Franchise Businesses Market: ZIP 55347
Opportunity Score
79
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55347 is an urban area with low foot traffic. with a population of 30,467 and household incomes well above the national median ($152,850).
Area Profile
30,467
Population
$152,850
Median Income
+105% vs. national
Urban
Area Type
7.5/20
Foot Traffic
Car-Dependent
Median Age: 43.0 —
older demographic, may prefer sit-down options.
College-Educated: 47.3% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 55347.
21
Business Consultants
6.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,310
2BR Fair Market Rent
$2,020
Median Gross Rent
$490 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.
- The median income here is $152,850. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 21
vs. National Average
Median Income
+105% vs. $74,580
Walkability
-3.0 pts vs. national avg
Nearby Markets
55344
3.3 mi
Pop: 14,180
$89,590
Walk: 9.9
55346
3.7 mi
Pop: 18,602
$137,125
Walk: 8.4
55438
5.3 mi
Pop: 15,847
$103,488
Walk: 7.2
55345
6.2 mi
Pop: 21,255
$143,287
Walk: 10.2
55317
6.4 mi
Pop: 22,373
$133,573
Walk: 7.1
55379
6.7 mi
Pop: 49,084
$109,824
Walk: 9.2
55343
6.8 mi
Pop: 26,482
$82,415
Walk: 12.2
55439
6.9 mi
Pop: 9,475
$173,925
Walk: 7.7
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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