FranchiseBudget
Showing results for ZIP 24382 (VA)
Home ZIP 62930

Franchise Businesses Market: ZIP 62930

Opportunity Score
57 / 100 Fair
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 62930 is an rural area with low foot traffic. with a population of 5,763 and household incomes near the national median ($54,094).

Area Profile

5,763
Population
$54,094
Median Income
-27% vs. national
Rural
Area Type
8.8/20
Foot Traffic
Car-Dependent
Median Age: 47.0 — older demographic, may prefer sit-down options.
College-Educated: 15.0% — value-focused market, keep prices competitive.

Operating Costs

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

$910
2BR Fair Market Rent
$655
Median Gross Rent
$91 K
Median Home Value
4
Bank Branches
$270 K deposits

Tips for Starting a Franchise Business in Illinois

  • 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
Foot Traffic
Car-Dependent
Bank Branches
4

vs. National Average

Median Income
-27% vs. $74,580
Walkability
-1.8 pts vs. national avg

Check Another Market

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Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits