Franchise Businesses Market: ZIP 55105
Opportunity Score
88
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55105 is an urban area with moderate foot traffic. with a population of 27,470 and household incomes well above the national median ($108,200).
Area Profile
27,470
Population
$108,200
Median Income
+45% vs. national
Urban
Area Type
14.9/20
Foot Traffic
Very Car-Dependent
Median Age: 34.6 —
mixed-age market, broad menu appeal.
College-Educated: 50.2% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 55105.
17
Business Consultants
6.2 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,610
2BR Fair Market Rent
$1,240
Median Gross Rent
$450 K
Median Home Value
5
Bank Branches
$1.2 M 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.
- The median income here is $108,200. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 17
- Bank Branches
- 5
vs. National Average
Median Income
+45% vs. $74,580
Walkability
+4.4 pts vs. national avg
Nearby Markets
55104
1.3 mi
Pop: 45,777
$75,038
Walk: 15.3
55116
1.7 mi
Pop: 26,099
$83,156
Walk: 14.2
55114
3.0 mi
Pop: 4,655
$65,236
Walk: 15.1
55102
3.1 mi
Pop: 19,565
$74,143
Walk: 16.7
55108
3.3 mi
Pop: 15,339
$84,583
Walk: 15.6
55150
3.3 mi
Pop: 181
$108,750
Walk: 10.6
55111
3.5 mi
Pop: 100
55103
3.6 mi
Pop: 13,892
$47,872
Walk: 16.0
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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