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Home ZIP 55118

Franchise Businesses Market: ZIP 55118

Opportunity Score
75 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 55118 is an urban area with moderate foot traffic. with a population of 29,396 and household incomes above the national median ($85,229).

Area Profile

29,396
Population
$85,229
Median Income
+14% vs. national
Urban
Area Type
12.6/20
Foot Traffic
Walkable
Median Age: 42.1 — older demographic, may prefer sit-down options.
College-Educated: 33.5% — balanced market for quality & value.

Competition

Franchise Businesses and related businesses in ZIP 55118.

7
Business Consultants
2.4 per 10K residents

Operating Costs

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

$1,550
2BR Fair Market Rent
$1,215
Median Gross Rent
$330 K
Median Home Value
10
Bank Branches
$1.1 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.

Data sources

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