FranchiseBudget
Home ZIP 55405

Franchise Businesses Market: ZIP 55405

Opportunity Score
72 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 55405 is an urban area with moderate foot traffic. with a population of 16,915 and household incomes near the national median ($70,425).

Area Profile

16,915
Population
$70,425
Median Income
-6% vs. national
Urban
Area Type
14.0/20
Foot Traffic
Very Car-Dependent
Median Age: 31.4 — mixed-age market, broad menu appeal.
College-Educated: 43.1% — strong appetite for artisan/specialty food.

Competition

Franchise Businesses and related businesses in ZIP 55405.

9
Business Consultants
5.3 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,600
2BR Fair Market Rent
$1,188
Median Gross Rent
$450 K
Median Home Value
2
Bank Branches
$230 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.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits