Franchise Businesses Market: ZIP 48640
Opportunity Score
63
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 48640 is an urban area with low foot traffic. with a population of 32,630 and household incomes above the national median ($81,630).
Area Profile
32,630
Population
$81,630
Median Income
+9% vs. national
Urban
Area Type
6.4/20
Foot Traffic
Car-Dependent
Median Age: 40.1 —
older demographic, may prefer sit-down options.
College-Educated: 26.6% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 48640.
10
Business Consultants
3.1 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,090
2BR Fair Market Rent
$928
Median Gross Rent
$190 K
Median Home Value
14
Bank Branches
$980 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
- Related Businesses
- 10
- Bank Branches
- 14
vs. National Average
Median Income
+9% vs. $74,580
Walkability
-4.2 pts vs. national avg
Nearby Markets
48657
10.5 mi
Pop: 7,700
$74,964
Walk: 4.6
48642
10.9 mi
Pop: 33,770
$77,690
Walk: 7.0
48637
11.6 mi
Pop: 3,068
$63,900
Walk: 5.7
48628
13.2 mi
Pop: 1,920
$89,183
Walk: 3.4
48662
13.6 mi
Pop: 1,278
$69,112
48626
13.7 mi
Pop: 5,813
$81,961
Walk: 5.8
48615
14.5 mi
Pop: 2,812
$72,656
48623
14.7 mi
Pop: 15,126
$96,371
Walk: 8.5
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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