Franchise Businesses Market: ZIP 48306
Opportunity Score
76
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48306 is an urban area with low foot traffic. with a population of 27,831 and household incomes well above the national median ($165,545).
Area Profile
27,831
Population
$165,545
Median Income
+122% vs. national
Urban
Area Type
5.9/20
Foot Traffic
Very Car-Dependent
Median Age: 43.5 —
older demographic, may prefer sit-down options.
College-Educated: 47.5% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 48306.
21
Business Consultants
7.5 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,570
2BR Fair Market Rent
$1,645
Median Gross Rent
$520 K
Median Home Value
5
Bank Branches
$560 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.
- The median income here is $165,545. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 21
- Bank Branches
- 5
vs. National Average
Median Income
+122% vs. $74,580
Walkability
-4.6 pts vs. national avg
Nearby Markets
48363
3.5 mi
Pop: 7,434
$173,056
Walk: 6.1
48307
4.8 mi
Pop: 44,267
$105,118
Walk: 8.5
48309
5.4 mi
Pop: 30,254
$117,788
Walk: 7.0
48094
6.6 mi
Pop: 20,638
$96,781
Walk: 7.3
48316
6.6 mi
Pop: 28,355
$101,232
Walk: 7.5
48326
7.1 mi
Pop: 24,488
$79,468
Walk: 7.4
48367
7.8 mi
Pop: 4,548
$104,000
48095
7.8 mi
Pop: 5,682
$121,713
Walk: 6.4
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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