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Franchise Businesses Market: ZIP 55114

Opportunity Score

57 / 100 Fair

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 55114 is an urban area with high foot traffic. with a population of 4,655 and household incomes near the national median ($65,236). There are 3 franchise businesses operations in ZIP 55114.

Area Profile

4,655

Population

$65,236

Median Income

-13% vs. national

Urban

Area Type

15.1/20

Foot Traffic

Very Walkable

Median Age: 31.0 — mixed-age market, broad menu appeal.

College-Educated: 46.5% — strong appetite for artisan/specialty food.

Competition

Franchise Businesses and related businesses in ZIP 55114.

Franchise Businesses

Low competition — room to establish

6.4 per 10K residents

Business Consultants

15.0 per 10K residents

What this means: Franchise Businesses are 30.0% of the relevant market in ZIP 55114 (3 vs. 7 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

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

$1,940

2BR Fair Market Rent

$1,588

Median Gross Rent

$300 K

Median Home Value

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.