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Franchise Businesses Market: ZIP 23024

Opportunity Score

88 / 100 Excellent

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

Market Summary

ZIP 23024 is an urban area. with a population of 10,770 and household incomes above the national median ($96,738).

10,770

Population

$96,738

Median Income

+30% vs. national

Urban

Area Type

Median Age: 43.8 — older demographic, may prefer sit-down options.

College-Educated: 24.0% — value-focused market, keep prices competitive.

Franchise Businesses and related businesses in ZIP 23024.

Business Consultants

3.7 per 10K residents

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

$1,160

2BR Fair Market Rent

$1,114

Median Gross Rent

$330 K

Median Home Value

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.