Franchise Businesses Market: ZIP 70003
Opportunity Score
61
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 70003 is an urban area with low foot traffic. with a population of 39,714 and household incomes above the national median ($76,151).
Area Profile
39,714
Population
$76,151
Median Income
+2% vs. national
Urban
Area Type
6.7/20
Foot Traffic
Car-Dependent
Median Age: 44.0 —
older demographic, may prefer sit-down options.
College-Educated: 24.3% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 70003.
5
Business Consultants
1.3 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,370
2BR Fair Market Rent
$1,191
Median Gross Rent
$260 K
Median Home Value
4
Bank Branches
$310 K deposits
Tips for Starting a Franchise Business in Louisiana
- 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
- Car-Dependent
- Related Businesses
- 5
- Bank Branches
- 4
vs. National Average
Median Income
+2% vs. $74,580
Walkability
-3.8 pts vs. national avg
Nearby Markets
70006
1.5 mi
Pop: 16,013
$74,049
70001
3.1 mi
Pop: 39,193
$70,187
70002
3.3 mi
Pop: 19,240
$65,576
70062
3.4 mi
Pop: 17,765
$55,293
Walk: 12.1
70123
3.5 mi
Pop: 27,209
$82,639
Walk: 8.5
70065
3.5 mi
Pop: 48,979
$65,899
Walk: 12.2
70121
4.4 mi
Pop: 10,853
$59,029
Walk: 10.0
70005
5.2 mi
Pop: 23,257
$86,048
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About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits