FranchiseBudget
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Home ZIP 55920

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

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Data sources

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