Franchise Businesses Market: ZIP 56022
Opportunity Score
20
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 56022 is an rural area. with a population of 100 and household incomes near the national median ($62,813).
Area Profile
100
Population
$62,813
Median Income
-16% vs. national
Rural
Area Type
Median Age: 35.5 —
mixed-age market, broad menu appeal.
College-Educated: 0.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$940
2BR Fair Market Rent
$63 K
Median Home Value
1
Bank Branches
$19 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
-16% vs. $74,580
Nearby Markets
56019
5.6 mi
Pop: 767
$68,750
56120
7.2 mi
Pop: 925
$72,708
Walk: 5.6
56159
10.2 mi
Pop: 2,520
$65,089
Walk: 6.4
56081
14.7 mi
Pop: 6,092
$66,612
Walk: 8.1
56118
15.4 mi
Pop: 501
$89,076
56087
16.0 mi
Pop: 3,240
$64,566
Walk: 5.8
56056
17.9 mi
Pop: 60
$40,000
56162
18.8 mi
Pop: 263
$83,125
Walk: 3.8
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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