Franchise Businesses Market: ZIP 29340
Opportunity Score
47
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 29340 is an suburban area with low foot traffic. with a population of 21,394 and household incomes below the national median ($42,359).
Area Profile
21,394
Population
$42,359
Median Income
-43% vs. national
Suburban
Area Type
5.4/20
Foot Traffic
Very Car-Dependent
Median Age: 41.4 —
older demographic, may prefer sit-down options.
College-Educated: 7.9% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 29340.
4
Small Business Lenders
1.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$930
2BR Fair Market Rent
$773
Median Gross Rent
$110 K
Median Home Value
3
Bank Branches
$230 K deposits
Tips for Starting a Franchise Business in South Carolina
- 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.
- Median income sits at $42,359. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Suburban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 4
- Bank Branches
- 3
vs. National Average
Median Income
-43% vs. $74,580
Walkability
-5.1 pts vs. national avg
Nearby Markets
29717
9.6 mi
Pop: 1,585
$66,186
29372
9.9 mi
Pop: 3,440
$52,613
Walk: 2.8
29353
10.7 mi
Pop: 3,627
$66,045
29373
11.3 mi
Pop: 293
$71,875
29743
11.8 mi
Pop: 1,880
$71,895
29702
12.6 mi
Pop: 9,855
$50,867
Walk: 6.2
29341
13.4 mi
Pop: 19,564
$55,631
Walk: 7.5
29742
15.1 mi
Pop: 2,358
$42,005
Walk: 2.3
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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