Franchise Businesses Market: ZIP 55356
Opportunity Score
100
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55356 is an urban area. with a population of 5,924 and household incomes well above the national median ($171,333).
Area Profile
5,924
Population
$171,333
Median Income
+130% vs. national
Urban
Area Type
Median Age: 44.4 —
older demographic, may prefer sit-down options.
College-Educated: 43.6% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 55356.
5
Business Consultants
8.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,110
2BR Fair Market Rent
$1,732
Median Gross Rent
$710 K
Median Home Value
1
Bank Branches
$130 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 $171,333. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Related Businesses
- 5
- Bank Branches
- 1
vs. National Average
Median Income
+130% vs. $74,580
Nearby Markets
55391
3.6 mi
Pop: 15,469
$170,115
Walk: 9.9
55384
5.2 mi
Pop: 1,869
$46,860
55340
5.8 mi
Pop: 9,776
$174,120
55447
6.6 mi
Pop: 21,001
$128,781
Walk: 11.1
55331
6.7 mi
Pop: 19,291
$160,029
Walk: 9.5
55446
7.2 mi
Pop: 27,627
$169,412
55364
7.4 mi
Pop: 13,959
$111,083
Walk: 8.6
55359
7.4 mi
Pop: 7,068
$129,508
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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