Franchise Businesses Market: ZIP 55932
Opportunity Score
66
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55932 is an urban area. with a population of 2,080 and household incomes well above the national median ($102,727).
Area Profile
2,080
Population
$102,727
Median Income
+38% vs. national
Urban
Area Type
Median Age: 38.0 —
mixed-age market, broad menu appeal.
College-Educated: 21.8% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,040
2BR Fair Market Rent
$744
Median Gross Rent
$290 K
Median Home Value
1
Bank Branches
$37 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 $102,727. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 1
vs. National Average
Median Income
+38% vs. $74,580
Nearby Markets
55957
7.0 mi
Pop: 769
$80,000
55906
8.4 mi
Pop: 20,080
$104,146
Walk: 9.7
55964
9.7 mi
Pop: 4,453
$72,765
Walk: 13.0
55934
10.5 mi
Pop: 3,542
$87,645
Walk: 6.5
55991
11.2 mi
Pop: 1,474
$86,875
Walk: 4.0
55903
13.0 mi
Pop: 0
55901
14.6 mi
Pop: 58,260
$90,430
Walk: 7.6
55904
15.5 mi
Pop: 29,682
$76,434
Walk: 7.2
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