Franchise Businesses Market: ZIP 55454
Opportunity Score
50
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55454 is an urban area. with a population of 8,628 and household incomes below the national median ($26,429).
Area Profile
8,628
Population
$26,429
Median Income
-65% vs. national
Urban
Area Type
Median Age: 25.4 —
young market, strong street food demand.
College-Educated: 14.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,460
2BR Fair Market Rent
$947
Median Gross Rent
$180 K
Median Home Value
1
Bank Branches
$36 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.
- Median income sits at $26,429. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 1
vs. National Average
Median Income
-65% vs. $74,580
Nearby Markets
55455
0.6 mi
Pop: 5,243
Walk: 14.7
55415
1.0 mi
Pop: 6,474
$126,480
Walk: 15.7
55414
1.5 mi
Pop: 33,739
$47,004
Walk: 16.8
55404
1.5 mi
Pop: 28,071
$43,932
Walk: 15.7
55413
1.7 mi
Pop: 14,328
$84,252
Walk: 16.5
55402
1.9 mi
Pop: 760
$69,808
55401
2.0 mi
Pop: 11,526
$115,651
55407
2.7 mi
Pop: 36,992
$78,206
Walk: 14.5
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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