Franchise Businesses Market: ZIP 55920
Opportunity Score
84
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55920 is an urban area with moderate foot traffic. with a population of 8,747 and household incomes well above the national median ($126,102).
Area Profile
8,747
Population
$126,102
Median Income
+69% vs. national
Urban
Area Type
10.7/20
Foot Traffic
Walkable
Median Age: 39.4 —
mixed-age market, broad menu appeal.
College-Educated: 30.7% —
balanced market for quality & value.
Competition
Franchise Businesses and related businesses in ZIP 55920.
3
Business Consultants
3.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,230
2BR Fair Market Rent
$1,085
Median Gross Rent
$360 K
Median Home Value
1
Bank Branches
$88 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 $126,102. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Walkable
- Related Businesses
- 3
- Bank Branches
- 1
vs. National Average
Median Income
+69% vs. $74,580
Walkability
+0.2 pts vs. national avg
Nearby Markets
Check Another Market
Or estimate costs with the FranchiseBudget calculator.
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