Franchise Businesses Market: ZIP 02370
Opportunity Score
76
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02370 is an urban area with low foot traffic. with a population of 17,709 and household incomes well above the national median ($101,475).
Area Profile
17,709
Population
$101,475
Median Income
+36% vs. national
Urban
Area Type
9.5/20
Foot Traffic
Very Car-Dependent
Median Age: 39.8 —
mixed-age market, broad menu appeal.
College-Educated: 24.4% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 02370.
6
Business Consultants
3.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,550
2BR Fair Market Rent
$1,497
Median Gross Rent
$450 K
Median Home Value
2
Bank Branches
$950 K deposits
Tips for Starting a Franchise Business in Massachusetts
- 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.
- The median income here is $101,475. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 6
- Bank Branches
- 2
vs. National Average
Median Income
+36% vs. $74,580
Walkability
-1.1 pts vs. national avg
Nearby Markets
02351
3.4 mi
Pop: 17,008
$119,787
Walk: 9.5
02339
3.6 mi
Pop: 14,800
$174,821
Walk: 6.9
02190
4.0 mi
Pop: 19,029
$99,024
Walk: 8.8
02382
4.1 mi
Pop: 15,215
$107,794
Walk: 8.6
02189
5.9 mi
Pop: 15,231
$91,842
Walk: 13.1
02188
6.2 mi
Pop: 15,396
$102,236
02341
6.2 mi
Pop: 10,466
$112,457
Walk: 6.0
02343
6.2 mi
Pop: 11,267
$107,198
Walk: 7.7
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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