Franchise Businesses Market: ZIP 84003
Opportunity Score
85
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 84003 is an urban area with moderate foot traffic. with a population of 55,259 and household incomes well above the national median ($120,262).
Area Profile
55,259
Population
$120,262
Median Income
+61% vs. national
Urban
Area Type
11.5/20
Foot Traffic
Walkable
Median Age: 27.5 —
young market, strong street food demand.
College-Educated: 27.1% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 84003.
71
Business Consultants
12.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,590
2BR Fair Market Rent
$1,692
Median Gross Rent
$580 K
Median Home Value
8
Bank Branches
$1.2 M deposits
Tips for Starting a Franchise Business in Utah
- 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.
- The median income here is $120,262. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 71
- Bank Branches
- 8
vs. National Average
Median Income
+61% vs. $74,580
Walkability
+1.0 pts vs. national avg
Nearby Markets
84004
3.5 mi
Pop: 10,272
$156,786
Walk: 9.9
84092
6.0 mi
Pop: 28,162
$153,333
Walk: 9.8
84062
6.1 mi
Pop: 47,489
$101,584
Walk: 9.9
84042
9.5 mi
Pop: 11,570
$104,840
Walk: 6.3
84121
10.0 mi
Pop: 39,204
$114,912
Walk: 13.8
84057
11.0 mi
Pop: 37,620
$80,184
Walk: 14.8
84097
11.5 mi
Pop: 22,024
$97,034
Walk: 14.3
84049
11.8 mi
Pop: 6,926
$140,500
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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