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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 7
- Bank Branches
- 10
vs. National Average
Median Income
+14% vs. $74,580
Walkability
+2.1 pts vs. national avg
Nearby Markets
55107
2.9 mi
Pop: 15,533
$78,125
Walk: 15.7
55102
2.9 mi
Pop: 19,565
$74,143
Walk: 16.7
55120
3.7 mi
Pop: 5,080
$111,900
Walk: 9.5
55155
4.0 mi
Pop: 0
Walk: 13.9
55101
4.0 mi
Pop: 7,937
$72,703
55075
4.1 mi
Pop: 20,651
$84,573
Walk: 13.4
55150
4.2 mi
Pop: 181
$108,750
Walk: 10.6
55116
4.9 mi
Pop: 26,099
$83,156
Walk: 14.2
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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