Franchise Businesses Market: ZIP 37189
Opportunity Score
60
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37189 is an urban area with low foot traffic. with a population of 3,591 and household incomes above the national median ($93,577).
Area Profile
3,591
Population
$93,577
Median Income
+25% vs. national
Urban
Area Type
4.3/20
Foot Traffic
Very Car-Dependent
Median Age: 43.0 —
older demographic, may prefer sit-down options.
College-Educated: 32.9% —
balanced market for quality & value.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,570
2BR Fair Market Rent
$1,082
Median Gross Rent
$360 K
Median Home Value
1
Bank Branches
$54 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
- Bank Branches
- 1
vs. National Average
Median Income
+25% vs. $74,580
Walkability
-6.3 pts vs. national avg
Nearby Markets
37207
4.9 mi
Pop: 39,450
$60,102
Walk: 10.8
37228
6.0 mi
Pop: 2,351
$73,708
37080
7.0 mi
Pop: 7,061
$78,151
Walk: 3.9
37208
7.1 mi
Pop: 20,204
$62,682
Walk: 15.2
37072
7.7 mi
Pop: 32,344
$75,514
Walk: 5.2
37219
8.4 mi
Pop: 2,292
$104,199
37216
8.4 mi
Pop: 18,933
$82,134
Walk: 11.1
37201
8.5 mi
Pop: 1,426
$88,438
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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