Franchise Businesses Market: ZIP 55129
Opportunity Score
100
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55129 is an urban area. with a population of 32,016 and household incomes well above the national median ($152,500).
Area Profile
32,016
Population
$152,500
Median Income
+104% vs. national
Urban
Area Type
Median Age: 36.4 —
mixed-age market, broad menu appeal.
College-Educated: 43.9% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 55129.
18
Business Consultants
5.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,380
2BR Fair Market Rent
$1,888
Median Gross Rent
$520 K
Median Home Value
3
Bank Branches
$160 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.
- The median income here is $152,500. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 18
- Bank Branches
- 3
vs. National Average
Median Income
+104% vs. $74,580
Nearby Markets
55125
3.9 mi
Pop: 44,929
$118,129
Walk: 10.3
55001
5.2 mi
Pop: 2,956
$130,625
55016
5.4 mi
Pop: 39,925
$121,295
Walk: 7.8
55042
7.2 mi
Pop: 13,156
$154,779
Walk: 7.1
55055
7.3 mi
Pop: 4,460
$63,365
Walk: 7.9
55071
8.5 mi
Pop: 5,807
$98,945
Walk: 6.6
55119
8.7 mi
Pop: 44,068
$77,870
Walk: 11.7
55128
8.7 mi
Pop: 28,945
$89,642
Walk: 10.2
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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