Franchise Businesses Market: ZIP 02841
Opportunity Score
54
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02841 is an urban area with moderate foot traffic.
Area Profile
1,414
Population
Urban
Area Type
14.2/20
Foot Traffic
Very Car-Dependent
Median Age: 24.7 —
young market, strong street food demand.
College-Educated: 31.5% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,210
2BR Fair Market Rent
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
- Foot Traffic
- Very Car-Dependent
vs. National Average
Walkability
+3.7 pts vs. national avg
Nearby Markets
02840
2.2 mi
Pop: 23,615
$83,515
Walk: 14.5
02835
3.3 mi
Pop: 5,545
$141,442
Walk: 10.3
02842
4.0 mi
Pop: 16,920
$97,650
Walk: 11.5
02872
6.2 mi
Pop: 105
$132,969
02871
7.3 mi
Pop: 17,635
$119,135
Walk: 10.4
02874
10.0 mi
Pop: 6,715
$155,099
Walk: 8.7
02852
10.6 mi
Pop: 23,269
$112,457
Walk: 9.2
02837
11.3 mi
Pop: 3,601
$129,750
Walk: 6.8
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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