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Home ZIP 47905

Franchise Businesses Market: ZIP 47905

Opportunity Score
63 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 47905 is an urban area with moderate foot traffic. with a population of 42,109 and household incomes near the national median ($63,115).

Area Profile

42,109
Population
$63,115
Median Income
-15% vs. national
Urban
Area Type
10.7/20
Foot Traffic
Walkable
Median Age: 35.5 — mixed-age market, broad menu appeal.
College-Educated: 21.3% — value-focused market, keep prices competitive.

Competition

Franchise Businesses and related businesses in ZIP 47905.

5
Business Consultants
1.2 per 10K residents
4
Small Business Lenders
0.9 per 10K residents

Operating Costs

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

$1,150
2BR Fair Market Rent
$1,101
Median Gross Rent
$220 K
Median Home Value
15
Bank Branches
$1.1 M deposits

Tips for Starting a Franchise Business in Indiana

  • 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
Walkable
Related Businesses
9
Bank Branches
15

vs. National Average

Median Income
-15% vs. $74,580
Walkability
+0.2 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