Discover Minnesota's thriving business scene below. Our platform provides a comprehensive resource for franchise listings and essential business data in the state. If you are in search of your next business venture, you've come to the right place. Minnesota offers a wealth of business opportunities, and we're here to connect you with the information you need to make informed decisions and seize your moment.
Minnesota, with a population of approximately 5.7 million, over 2.2 million households, a median household income of $90,390, and a total of 526,350 small businesses, presents a dynamic environment for business opportunities.
The state continues to be a hub of private-sector innovation, supporting a high five-year startup survival rate. New business filings in Minnesota totaled 61,014 in 2022, with a significant portion being high-propensity applications, indicative of strong entrepreneurial interest.
Considering the economic and demographic context, Minnesota offers a promising landscape for franchises. The state's economy, strong entrepreneurial activity, and stable labor market create business opportunities for various franchise sectors, including agriculture, manufacturing, retail, healthcare, and technology.
Key Cities and Industries
St. Paul's food and beverage industry is ripe with potential for aspiring franchisees. With residents collectively spending a substantial $1.59 billion on dining annually, there's clear evidence of a robust demand for diverse culinary options. Additionally, St. Paul's residents have an estimated average household income of $115,357, projected to increase to $130,594 by 2028, providing a solid customer base willing to explore diverse culinary offerings.
Minneapolis has a median home value of $364,602. The city's housing market offers real business opportunities for real estate franchises. The population's historical annual growth of 1.3% from 2010 to 2020 suggests a steady influx of potential homebuyers. With a per capita income of $54,293, residents have the financial capacity to invest in real estate, making it an appealing market for property sales and investment services.
The aging homes in Minneapolis, with a median age of 61.1 years, point to a demand for maintenance and renovation services. Furthermore, the city's monthly household consumer expenditure of $6,586 includes significant allocations for shelter ($1,397) and home-related expenses. As the population continues to grow and the housing market evolves, businesses offering home improvement, repair, and maintenance services are well-positioned to cater to the needs of both homeowners and renters, ensuring sustained growth and success in Minneapolis.
Insights on Page Engagement
When exploring business opportunities, it's crucial for potential franchisees to stay ahead of the competition. Our data indicates a 68.29% bounce rate and an average session duration of one minute and 35 seconds from Minnesota visitors on our website. By spending more time on our website and utilizing our resources, you can outthink and outperform your competition. With access to valuable insights, you'll be better informed and better equipped to discover superior franchise opportunities.
Franchise Opportunities
Explore a range of business prospects awaiting acquisition in Minnesota as you browse through the listings featured below.
