Franchise Businesses Market: ZIP 49024
Opportunity Score
68
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 49024 is an urban area with low foot traffic. with a population of 30,937 and household incomes above the national median ($86,427).
Area Profile
30,937
Population
$86,427
Median Income
+16% vs. national
Urban
Area Type
7.8/20
Foot Traffic
Car-Dependent
Median Age: 36.5 —
mixed-age market, broad menu appeal.
College-Educated: 34.2% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 49024.
8
Business Consultants
2.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,340
2BR Fair Market Rent
$1,208
Median Gross Rent
$250 K
Median Home Value
12
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
- 8
- Bank Branches
- 12
vs. National Average
Median Income
+16% vs. $74,580
Walkability
-2.8 pts vs. national avg
Nearby Markets
49008
4.0 mi
Pop: 16,488
$67,339
Walk: 7.6
49002
4.4 mi
Pop: 19,444
$71,621
Walk: 6.3
49001
5.6 mi
Pop: 21,313
$52,327
49006
6.2 mi
Pop: 25,888
$45,617
Walk: 6.8
49007
6.9 mi
Pop: 9,747
$39,309
Walk: 7.8
49087
6.9 mi
Pop: 6,074
$94,556
Walk: 5.9
49009
8.7 mi
Pop: 47,606
$82,364
49074
9.5 mi
Pop: 212
$21,563
Walk: 6.9
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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