Franchise Businesses Market: ZIP 02886
Opportunity Score
77
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02886 is an urban area with moderate foot traffic. with a population of 30,925 and household incomes above the national median ($91,037).
Area Profile
30,925
Population
$91,037
Median Income
+22% vs. national
Urban
Area Type
12.5/20
Foot Traffic
Walkable
Median Age: 41.5 —
older demographic, may prefer sit-down options.
College-Educated: 26.9% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 02886.
7
Business Consultants
2.3 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,890
2BR Fair Market Rent
$1,300
Median Gross Rent
$330 K
Median Home Value
16
Bank Branches
$1.6 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
- 7
- Bank Branches
- 16
vs. National Average
Median Income
+22% vs. $74,580
Walkability
+2.0 pts vs. national avg
Nearby Markets
02920
4.6 mi
Pop: 36,332
$79,246
Walk: 16.0
02888
4.6 mi
Pop: 18,951
$88,750
Walk: 14.4
02818
4.6 mi
Pop: 19,869
$120,952
Walk: 11.2
02893
4.8 mi
Pop: 31,025
$73,903
Walk: 12.2
02910
5.2 mi
Pop: 23,406
$85,909
Walk: 14.8
02889
5.3 mi
Pop: 27,533
$85,617
Walk: 13.4
02921
5.9 mi
Pop: 12,673
$135,500
Walk: 10.0
02823
6.5 mi
Pop: 20
Check Another Market
Or estimate costs with the FranchiseBudget calculator.
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