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Franchise Businesses Market: ZIP 10916

Opportunity Score

98 / 100 Excellent

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

Market Summary

ZIP 10916 is an urban area. with a population of 4,531 and household incomes well above the national median ($115,227).

4,531

Population

$115,227

Median Income

+55% vs. national

Urban

Area Type

Median Age: 44.4 — older demographic, may prefer sit-down options.

College-Educated: 30.6% — balanced market for quality & value.

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

$1,910

2BR Fair Market Rent

$1,196

Median Gross Rent

$470 K

Median Home Value

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 $115,227. That gives you pricing room most markets don't offer. Don't underprice.