Franchise Businesses Market: ZIP 47247
Opportunity Score
4
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 47247 is an urban area.
Area Profile
165
Population
Urban
Area Type
Median Age: 50.7 —
older demographic, may prefer sit-down options.
College-Educated: 5.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,080
2BR Fair Market Rent
$840
Median Gross Rent
$120 K
Median Home Value
Tips for Starting a Franchise Business in Indiana
- 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
47274
7.0 mi
Pop: 32,786
$72,186
Walk: 6.0
47232
7.6 mi
Pop: 2,329
$81,875
Walk: 3.4
47201
9.8 mi
Pop: 48,602
$82,667
Walk: 9.2
47273
10.5 mi
Pop: 1,838
$79,015
Walk: 4.3
47203
12.4 mi
Pop: 25,106
$73,595
Walk: 7.1
47236
12.9 mi
Pop: 298
47244
16.8 mi
Pop: 570
$68,750
47220
17.0 mi
Pop: 6,070
$69,720
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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