FranchiseBudget
Showing results for ZIP 24011 (VA)
Home ZIP 11951

Franchise Businesses Market: ZIP 11951

Opportunity Score
75 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 11951 is an urban area with low foot traffic. with a population of 15,830 and household incomes well above the national median ($108,877).

Area Profile

15,830
Population
$108,877
Median Income
+46% vs. national
Urban
Area Type
7.2/20
Foot Traffic
Car-Dependent
Median Age: 38.4 — mixed-age market, broad menu appeal.
College-Educated: 12.8% — value-focused market, keep prices competitive.

Operating Costs

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

$2,520
2BR Fair Market Rent
$2,313
Median Gross Rent
$320 K
Median Home Value

Tips for Starting a Franchise Business in New York

  • 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 $108,877. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits