Franchise Businesses Market: ZIP 02835
Opportunity Score
84
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02835 is an urban area with moderate foot traffic. with a population of 5,545 and household incomes well above the national median ($141,442).
Area Profile
5,545
Population
$141,442
Median Income
+90% vs. national
Urban
Area Type
10.3/20
Foot Traffic
Walkable
Median Age: 59.4 —
older demographic, may prefer sit-down options.
College-Educated: 57.3% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 02835.
4
Business Consultants
7.2 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,350
2BR Fair Market Rent
$1,932
Median Gross Rent
$750 K
Median Home Value
1
Bank Branches
$130 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.
- The median income here is $141,442. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 4
- Bank Branches
- 1
vs. National Average
Median Income
+90% vs. $74,580
Walkability
-0.2 pts vs. national avg
Nearby Markets
02841
3.3 mi
Pop: 1,414
Walk: 14.2
02840
4.7 mi
Pop: 23,615
$83,515
Walk: 14.5
02874
6.6 mi
Pop: 6,715
$155,099
Walk: 8.7
02872
7.2 mi
Pop: 105
$132,969
02842
7.3 mi
Pop: 16,920
$97,650
Walk: 11.5
02852
7.8 mi
Pop: 23,269
$112,457
Walk: 9.2
02882
9.1 mi
Pop: 12,984
$95,794
Walk: 12.5
02871
9.8 mi
Pop: 17,635
$119,135
Walk: 10.4
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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