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Franchise Businesses Market: ZIP 31602

Opportunity Score

56 / 100 Fair

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

Market Summary

ZIP 31602 is an urban area with low foot traffic. with a population of 35,347 and household incomes near the national median ($55,980).

35,347

Population

$55,980

Median Income

-25% vs. national

Urban

Area Type

7.8/20

Foot Traffic

Car-Dependent

Median Age: 29.4 — young market, strong street food demand.

College-Educated: 18.3% — value-focused market, keep prices competitive.

Franchise Businesses and related businesses in ZIP 31602.

Business Consultants

1.4 per 10K residents

Small Business Lenders

1.1 per 10K residents

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

$1,210

2BR Fair Market Rent

$1,046

Median Gross Rent

$200 K

Median Home Value

Bank Branches

$2.4 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.