Franchise Businesses Market: ZIP 71118
Opportunity Score
53
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 71118 is an urban area with low foot traffic. with a population of 24,994 and household incomes near the national median ($56,952).
Area Profile
24,994
Population
$56,952
Median Income
-24% vs. national
Urban
Area Type
6.3/20
Foot Traffic
Car-Dependent
Median Age: 35.9 —
mixed-age market, broad menu appeal.
College-Educated: 12.4% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 71118.
4
Small Business Lenders
1.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,030
2BR Fair Market Rent
$1,009
Median Gross Rent
$170 K
Median Home Value
10
Bank Branches
$680 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
- 4
- Bank Branches
- 10
vs. National Average
Median Income
-24% vs. $74,580
Walkability
-4.2 pts vs. national avg
Nearby Markets
71108
3.6 mi
Pop: 19,012
$32,116
Walk: 7.2
71106
4.7 mi
Pop: 33,651
$77,724
Walk: 9.5
71109
5.2 mi
Pop: 17,292
$31,309
Walk: 7.4
71103
7.1 mi
Pop: 6,142
$27,958
Walk: 8.5
71105
7.8 mi
Pop: 20,351
$66,758
Walk: 8.5
71104
8.0 mi
Pop: 12,579
$53,481
Walk: 8.6
71078
8.0 mi
Pop: 7,713
$83,352
71129
8.5 mi
Pop: 12,395
$50,551
Walk: 6.3
Check Another Market
Or estimate costs with the FranchiseBudget calculator.
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