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Businesses for Sale | Lake Forest, Illinois

Discover business opportunities, in or around Lake Forest, with well-established brands, who are looking for people like you to help them grow.

As of the 2024 ACH Map Data, Lake Forest, located in The Prairie State had a total population of 19,627 people.

Top Franchise Opportunities in Lake Forest, Illinois on Franchise.com for 2025
Order Franchise Name Industry Name Available Capital
1Food & Restaurant$25,000
2Business Opportunities$30,000
3Pet Franchises$90,000
4Business Services$50,000
5Computer & Internet Franchises$10,000
6Financial Franchises$70,000
7Business Opportunities$100,000
8Home Services & Repair Franchises$50,000
9Retail Franchises$150,000
10Home Services & Repair Franchises$85,000

City Statistics and Other Information About Lake Forest

Demographics

From a total population of 19,627, Lake Forest has a median age of 48. The average age of males, in Lake Forest, is 44 while the average age of females is 51. When you compare the median age of men and women in Lake Forest, there is an average difference of 6.64 years.

Income

The median income of individuals, in Lake Forest, is $127,808 while the average household income is $214,744. In 2029, the average income per capita for Lake Forest is expected to be $127,808.

Additional Information

60045
Lake County

Is Lake Forest the Best Location for Franchise Opportunities and Growth?

What is the average income in Lake Forest?

The median household income in Lake Forest is $214,744, providing insight into the financial conditions of local residents and their ability to support businesses.

Is Lake Forest an affordable place to start a franchise?

With a median income of $214,744, Lake Forest presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.

How does Lake Forest's income compare to other locations?

The median income of $214,744 in Lake Forest is above the national median income of $80,610, influencing local consumer spending habits and franchise potential.

Does Lake Forest have a stable workforce to support my business?

Absolutely! With 5,293 employed individuals, Lake Forest offers a solid labor force to support franchise growth.

Is Lake Forest a growing economy?

With a workforce of 5,293 and a median household income of $214,744, Lake Forest provides a stable economic environment for new business opportunities.

Does homeownership in Lake Forest indicate a stable market?

Homeownership rates at 6,095 show a strong local investment in the community, which benefits long-term franchise success.

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