Franchise Businesses Market: ZIP 98007
Opportunity Score
91
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 98007 is an urban area with moderate foot traffic. with a population of 26,838 and household incomes well above the national median ($126,814).
Area Profile
26,838
Population
$126,814
Median Income
+70% vs. national
Urban
Area Type
14.2/20
Foot Traffic
Very Car-Dependent
Median Age: 32.7 —
mixed-age market, broad menu appeal.
College-Educated: 50.8% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 98007.
13
Business Consultants
4.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$3,160
2BR Fair Market Rent
$2,276
Median Gross Rent
$930 K
Median Home Value
8
Bank Branches
$1.6 M deposits
Tips for Starting a Franchise Business in Washington
- 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 $126,814. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 13
- Bank Branches
- 8
vs. National Average
Median Income
+70% vs. $74,580
Walkability
+3.7 pts vs. national avg
Nearby Markets
98005
1.6 mi
Pop: 21,929
$158,396
Walk: 13.5
98008
2.3 mi
Pop: 27,138
$175,242
Walk: 13.5
98004
4.2 mi
Pop: 39,435
$176,367
Walk: 12.7
98006
4.2 mi
Pop: 40,770
$197,344
Walk: 13.1
98052
5.0 mi
Pop: 79,074
$164,848
Walk: 12.5
98033
5.5 mi
Pop: 40,662
$174,005
Walk: 14.1
98039
6.8 mi
Pop: 2,889
$249,688
Walk: 12.3
98074
6.9 mi
Pop: 30,850
$234,013
Walk: 9.2
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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