Franchise Businesses Market: ZIP 02906
Opportunity Score
87
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02906 is an urban area with high foot traffic. with a population of 26,327 and household incomes well above the national median ($102,796).
Area Profile
26,327
Population
$102,796
Median Income
+38% vs. national
Urban
Area Type
16.4/20
Foot Traffic
Very Walkable
Median Age: 35.8 —
mixed-age market, broad menu appeal.
College-Educated: 59.0% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 02906.
20
Business Consultants
7.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,140
2BR Fair Market Rent
$1,729
Median Gross Rent
$580 K
Median Home Value
9
Bank Branches
$1.1 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.
- The median income here is $102,796. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Walkable
- Related Businesses
- 20
- Bank Branches
- 9
vs. National Average
Median Income
+38% vs. $74,580
Walkability
+5.9 pts vs. national avg
Nearby Markets
02912
1.4 mi
Pop: 4,824
Walk: 15.7
02903
2.0 mi
Pop: 12,309
$62,987
Walk: 18.8
02860
2.1 mi
Pop: 47,372
$59,954
Walk: 15.4
02914
2.4 mi
Pop: 21,397
$60,838
Walk: 15.6
02916
2.5 mi
Pop: 8,725
$96,293
Walk: 15.0
02918
3.2 mi
Pop: 2,944
Walk: 15.4
02863
3.5 mi
Pop: 22,481
$45,921
Walk: 15.9
02908
3.5 mi
Pop: 39,661
$74,341
Walk: 15.1
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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