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Franchise Businesses Market: ZIP 10516

Opportunity Score

85 / 100 Excellent

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

Market Summary

ZIP 10516 is an urban area with moderate foot traffic. with a population of 5,607 and household incomes well above the national median ($135,922).

5,607

Population

$135,922

Median Income

+82% vs. national

Urban

Area Type

11.4/20

Foot Traffic

Walkable

Median Age: 46.8 — older demographic, may prefer sit-down options.

College-Educated: 45.1% — strong appetite for artisan/specialty food.

Franchise Businesses and related businesses in ZIP 10516.

Business Consultants

10.7 per 10K residents

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

$2,480

2BR Fair Market Rent

$1,798

Median Gross Rent

$630 K

Median Home Value

Bank Branches

$180 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.
The median income here is $135,922. That gives you pricing room most markets don't offer. Don't underprice.