Franchise Businesses Market: ZIP 02842
Opportunity Score
77
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02842 is an urban area with moderate foot traffic. with a population of 16,920 and household incomes above the national median ($97,650).
Area Profile
16,920
Population
$97,650
Median Income
+31% vs. national
Urban
Area Type
11.5/20
Foot Traffic
Walkable
Median Age: 44.2 —
older demographic, may prefer sit-down options.
College-Educated: 36.4% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 02842.
3
Business Consultants
1.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,100
2BR Fair Market Rent
$1,906
Median Gross Rent
$540 K
Median Home Value
8
Bank Branches
$1.2 M 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
- Foot Traffic
- Walkable
- Related Businesses
- 3
- Bank Branches
- 8
vs. National Average
Median Income
+31% vs. $74,580
Walkability
+1.0 pts vs. national avg
Nearby Markets
02841
4.0 mi
Pop: 1,414
Walk: 14.2
02840
4.2 mi
Pop: 23,615
$83,515
Walk: 14.5
02871
4.9 mi
Pop: 17,635
$119,135
Walk: 10.4
02872
6.4 mi
Pop: 105
$132,969
02835
7.3 mi
Pop: 5,545
$141,442
Walk: 10.3
02837
7.3 mi
Pop: 3,601
$129,750
Walk: 6.8
02878
8.8 mi
Pop: 16,260
$99,542
Walk: 8.3
02809
10.9 mi
Pop: 22,317
$96,005
Walk: 12.4
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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