Franchise Costs Near Cranford, NJ (07016)
Opportunity Score
71
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 07016 is an urban area. with a population of 23,841 and household incomes well above the national median ($148,629). There are 3 franchise businesses operations in ZIP 07016.
Area Profile
23,841
Population
$148,629
Median Income
+99% vs. national
Urban
Area Type
Median Age: 42.9 —
older demographic, may prefer sit-down options.
College-Educated: 46.2% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 07016.
3
Franchise Businesses
Low competition — room to establish
1.3 per 10K residents
12
Business Consultants
5.0 per 10K residents
What this means:
Franchise Businesses are 20.0% of the relevant market in ZIP 07016 (3 vs. 12 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,116
Median Gross Rent
$640 K
Median Home Value
10
Bank Branches
$2 M deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Franchise Businesses
- 3
- Related Businesses
- 12
- Bank Branches
- 10
vs. National Average
Median Income
+99% vs. $74,580
Nearby Markets
Check Another Market
Or estimate costs with the FranchiseBudget calculator.
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits