48198.
5
Business Consultants
1.3 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,330
2BR Fair Market Rent
$1,197
Median Gross Rent
$180 K
Median Home Value
1
Bank Branches
$65 K deposits
Tips for Starting a Franchise Business in Michigan
- Franchise fees range from $10K to $100K+ depending on the brand. That's before buildout, equipment, or working capital. Read the FDD (Franchise Disclosure Document) line by line.
- Royalties run 4-8% of gross revenue. Every month. Forever. That's gross, not net. Factor this into your break-even math from day one.
- Talk to at least 10 existing franchisees before signing. The FDD lists every current and former franchisee. Call the ones who left. They'll be honest.
- Territory protection matters. Some franchises let other franchisees open 2 miles away. Verify your exclusive territory in writing.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 5
- Bank Branches
- 1
vs. National Average
Median Income
-15% vs. $74,580
Walkability
-0.1 pts vs. national avg
Nearby Markets
48197
6.7 mi
Pop: 65,911
$70,913
Walk: 9.8
48188
6.9 mi
Pop: 45,522
$118,037
Walk: 7.7
48170
7.3 mi
Pop: 40,573
$109,442
Walk: 8.8
48187
7.9 mi
Pop: 52,710
$117,980
Walk: 8.3
48105
8.4 mi
Pop: 36,959
$94,737
Walk: 12.1
48109
8.5 mi
Pop: 5,722
Walk: 14.6
48104
9.1 mi
Pop: 43,762
$63,341
Walk: 13.2
48111
9.2 mi
Pop: 44,193
$74,125
Walk: 7.6
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About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits