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Showing results for ZIP 49780 (MI)
Home ZIP 70506

Franchise Businesses Market: ZIP 70506

Opportunity Score
59 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 70506 is an urban area with low foot traffic. with a population of 41,550 and household incomes near the national median ($55,553).

Area Profile

41,550
Population
$55,553
Median Income
-26% vs. national
Urban
Area Type
9.4/20
Foot Traffic
Very Car-Dependent
Median Age: 35.2 — mixed-age market, broad menu appeal.
College-Educated: 25.5% — balanced market for quality & value.

Competition

Franchise Businesses and related businesses in ZIP 70506.

4
Business Consultants
1.0 per 10K residents
11
Small Business Lenders
2.6 per 10K residents

Operating Costs

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

$1,070
2BR Fair Market Rent
$1,024
Median Gross Rent
$220 K
Median Home Value
7
Bank Branches
$600 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
Very Car-Dependent
Related Businesses
15
Bank Branches
7

vs. National Average

Median Income
-26% vs. $74,580
Walkability
-1.1 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