Franchise Businesses Market: ZIP 55376
Opportunity Score
72
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55376 is an urban area with low foot traffic. with a population of 19,317 and household incomes well above the national median ($130,917).
Area Profile
19,317
Population
$130,917
Median Income
+76% vs. national
Urban
Area Type
3.2/20
Foot Traffic
Very Car-Dependent
Median Age: 37.4 —
mixed-age market, broad menu appeal.
College-Educated: 28.7% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 55376.
7
Business Consultants
3.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,490
2BR Fair Market Rent
$2,038
Median Gross Rent
$360 K
Median Home Value
3
Bank Branches
$240 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 $130,917. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 7
- Bank Branches
- 3
vs. National Average
Median Income
+76% vs. $74,580
Walkability
-7.3 pts vs. national avg
Nearby Markets
55301
2.8 mi
Pop: 13,485
$131,157
55341
3.9 mi
Pop: 3,454
$147,903
55357
7.4 mi
Pop: 3,704
$147,256
55374
7.8 mi
Pop: 15,812
$152,239
Walk: 5.1
55373
8.8 mi
Pop: 5,725
$95,273
Walk: 6.0
55330
11.6 mi
Pop: 45,080
$111,481
Walk: 6.2
55313
11.7 mi
Pop: 24,862
$93,471
Walk: 9.9
55340
11.9 mi
Pop: 9,776
$174,120
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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