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Home ZIP 02906

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.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits