Franchise Businesses Market: ZIP 24022
Opportunity Score
0
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 24022 is an urban area.
Area Profile
0
Population
Urban
Area Type
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,090
2BR Fair Market Rent
Tips for Starting a Franchise Business in Virginia
- 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.
Quick Facts
- Area Type
- Urban
Nearby Markets
24011
0.7 mi
Pop: 789
$55,882
24013
1.1 mi
Pop: 7,685
$53,070
Walk: 13.8
24016
1.5 mi
Pop: 9,828
$43,727
Walk: 14.9
24015
3.6 mi
Pop: 15,761
$69,840
Walk: 13.3
24012
3.8 mi
Pop: 28,734
$51,002
Walk: 14.1
24014
4.0 mi
Pop: 15,443
$65,089
Walk: 12.6
24017
4.2 mi
Pop: 24,565
$45,954
Walk: 12.4
24019
4.8 mi
Pop: 28,615
$75,329
Walk: 8.7
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About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits