FranchiseBudget
Showing results for ZIP 56594 (MN)
Home ZIP 02543

Franchise Businesses Market: ZIP 02543

Opportunity Score
37 / 100 Challenging
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 02543 is an urban area with low foot traffic. with a population of 810 and household incomes near the national median ($73,611).

Area Profile

810
Population
$73,611
Median Income
-1% vs. national
Urban
Area Type
8.4/20
Foot Traffic
Car-Dependent
Median Age: 68.5 — older demographic, may prefer sit-down options.
College-Educated: 82.1% — strong appetite for artisan/specialty food.

Operating Costs

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

$1,960
2BR Fair Market Rent
$1,206
Median Gross Rent
$910 K
Median Home Value
1
Bank Branches
$25 K deposits

Tips for Starting a Franchise Business in ZIP 02543

  • 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.

Data sources

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