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Franchise Businesses Market: ZIP 11024

Opportunity Score

92 / 100 Excellent

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

Market Summary

ZIP 11024 is an urban area with high foot traffic. with a population of 8,821 and household incomes well above the national median ($170,476).

8,821

Population

$170,476

Median Income

+129% vs. national

Urban

Area Type

15.6/20

Foot Traffic

Very Walkable

Median Age: 30.4 — mixed-age market, broad menu appeal.

College-Educated: 28.3% — balanced market for quality & value.

Franchise Businesses and related businesses in ZIP 11024.

Business Consultants

4.5 per 10K residents

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

$2,940

2BR Fair Market Rent

$2,467

Median Gross Rent

$1.6 M

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 $170,476. That gives you pricing room most markets don't offer. Don't underprice.