Franchise Businesses Market: ZIP 55018
Opportunity Score
46
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55018 is an urban area. with a population of 931 and household incomes above the national median ($91,071).
Area Profile
931
Population
$91,071
Median Income
+22% vs. national
Urban
Area Type
Median Age: 50.3 —
older demographic, may prefer sit-down options.
College-Educated: 21.6% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,570
2BR Fair Market Rent
$1,337
Median Gross Rent
$320 K
Median Home Value
1
Bank Branches
$24 K deposits
Tips for Starting a Franchise Business in Minnesota
- 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
- Urban
- Bank Branches
- 1
vs. National Average
Median Income
+22% vs. $74,580
Nearby Markets
55053
7.2 mi
Pop: 995
$107,188
55009
9.0 mi
Pop: 8,258
$89,023
Walk: 9.5
55065
9.8 mi
Pop: 1,320
$116,500
Walk: 5.0
55946
10.8 mi
Pop: 3,366
$80,461
Walk: 4.0
55031
13.7 mi
Pop: 1,682
$113,654
55057
14.0 mi
Pop: 25,458
$97,521
Walk: 9.3
55983
14.9 mi
Pop: 1,671
$85,625
55024
18.1 mi
Pop: 36,681
$123,582
Walk: 7.3
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About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits