Franchise Businesses Market: ZIP 37062
Opportunity Score
64
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37062 is an urban area with low foot traffic. with a population of 13,165 and household incomes above the national median ($87,598).
Area Profile
13,165
Population
$87,598
Median Income
+17% vs. national
Urban
Area Type
5.8/20
Foot Traffic
Very Car-Dependent
Median Age: 39.3 —
mixed-age market, broad menu appeal.
College-Educated: 23.6% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 37062.
4
Business Consultants
3.0 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,870
2BR Fair Market Rent
$1,302
Median Gross Rent
$340 K
Median Home Value
4
Bank Branches
$290 K deposits
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
- Urban
- Foot Traffic
- Very Car-Dependent
- Related Businesses
- 4
- Bank Branches
- 4
vs. National Average
Median Income
+17% vs. $74,580
Walkability
-4.7 pts vs. national avg
Nearby Markets
37082
7.4 mi
Pop: 5,564
$95,301
37029
9.9 mi
Pop: 6,737
$91,571
38476
11.4 mi
Pop: 1,240
$128,588
Walk: 4.7
37187
11.5 mi
Pop: 8,382
$71,049
Walk: 5.1
37143
11.8 mi
Pop: 4,149
$93,212
Walk: 5.0
37025
12.2 mi
Pop: 6,321
$80,462
37221
12.2 mi
Pop: 41,811
$99,083
Walk: 7.4
37098
14.4 mi
Pop: 5,933
$53,902
Check Another Market
Or estimate costs with the FranchiseBudget calculator.
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