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Franchise Businesses Market: ZIP 23487

Opportunity Score

74 / 100 Good

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

Market Summary

ZIP 23487 is an urban area. with a population of 6,238 and household incomes near the national median ($72,517).

6,238

Population

$72,517

Median Income

-3% vs. national

Urban

Area Type

Median Age: 42.9 — older demographic, may prefer sit-down options.

College-Educated: 13.0% — value-focused market, keep prices competitive.

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

$1,380

2BR Fair Market Rent

$1,014

Median Gross Rent

$240 K

Median Home Value

Bank Branches

$190 K deposits

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.