Franchise Businesses Market: ZIP 02828
Opportunity Score
86
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02828 is an urban area. with a population of 7,058 and household incomes above the national median ($94,746).
Area Profile
7,058
Population
$94,746
Median Income
+27% vs. national
Urban
Area Type
Median Age: 50.9 —
older demographic, may prefer sit-down options.
College-Educated: 31.7% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 02828.
4
Business Consultants
5.7 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,600
2BR Fair Market Rent
$999
Median Gross Rent
$400 K
Median Home Value
7
Bank Branches
$610 K deposits
Tips for Starting a Franchise Business in Rhode Island
- 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
- Related Businesses
- 4
- Bank Branches
- 7
vs. National Average
Median Income
+27% vs. $74,580
Nearby Markets
02829
2.2 mi
Pop: 63
02917
3.2 mi
Pop: 15,068
$106,772
Walk: 8.9
02919
4.5 mi
Pop: 29,473
$87,811
Walk: 12.4
02857
6.3 mi
Pop: 8,095
$108,813
Walk: 5.7
02911
6.3 mi
Pop: 14,963
$85,803
Walk: 14.5
02896
6.8 mi
Pop: 11,683
$109,436
Walk: 8.8
02839
7.3 mi
Pop: 1,690
$100,906
02865
8.1 mi
Pop: 18,033
$117,042
Walk: 9.9
Check Another Market
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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