Franchise Businesses Market: ZIP 24076
Opportunity Score
30
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 24076 is an rural area. with a population of 1,242 and household incomes near the national median ($55,156).
Area Profile
1,242
Population
$55,156
Median Income
-26% vs. national
Rural
Area Type
Median Age: 40.3 —
older demographic, may prefer sit-down options.
College-Educated: 11.9% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$910
2BR Fair Market Rent
$120 K
Median Home Value
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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
vs. National Average
Median Income
-26% vs. $74,580
Nearby Markets
24120
6.0 mi
Pop: 1,608
$48,322
24053
7.8 mi
Pop: 2,461
$52,173
27053
9.8 mi
Pop: 3,187
$66,875
Walk: 4.1
24352
10.4 mi
Pop: 1,321
$47,750
27041
13.8 mi
Pop: 7,506
$68,328
Walk: 4.2
24171
15.2 mi
Pop: 7,713
$49,764
Walk: 4.7
27022
15.6 mi
Pop: 1,187
$41,645
27030
16.4 mi
Pop: 36,350
$47,213
Walk: 6.2
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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