Franchise Businesses Market: ZIP 55983
Opportunity Score
50
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55983 is an rural area. with a population of 1,671 and household incomes above the national median ($85,625).
Area Profile
1,671
Population
$85,625
Median Income
+15% vs. national
Rural
Area Type
Median Age: 38.2 —
mixed-age market, broad menu appeal.
College-Educated: 18.3% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$950
2BR Fair Market Rent
$620
Median Gross Rent
$280 K
Median Home Value
1
Bank Branches
$73 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.
- This is a rural ZIP. Your customer radius is wider, marketing costs are lower, but you'll work harder for each lead.
Quick Facts
- Area Type
- Rural
- Bank Branches
- 1
vs. National Average
Median Income
+15% vs. $74,580
Nearby Markets
55992
8.8 mi
Pop: 5,547
$103,144
Walk: 6.9
55946
10.1 mi
Pop: 3,366
$80,461
Walk: 4.0
55985
11.4 mi
Pop: 1,644
$84,853
Walk: 5.8
55963
12.1 mi
Pop: 5,473
$109,464
55009
13.8 mi
Pop: 8,258
$89,023
Walk: 9.5
55955
14.8 mi
Pop: 2,603
$129,079
55018
14.9 mi
Pop: 931
$91,071
55027
15.8 mi
Pop: 2,948
$92,857
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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