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Franchise Businesses Market: ZIP 23502

Opportunity Score

67 / 100 Good

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

Market Summary

ZIP 23502 is an urban area with moderate foot traffic. with a population of 19,836 and household incomes near the national median ($66,467).

19,836

Population

$66,467

Median Income

-11% vs. national

Urban

Area Type

12.3/20

Foot Traffic

Walkable

Median Age: 38.7 — mixed-age market, broad menu appeal.

College-Educated: 17.6% — value-focused market, keep prices competitive.

Franchise Businesses and related businesses in ZIP 23502.

Business Consultants

3.5 per 10K residents

Small Business Lenders

2.0 per 10K residents

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

$1,580

2BR Fair Market Rent

$1,335

Median Gross Rent

$240 K

Median Home Value

Bank Branches

$260 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.