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Franchise Businesses Market: ZIP 60163

Opportunity Score

80 / 100 Excellent

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 60163 is an urban area. with a population of 5,205 and household incomes above the national median ($83,176).

5,205

Population

$83,176

Median Income

+12% vs. national

Urban

Area Type

Median Age: 37.0 — mixed-age market, broad menu appeal.

College-Educated: 14.6% — value-focused market, keep prices competitive.

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

$1,360

2BR Fair Market Rent

$1,292

Median Gross Rent

$220 K

Median Home Value

Bank Branches

$290 K deposits

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.