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Franchise Businesses Market: ZIP 98315

Opportunity Score

64 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 98315 is an urban area with low foot traffic. with a population of 5,931 and household incomes above the national median ($84,485).

5,931

Population

$84,485

Median Income

+13% vs. national

Urban

Area Type

6.5/20

Foot Traffic

Car-Dependent

Median Age: 22.6 — young market, strong street food demand.

College-Educated: 8.9% — value-focused market, keep prices competitive.

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

$2,660

2BR Fair Market Rent

$2,314

Median Gross Rent

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.