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Home ZIP 02864

Franchise Businesses Market: ZIP 02864

Opportunity Score
84 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 02864 is an urban area with moderate foot traffic. with a population of 36,383 and household incomes well above the national median ($118,737).

Area Profile

36,383
Population
$118,737
Median Income
+59% vs. national
Urban
Area Type
10.8/20
Foot Traffic
Walkable
Median Age: 44.0 — older demographic, may prefer sit-down options.
College-Educated: 31.2% — balanced market for quality & value.

Competition

Franchise Businesses and related businesses in ZIP 02864.

3
Business Consultants
0.8 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,530
2BR Fair Market Rent
$1,251
Median Gross Rent
$390 K
Median Home Value
5
Bank Branches
$670 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 $118,737. 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