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Franchise Businesses Market: ZIP 07311

Opportunity Score

74 / 100 Good

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

Market Summary

ZIP 07311 is an urban area. with a population of 1,954 and household incomes well above the national median ($179,928).

1,954

Population

$179,928

Median Income

+141% vs. national

Urban

Area Type

Median Age: 30.2 — mixed-age market, broad menu appeal.

College-Educated: 85.4% — strong appetite for artisan/specialty food.

Franchise Businesses and related businesses in ZIP 07311.

Business Consultants

35.8 per 10K residents

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

$3,450

2BR Fair Market Rent

$3,501

Median Gross Rent

Bank Branches

$23 M 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.
The median income here is $179,928. That gives you pricing room most markets don't offer. Don't underprice.