Franchise Businesses Market: ZIP 55718
Opportunity Score
76
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55718 is an urban area. with a population of 3,068 and household incomes above the national median ($98,448).
Area Profile
3,068
Population
$98,448
Median Income
+32% vs. national
Urban
Area Type
Median Age: 44.0 —
older demographic, may prefer sit-down options.
College-Educated: 20.4% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,010
2BR Fair Market Rent
$878
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
vs. National Average
Median Income
+32% vs. $74,580
Nearby Markets
55797
9.4 mi
Pop: 1,372
$88,203
55720
9.5 mi
Pop: 17,480
$66,399
Walk: 8.4
55733
10.8 mi
Pop: 5,180
$115,051
55707
11.4 mi
Pop: 3,207
$81,471
55749
12.9 mi
Pop: 539
$82,530
55780
13.7 mi
Pop: 245
$72,917
Walk: 2.6
55808
17.6 mi
Pop: 5,325
$59,808
Walk: 11.6
55810
17.7 mi
Pop: 8,305
$81,894
Walk: 9.9
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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