FranchiseBudget
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Home ZIP 14623

Franchise Businesses Market: ZIP 14623

Opportunity Score
61 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 14623 is an urban area with low foot traffic. with a population of 25,689 and household incomes near the national median ($61,088).

Area Profile

25,689
Population
$61,088
Median Income
-18% vs. national
Urban
Area Type
10.0/20
Foot Traffic
Very Car-Dependent
Median Age: 25.3 — young market, strong street food demand.
College-Educated: 20.6% — value-focused market, keep prices competitive.

Competition

Franchise Businesses and related businesses in ZIP 14623.

5
Business Consultants
1.9 per 10K residents

Operating Costs

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

$1,570
2BR Fair Market Rent
$1,221
Median Gross Rent
$170 K
Median Home Value
10
Bank Branches
$1.9 M deposits

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.

Quick Facts

Area Type
Urban
Foot Traffic
Very Car-Dependent
Related Businesses
5
Bank Branches
10

vs. National Average

Median Income
-18% vs. $74,580
Walkability
-0.5 pts vs. national avg

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Data sources

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