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Home ZIP 02835

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.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits