Franchise Businesses Market: ZIP 37377
Opportunity Score
76
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 37377 is an urban area with low foot traffic. with a population of 16,819 and household incomes well above the national median ($115,959).
Area Profile
16,819
Population
$115,959
Median Income
+55% vs. national
Urban
Area Type
6.6/20
Foot Traffic
Car-Dependent
Median Age: 43.7 —
older demographic, may prefer sit-down options.
College-Educated: 41.6% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 37377.
5
Business Consultants
3.0 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,720
2BR Fair Market Rent
$1,389
Median Gross Rent
$480 K
Median Home Value
5
Bank Branches
$330 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.
- The median income here is $115,959. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 5
- Bank Branches
- 5
vs. National Average
Median Income
+55% vs. $74,580
Walkability
-3.9 pts vs. national avg
Nearby Markets
37405
5.8 mi
Pop: 18,535
$77,850
Walk: 12.9
37415
8.2 mi
Pop: 23,132
$67,027
Walk: 7.8
37351
10.4 mi
Pop: 295
$38,965
37397
10.7 mi
Pop: 10,044
$55,776
Walk: 3.7
37343
10.8 mi
Pop: 44,572
$79,177
Walk: 4.8
37450
11.8 mi
Pop: 0
Walk: 18.8
37419
11.8 mi
Pop: 6,288
$86,029
Walk: 5.0
37402
11.8 mi
Pop: 4,203
$28,829
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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