Top Franchises in Minnesota (MN)

Here are the best franchises for sale in Minnesota. Below is a list of essential demographic data, economic indicators, and insights into key industries that will help you plan out your next franchise venture in Minnesota.

Population per Square Mile71.7
Per Capita Income$44,947
Total Employer Establishments152, 836
Total Employment2.6 million
Total Retail Sales per Capita$16,518

Minnesota has a per capita income of $44,947 and a robust retail sales per capita at $16,518. With 152,836 total employer establishments and a total employment of 2.6 million, Minnesota's economic environment is favorable for franchising, offering a market with substantial workforce and consumer spending power.

Minnesota's economy has been stable with a real GDP growth rate of 2.2% in the first quarter of 2023. The state has a lower unemployment rate than the US average at 3.2%. Minnesota's GDP was $457.6 billion in goods and services per year in the first quarter of 2023, with the manufacturing sector being the largest contributor at $62.7 billion.

The manufacturing sector, particularly in advanced manufacturing, medical devices, machinery, and chemical products, is a significant contributor to Minnesota's economy. The technology sector is also noteworthy, with subsectors in software and computer services, life sciences, biotechnology, and renewable energy. Additionally, the retail trade sector and the medical devices industry play vital roles, the latter benefiting from the presence of major companies and boosting job creation and R&D activities​.

Cities and Industries

In Minneapolis, the home services industry is experiencing significant growth, driven by a housing landscape that includes a median home age of 60.9 years. The city's commitment to maintaining and upgrading residential properties is evident in its substantial shelter expenditure of $3.61 billion in 2023, making it an attractive market for home services providers. This expenditure encompasses various home-related expenses, such as home improvement, renovations, maintenance, and other essential services, offering ample opportunities for businesses to cater to the needs of Minneapolis residents.

In the realm of healthcare and wellness, Minneapolis boasts a thriving sector, supported by its affluent population with an average household income of $115,979. The city's dedication to health and well-being is reflected in an estimated annual healthcare expenditure of $1.38 billion in 2023. With residents prioritizing their health, the demand for healthcare facilities, home healthcare services, and wellness centers is on the rise.

With 62.4% of residents driving to work alone, Rochester demonstrates a strong reliance on personal vehicles for daily commuting. This preference for individual transportation is reinforced by the significant portion of monthly expenditure allocated to transportation, totaling $733.19 million. This data underscores the opportunity for the automotive industry, including car dealerships, repair services, and accessory retailers, to cater to the needs of Rochester's residents. The combination of high individual vehicle usage and substantial expenditure in this category indicates a promising market for automotive-related businesses.

Website Analytics

Minnesota presents a unique business opportunity for potential franchisees. With an average session duration of only 47 seconds on our website from Minnesota visitors, it's clear that the competition in the state is yet to fully tap into the potential of franchising. By considering a franchise opportunity in Minnesota, you can get ahead of the curve and secure your place in this untapped market. Don't miss out on the chance to be a pioneer in the world of franchising in Minnesota!

Franchise Opportunities

Uncover a range of businesses for sale in Minnesota by exploring the listings below.

See Franchises in Minnesota Now
Minnesota

Facts About Minnesota

Capital: St. Paul
Year of Statehood: 1854
Largest Cities: Minneapolis, St. Paul, Rochester
Motto: The Star of the North.
Nickname: Land of 10,000 Lakes
View Franchises Now

Franchising Economic Indicators in Minnesota

  • As of 2023, Minnesota was ranked fourth in the nation for overall quality of life in a study by CNBC.  (source)
  • Minnesota is ranked third in the nation for the number of Fortune 500 companies per capita. (source)
  • The state ranks fourth nationally in infrastructure.  (source)
  • Minnesota ranks as the sixth healthiest state and the second best state to raise a family. (source)

Franchise Opportunities in Minnesota

Today's busy lifestyles demand the services PostalAnnex+ offers. Capitalize on this demand and open your own business!! After retiring from the printing business PostalAnnex+ founder Jack Lentz began working out of his…

$ 70k Minimum Cash Required

We will build, manage, & scale a 100% done-for-you Amazon FBA E-Commerce business. Giving you truly hands-free passive income. Our company utilizes partnerships with established brands, & exclusive pricing with our vetted…

$ 50k Minimum Cash Required

My Business Venture gives you the ability to start an online business from your home. We provide you access up to 1 million products & you chose up to 2,000 you want to feature on your website! MBV’s 10% Price Guarantee on…

$ 3,995 Minimum Cash Required

VOTED TOP PART TIME - WORK AT HOME BUSINESS! Are You Looking to Make an Additional $100,000 in the Next 12 Months - No Employees to Hire - No Equipment to Rent/Buy - No Office/Warehouse to Rent/Lease - Start Making money in…

$ 30k Minimum Cash Required

Here at The UPS Store franchise, we know first-hand how important a healthy work-life balance is. When you become an owner of a The UPS Store, you are assisted with finding the right balance as you pursue your entrepreneurial…

$ 75k Minimum Cash Required

Crave is searching for franchise partners in the U.S. We are one of the fastest-growing Hot Dog franchises, winner of best southern BBQ, and expanding rapidly. If you want to own your own business and be your own boss, look…

$ 70k Minimum Cash Required

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Review our cookies information for more details.

We are asking for your phone number so the businesses you have requested more information from can call/text you to chat with you more about their opportunity. We do not share your phone number with anyone other than the specific businesses you are interested in learning more about.