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Home ZIP 62098

Franchise Businesses Market: ZIP 62098

Opportunity Score
16 / 100 Challenging
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 62098 is an rural area with low foot traffic. with a population of 38 and household incomes below the national median ($48,333).

Area Profile

38
Population
$48,333
Median Income
-35% vs. national
Rural
Area Type
5.8/20
Foot Traffic
Very Car-Dependent
Median Age: 64.5 — older demographic, may prefer sit-down options.
College-Educated: 0.0% — value-focused market, keep prices competitive.

Operating Costs

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

$940
2BR Fair Market Rent

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.
  • This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.

Data sources

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