{
  "name": "Minneapolis Restaurant Profit Margin Benchmarks",
  "description": "Gross margin, net margin, cost-share, labor, and market-size benchmarks for independent restaurants in Minneapolis, Minnesota. Ranges are planning benchmarks for owner-operated businesses, not forecasts.",
  "version": "2026 city benchmark edition",
  "city": "Minneapolis",
  "state": "Minnesota",
  "industry": "Restaurant",
  "reviewStatus": "screening",
  "coverage": "Independent restaurant operators in Minneapolis, Minnesota; national chains, franchise groups, and multi-unit operators excluded unless noted",
  "dataCompiledAt": "2026-06-22",
  "sourcesVerifiedAt": "2026-09-27",
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "sourcePage": "https://hustlefin.com/benchmarks/restaurant/city/minneapolis/",
  "citation": "HustleFin (2026). Minneapolis Restaurant Profit Margin Benchmarks. Retrieved from https://hustlefin.com/benchmarks/restaurant/city/minneapolis/",
  "metrics": [
    {
      "key": "gross_margin_pct",
      "label": "Gross margin",
      "unit": "percent",
      "low": 55,
      "average": 62,
      "high": 67
    },
    {
      "key": "net_margin_pct",
      "label": "Net margin",
      "unit": "percent",
      "low": 0,
      "average": 3,
      "high": 5
    },
    {
      "key": "labor_cost_pct",
      "label": "Labor cost (% of revenue)",
      "unit": "percent",
      "low": 29,
      "average": 34,
      "high": 37
    },
    {
      "key": "rent_cost_pct",
      "label": "Rent (% of revenue)",
      "unit": "percent",
      "low": 4,
      "average": 7,
      "high": 9
    },
    {
      "key": "typical_revenue",
      "label": "Typical revenue",
      "unit": "text",
      "value": "$250,000 – $1,800,000/year for independent Minneapolis restaurants"
    }
  ],
  "labor": {
    "minimumWage": "$15.97/hr (Minneapolis, large employer), $14.50/hr (small employer ≤100)",
    "stateMinimumWage": "$11.13/hr (MN large employer), $9.19/hr (MN small employer)",
    "tippedWage": "$15.97/hr or $14.50/hr (full minimum, no tip credit in MN)",
    "note": "Minneapolis municipal wage ordinance exceeds MN state rate significantly. MN law prohibits tip credits. Small employer exemption (≤100 employees) applies a lower rate. Adjusts annually January 1."
  },
  "market": [
    {
      "label": "Estimated restaurants",
      "value": 1800
    },
    {
      "label": "Commercial rent range",
      "value": "$18–25/sqft (North Loop/Uptown/Northeast), $14–18/sqft (emerging neighborhoods), $22–30/sqft (skyway level)"
    },
    {
      "label": "Sales tax on food",
      "value": "7.775% on prepared food (6.875% state + 0.90% Minneapolis)"
    },
    {
      "label": "Special fees",
      "value": "MN Paid Leave 0.7% payroll tax (2026); skyway access fees; winter snow removal $3K–$6K/season"
    }
  ],
  "sources": [
    {
      "label": "Minnesota Department of Revenue",
      "url": "https://www.revenue.state.mn.us/",
      "note": "State sales tax and local tax authority guidance."
    },
    {
      "label": "U.S. Census Bureau — County Business Patterns",
      "url": "https://www.census.gov/programs-surveys/cbp.html",
      "note": "Establishment counts and payroll by industry and geography. Source of the estimated business counts on this page."
    },
    {
      "label": "BLS OEWS — Minneapolis-St. Paul-Bloomington, MN-WI",
      "url": "https://www.bls.gov/oes/current/oes_33460.htm",
      "note": "Metropolitan-area occupational wage estimates from the BLS OEWS program."
    },
    {
      "label": "National Restaurant Association — Research",
      "url": "https://restaurant.org/research-and-media/research/",
      "note": "Industry operations data and cost-structure research for US restaurants."
    },
    {
      "label": "City of Minneapolis",
      "url": "https://www.minneapolismn.gov/",
      "note": "City licenses, permits, and labor standards."
    }
  ]
}