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Franchise Businesses Market: ZIP 11516

Opportunity Score

89 / 100 Excellent

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

Market Summary

ZIP 11516 is an urban area with high foot traffic. with a population of 8,733 and household incomes well above the national median ($102,083).

8,733

Population

$102,083

Median Income

+37% vs. national

Urban

Area Type

17.8/20

Foot Traffic

Very Walkable

Median Age: 35.5 — mixed-age market, broad menu appeal.

College-Educated: 29.6% — balanced market for quality & value.

Franchise Businesses and related businesses in ZIP 11516.

Business Consultants

13.7 per 10K residents

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

$2,460

2BR Fair Market Rent

$2,204

Median Gross Rent

$820 K

Median Home Value

Bank Branches

$1.9 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 $102,083. That gives you pricing room most markets don't offer. Don't underprice.