Franchise Businesses Market: ZIP 55956
Opportunity Score
62
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55956 is an urban area. with a population of 2,046 and household incomes above the national median ($94,762).
Area Profile
2,046
Population
$94,762
Median Income
+27% vs. national
Urban
Area Type
Median Age: 44.5 —
older demographic, may prefer sit-down options.
College-Educated: 19.7% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,160
2BR Fair Market Rent
$1,121
Median Gross Rent
$310 K
Median Home Value
1
Bank Branches
$26 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.
Quick Facts
- Area Type
- Urban
- Bank Branches
- 1
vs. National Average
Median Income
+27% vs. $74,580
Nearby Markets
55991
7.7 mi
Pop: 1,474
$86,875
Walk: 4.0
55027
10.0 mi
Pop: 2,948
$92,857
55960
10.1 mi
Pop: 3,453
$122,120
55992
11.0 mi
Pop: 5,547
$103,144
Walk: 6.9
55963
12.3 mi
Pop: 5,473
$109,464
55901
14.5 mi
Pop: 58,260
$90,430
Walk: 7.6
55041
15.3 mi
Pop: 7,532
$83,673
Walk: 11.1
55906
15.3 mi
Pop: 20,080
$104,146
Walk: 9.7
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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