Franchise Businesses Market: ZIP 49345
Opportunity Score
63
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 49345 is an urban area with low foot traffic. with a population of 13,189 and household incomes above the national median ($84,918).
Area Profile
13,189
Population
$84,918
Median Income
+14% vs. national
Urban
Area Type
5.4/20
Foot Traffic
Very Car-Dependent
Median Age: 40.5 —
older demographic, may prefer sit-down options.
College-Educated: 19.1% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,240
2BR Fair Market Rent
$968
Median Gross Rent
$260 K
Median Home Value
3
Bank Branches
$340 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
- Very Car-Dependent
- Bank Branches
- 3
vs. National Average
Median Income
+14% vs. $74,580
Walkability
-5.1 pts vs. national avg
Nearby Markets
49321
5.8 mi
Pop: 15,759
$74,691
Walk: 8.2
49330
6.4 mi
Pop: 5,619
$74,484
49544
8.4 mi
Pop: 9,918
$69,706
Walk: 4.3
49318
9.4 mi
Pop: 1,484
$68,929
49403
10.6 mi
Pop: 2,477
$82,297
Walk: 3.9
49306
11.1 mi
Pop: 10,806
$104,618
49505
11.8 mi
Pop: 32,224
$71,692
Walk: 12.3
49504
11.9 mi
Pop: 40,402
$68,326
Walk: 14.2
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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