ZIP 23851 — Business Opportunities
Franklin, VA · Local economy intelligence
Top business opportunities in 23851
The highest-scored business categories to consider opening in Franklin, VA,
based on demand (population, income, demographic fit) versus existing supply.
- 1. Laundromats 100/100
~1.0 businesses underserved · confidence: high
- 2. Childcare 95/100
~1.2 businesses underserved · confidence: high
- 3. Dancing School 88/100
~0.7 businesses underserved · confidence: low
- 4. Prep School 85/100
~0.6 businesses underserved · confidence: low
- 5. Driving School 85/100
~0.6 businesses underserved · confidence: low
- 6. Music School 84/100
~0.6 businesses underserved · confidence: low
- 7. Toys & Games 83/100
~0.6 businesses underserved · confidence: low
- 8. Auto Sales 80/100
~1.7 businesses underserved · confidence: high
- 9. Bicycle Parking 80/100
~1.0 businesses underserved · confidence: high
- 10. Parking 80/100
~4.2 businesses underserved · confidence: high
What's already here — existing business mix
The most common business categories currently operating in ZIP 23851.
- Religious — 16 businesses
- Fast Food — 11 businesses
- Restaurants — 10 businesses
- Schools — 8 businesses
- Fire Station — 4 businesses
- Gas Stations — 4 businesses
- Clothing & Apparel — 4 businesses
- Park — 3 businesses
- Variety Store — 3 businesses
- Hotels & Lodging — 3 businesses
- Grocery & Supermarkets — 3 businesses
- Convenience Stores — 3 businesses
- Estate Agent — 3 businesses
- Beauty & Nail Salons — 3 businesses
- Government Services — 2 businesses
Full demographic profile
| Population | 12,983 |
| Households | 5,370 |
| Median household income | $61,416 |
| Per capita income | $32,394 |
| Median age | 41.9 |
| % bachelor's degree or higher | 22.822% |
| % age 18–34 | 15.382% |
| % age 65+ | 14.48% |
| % renter-occupied | 32.93% |
| Median home value | $202,300 |
| Median gross rent | $930 |
| Unemployment rate | 5.823% |
Nearby ZIPs in VA
23060 Glen Allen · 23059 Glen Allen · 23056 Foster · 23055 Fork Union · 23050 Dutton · 23047 Doswell
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