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Showing results for ZIP 55987 (MN)
Home ZIP 61748

Franchise Businesses Market: ZIP 61748

Opportunity Score
82 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 61748 is an urban area. with a population of 2,612 and household incomes well above the national median ($125,690).

Area Profile

2,612
Population
$125,690
Median Income
+69% vs. national
Urban
Area Type
Median Age: 44.5 — older demographic, may prefer sit-down options.
College-Educated: 30.6% — balanced market for quality & value.

Operating Costs

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

$1,000
2BR Fair Market Rent
$1,146
Median Gross Rent
$220 K
Median Home Value
1
Bank Branches
$28 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.
  • The median income here is $125,690. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

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