Franchise Businesses Market: ZIP 48340
Opportunity Score
52
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48340 is an urban area with low foot traffic. with a population of 25,696 and household incomes below the national median ($46,474).
Area Profile
25,696
Population
$46,474
Median Income
-38% vs. national
Urban
Area Type
7.2/20
Foot Traffic
Car-Dependent
Median Age: 35.1 —
mixed-age market, broad menu appeal.
College-Educated: 9.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,260
2BR Fair Market Rent
$1,096
Median Gross Rent
$110 K
Median Home Value
3
Bank Branches
$140 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
- Car-Dependent
- Bank Branches
- 3
vs. National Average
Median Income
-38% vs. $74,580
Walkability
-3.4 pts vs. national avg
Nearby Markets
48342
2.1 mi
Pop: 17,227
$33,750
Walk: 7.3
48326
3.2 mi
Pop: 24,488
$79,468
Walk: 7.4
48341
3.2 mi
Pop: 19,060
$46,185
Walk: 8.1
48359
3.5 mi
Pop: 10,424
$94,618
Walk: 7.7
48320
5.4 mi
Pop: 4,257
$77,700
Walk: 9.5
48328
5.4 mi
Pop: 25,409
$69,788
Walk: 6.9
48360
5.5 mi
Pop: 12,250
$135,701
Walk: 6.5
48302
6.3 mi
Pop: 17,346
$175,698
Walk: 7.7
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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