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Franchise Businesses Market: ZIP 07057

Opportunity Score

79 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 07057 is an urban area with high foot traffic. with a population of 11,825 and household incomes above the national median ($82,422).

11,825

Population

$82,422

Median Income

+11% vs. national

Urban

Area Type

15.3/20

Foot Traffic

Very Walkable

Median Age: 39.0 — mixed-age market, broad menu appeal.

College-Educated: 27.0% — balanced market for quality & value.

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

$1,780

2BR Fair Market Rent

$1,568

Median Gross Rent

$490 K

Median Home Value

Bank Branches

$580 K deposits

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.