Detroit prides itself on having five professional sports teams, world-class museums, and a highly acclaimed orchestra. Featuring budget-friendly housing that brings the cost of living below the country’s average, Detroit contains great infrastructure for new businesses.
Famous for being the center of the US automotive industry for over a century, the transporting system of Detroit is all set to transform into a transportation hub soon. That’s good news for business enterprises to get raw materials, supplies, and finished goods in and out of the city constantly.
Low franchising cost
Detroit’s business tax structure and grant programs aimed at rebuilding the city make the region a lucrative, affordable area to start a venture. Although the auto sector declined, many small business investments showed a sharp rise. Ambitious business owners are tapping affordable housing and low-prices by starting their ventures in Detroit.
The New Economy initiative turned out to be a trump card for new ventures. It has invested substantially in Detroit business owners. The initiative offered help to more than 400 small businesses since 2008 (after the recession). SPARK Business Accelerator situated in the University of Michigan’s proximity has aided another 200 new ventures in the area.
The inborn qualities of local business owners strongly support the franchise-friendly nature of Detroit. Local entrepreneurs are cooperative and lend a helping hand to each other to thrive and grow. The collaborative effect exudes in most small business organizations in the city.
Choose a Detroit Franchise Consultant
By this point, you might have made up your mind to set up a franchise. However, don’t be in a hurry! You need a connected, professional franchise consultant who could guide you through your options and spot the right opportunity. A reliable franchise consultant will provide the much-needed info at your disposal and enrich the path to a successful franchise ownership. So, contact a reliable franchise consultant to get started.