Franchise Businesses Market: ZIP 37020
Opportunity Score
78
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37020 is an suburban area. with a population of 5,171 and household incomes above the national median ($81,025).
Area Profile
5,171
Population
$81,025
Median Income
+9% vs. national
Suburban
Area Type
Median Age: 38.8 —
mixed-age market, broad menu appeal.
College-Educated: 20.0% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,460
2BR Fair Market Rent
$1,364
Median Gross Rent
$300 K
Median Home Value
Tips for Starting a Franchise Business in Tennessee
- 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.
Quick Facts
- Area Type
- Suburban
vs. National Average
Median Income
+9% vs. $74,580
Nearby Markets
37037
6.1 mi
Pop: 9,786
$111,458
37127
11.4 mi
Pop: 22,029
$85,947
Walk: 4.4
37180
11.6 mi
Pop: 3,831
$88,581
Walk: 4.1
37183
12.2 mi
Pop: 3,211
$71,597
Walk: 6.7
37128
12.5 mi
Pop: 77,016
$89,069
Walk: 6.4
37160
13.4 mi
Pop: 36,422
$58,899
Walk: 6.2
37018
13.5 mi
Pop: 2,459
$61,523
37153
13.6 mi
Pop: 4,894
$90,625
Walk: 4.1
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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