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Home ZIP 62401

Franchise Businesses Market: ZIP 62401

Opportunity Score
64 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 62401 is an suburban area with low foot traffic. with a population of 19,371 and household incomes above the national median ($76,098).

Area Profile

19,371
Population
$76,098
Median Income
+2% vs. national
Suburban
Area Type
7.8/20
Foot Traffic
Car-Dependent
Median Age: 40.2 — older demographic, may prefer sit-down options.
College-Educated: 20.2% — value-focused market, keep prices competitive.

Competition

Franchise Businesses and related businesses in ZIP 62401.

5
Business Consultants
2.6 per 10K residents
6
Small Business Lenders
3.1 per 10K residents

Operating Costs

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

$870
2BR Fair Market Rent
$722
Median Gross Rent
$200 K
Median Home Value
16
Bank Branches
$2.2 M 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.

Quick Facts

Area Type
Suburban
Foot Traffic
Car-Dependent
Related Businesses
11
Bank Branches
16

vs. National Average

Median Income
+2% vs. $74,580
Walkability
-2.8 pts vs. national avg

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Data sources

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