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Franchise Businesses Market: ZIP 61016

Opportunity Score

84 / 100 Excellent

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

Market Summary

ZIP 61016 is an urban area. with a population of 5,166 and household incomes above the national median ($92,865).

5,166

Population

$92,865

Median Income

+25% vs. national

Urban

Area Type

Median Age: 46.7 — older demographic, may prefer sit-down options.

College-Educated: 21.3% — value-focused market, keep prices competitive.

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

$1,060

2BR Fair Market Rent

$861

Median Gross Rent

$220 K

Median Home Value

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.