WXYZ-TV: Ann Arbor Named Among Best Places to Live in 2022-2023

According to a U.S. News & World Report, Ann Arbor ranked 11th on the Best Places to Live in the U.S. list. To make the top of the list, a city needed to have good value, be a desirable place to live, have a strong job market and have a high quality of life. Franchise consultant Carol Ward from FranNet, a leader in matching individuals with franchise ownership opportunities, explains that this ranking, as well as the growth in population, could result in more businesses opening and expanding in the city. Franchises specifically can thrive in the city.

“I think that we see really good things [happening for franchises],” said Ward. “This year, we actually have 15% growth in revenue in all of Michigan in franchise businesses. While the number of units that were open was about 1.5% more than the year before, we see that going even higher.”

Ward says that she is seeing more people beginning to take that calculated risk into franchising going into the new year. FranNet specializes in matching prospective business owners with national franchises so they can begin their businesses with support. The experts at FranNet, like Ward, use a profiling system as well as a consultative process to determine a business model unique to each client’s goals, skill sets and interests. Because of this, FranNet has matched thousands of business owners with franchise brands.

View the full interview here.