Franchise Businesses Market: ZIP 55304
Opportunity Score
77
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55304 is an urban area with low foot traffic. with a population of 49,452 and household incomes well above the national median ($127,145).
Area Profile
49,452
Population
$127,145
Median Income
+70% vs. national
Urban
Area Type
6.0/20
Foot Traffic
Car-Dependent
Median Age: 40.5 —
older demographic, may prefer sit-down options.
College-Educated: 25.0% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 55304.
14
Business Consultants
2.8 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,150
2BR Fair Market Rent
$1,628
Median Gross Rent
$400 K
Median Home Value
5
Bank Branches
$590 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 $127,145. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 14
- Bank Branches
- 5
vs. National Average
Median Income
+70% vs. $74,580
Walkability
-4.5 pts vs. national avg
Nearby Markets
55448
4.5 mi
Pop: 28,925
$95,610
Walk: 8.7
55434
5.7 mi
Pop: 33,133
$88,163
Walk: 11.9
55011
6.8 mi
Pop: 11,025
$126,957
Walk: 4.0
55433
7.0 mi
Pop: 34,423
$80,213
Walk: 11.6
55449
7.1 mi
Pop: 33,367
$128,750
Walk: 7.9
55444
10.0 mi
Pop: 17,428
$114,545
Walk: 10.9
55316
10.1 mi
Pop: 23,450
$115,719
Walk: 11.4
55443
10.3 mi
Pop: 33,318
$88,220
Walk: 9.4
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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