Franchise Businesses Market: ZIP 84116
Opportunity Score
69
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 84116 is an urban area with moderate foot traffic. with a population of 37,136 and household incomes near the national median ($69,604).
Area Profile
37,136
Population
$69,604
Median Income
-7% vs. national
Urban
Area Type
13.1/20
Foot Traffic
Walkable
Median Age: 32.2 —
mixed-age market, broad menu appeal.
College-Educated: 15.4% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 84116.
8
Business Consultants
2.2 per 10K residents
3
Small Business Lenders
0.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,540
2BR Fair Market Rent
$1,280
Median Gross Rent
$330 K
Median Home Value
3
Bank Branches
$160 K 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 11
- Bank Branches
- 3
vs. National Average
Median Income
-7% vs. $74,580
Walkability
+2.6 pts vs. national avg
Nearby Markets
84087
6.9 mi
Pop: 17,028
$122,201
Walk: 12.5
84054
7.7 mi
Pop: 22,201
$107,889
Walk: 11.8
84104
8.7 mi
Pop: 24,057
$61,326
Walk: 13.7
84180
10.9 mi
Pop: 0
84044
11.2 mi
Pop: 29,488
$87,516
Walk: 11.2
84128
11.2 mi
Pop: 32,072
$109,286
Walk: 10.5
84114
11.3 mi
Pop: 0
Walk: 15.2
84150
11.4 mi
Pop: 7
Walk: 15.3
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