Franchise Businesses Market: ZIP 55403
Opportunity Score
72
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55403 is an urban area with high foot traffic. with a population of 17,354 and household incomes near the national median ($59,928).
Area Profile
17,354
Population
$59,928
Median Income
-20% vs. national
Urban
Area Type
16.4/20
Foot Traffic
Very Walkable
Median Age: 34.3 —
mixed-age market, broad menu appeal.
College-Educated: 48.9% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 55403.
6
Business Consultants
3.5 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,660
2BR Fair Market Rent
$1,199
Median Gross Rent
$290 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.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Walkable
- Related Businesses
- 6
vs. National Average
Median Income
-20% vs. $74,580
Walkability
+5.9 pts vs. national avg
Nearby Markets
55402
1.0 mi
Pop: 760
$69,808
55405
1.2 mi
Pop: 16,915
$70,425
Walk: 14.0
55401
1.4 mi
Pop: 11,526
$115,651
55404
1.7 mi
Pop: 28,071
$43,932
Walk: 15.7
55415
1.9 mi
Pop: 6,474
$126,480
Walk: 15.7
55408
1.9 mi
Pop: 32,534
$72,421
Walk: 15.6
55411
2.3 mi
Pop: 29,719
$53,368
Walk: 14.0
55409
2.7 mi
Pop: 11,405
$98,056
Walk: 14.6
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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