Franchise Businesses Market: ZIP 55424
Opportunity Score
87
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55424 is an urban area with moderate foot traffic. with a population of 10,373 and household incomes well above the national median ($241,875).
Area Profile
10,373
Population
$241,875
Median Income
+224% vs. national
Urban
Area Type
12.3/20
Foot Traffic
Walkable
Median Age: 41.9 —
older demographic, may prefer sit-down options.
College-Educated: 55.7% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 55424.
10
Business Consultants
9.6 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,180
2BR Fair Market Rent
$1,786
Median Gross Rent
$960 K
Median Home Value
1
Bank Branches
$490 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 $241,875. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 10
- Bank Branches
- 1
vs. National Average
Median Income
+224% vs. $74,580
Walkability
+1.8 pts vs. national avg
Nearby Markets
55410
2.0 mi
Pop: 20,361
$144,973
Walk: 14.4
55436
2.1 mi
Pop: 14,573
$132,487
Walk: 9.1
55435
2.2 mi
Pop: 13,698
$75,829
Walk: 14.0
55439
2.9 mi
Pop: 9,475
$173,925
Walk: 7.7
55416
3.1 mi
Pop: 34,905
$105,926
Walk: 15.0
55419
3.9 mi
Pop: 29,728
$143,254
Walk: 14.4
55426
4.4 mi
Pop: 25,451
$96,887
Walk: 13.5
55408
4.4 mi
Pop: 32,534
$72,421
Walk: 15.6
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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