Franchise Businesses Market: ZIP 37220
Opportunity Score
80
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37220 is an urban area with low foot traffic. with a population of 5,483 and household incomes well above the national median ($156,227).
Area Profile
5,483
Population
$156,227
Median Income
+109% vs. national
Urban
Area Type
7.9/20
Foot Traffic
Car-Dependent
Median Age: 46.6 —
older demographic, may prefer sit-down options.
College-Educated: 60.0% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 37220.
4
Business Consultants
7.3 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,740
2BR Fair Market Rent
$1,468
Median Gross Rent
$750 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.
- The median income here is $156,227. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 4
vs. National Average
Median Income
+109% vs. $74,580
Walkability
-2.6 pts vs. national avg
Nearby Markets
37204
2.9 mi
Pop: 17,004
$109,341
Walk: 15.7
37215
3.0 mi
Pop: 22,188
$151,156
Walk: 10.6
37212
4.5 mi
Pop: 20,046
$86,461
Walk: 16.1
37027
4.8 mi
Pop: 61,961
$156,002
Walk: 7.5
37211
4.8 mi
Pop: 77,117
$69,936
Walk: 10.2
37232
5.1 mi
Pop: 0
Walk: 15.5
37203
5.6 mi
Pop: 20,234
$69,671
37205
6.2 mi
Pop: 24,557
$133,068
Walk: 11.1
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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