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Franchise Businesses Market: ZIP 61602

Opportunity Score

12 / 100 Challenging

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

Market Summary

ZIP 61602 is an urban area. with a population of 977 and household incomes below the national median ($17,273).

977

Population

$17,273

Median Income

-77% vs. national

Urban

Area Type

Median Age: 44.1 — older demographic, may prefer sit-down options.

College-Educated: 31.9% — balanced market for quality & value.

Franchise Businesses and related businesses in ZIP 61602.

Business Consultants

61.4 per 10K residents

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

$1,160

2BR Fair Market Rent

$912

Median Gross Rent

$220 K

Median Home Value

Bank Branches

$1.5 M 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.
Median income sits at $17,273. Price sensitivity is real. Build your model around volume or keep overhead minimal.