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Franchise Businesses Market: ZIP 07062

Opportunity Score

77 / 100 Good

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

Market Summary

ZIP 07062 is an urban area with moderate foot traffic. with a population of 15,018 and household incomes above the national median ($92,711).

15,018

Population

$92,711

Median Income

+24% vs. national

Urban

Area Type

12.9/20

Foot Traffic

Walkable

Median Age: 36.2 — mixed-age market, broad menu appeal.

College-Educated: 20.1% — value-focused market, keep prices competitive.

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

$2,170

2BR Fair Market Rent

$1,794

Median Gross Rent

$370 K

Median Home Value

Bank Branches

$50 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.