New Jersey Real Estate License Exam Practice Question
The broker is assisting someone who wishes to open a franchised coffee shop, selling lots of specialty coffees to eager consumers. Which of the following factors should the broker consider in locating the area which would best support this endeavor?
Correct Answer: D
Rationale: When opening a franchised coffee shop, understanding the target market is crucial. High disposable income in the demographics suggests consumers are more likely to spend on specialty coffees, directly impacting the shop's success.
Option A is incorrect; a lack of population density would hinder customer access and reduce potential sales. Option B, while important for logistics, is secondary to understanding the consumer base that drives sales. Option C focuses on physical land characteristics, which, while relevant, do not directly correlate with consumer spending habits essential for a specialty coffee shop's viability.
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