Franchise Businesses Market: ZIP 38053
Opportunity Score
53
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38053 is an urban area with low foot traffic. with a population of 25,352 and household incomes near the national median ($58,548).
Area Profile
25,352
Population
$58,548
Median Income
-21% vs. national
Urban
Area Type
5.3/20
Foot Traffic
Very Car-Dependent
Median Age: 39.8 —
mixed-age market, broad menu appeal.
College-Educated: 13.9% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 38053.
6
Small Business Lenders
2.4 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,370
2BR Fair Market Rent
$1,105
Median Gross Rent
$200 K
Median Home Value
8
Bank Branches
$490 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
- 6
- Bank Branches
- 8
vs. National Average
Median Income
-21% vs. $74,580
Walkability
-5.2 pts vs. national avg
Nearby Markets
38054
4.6 mi
Pop: 136
Walk: 5.1
38128
7.2 mi
Pop: 44,027
$43,166
Walk: 9.8
38127
8.4 mi
Pop: 39,553
$37,768
Walk: 9.3
38135
8.9 mi
Pop: 30,490
$92,458
Walk: 7.9
38029
10.0 mi
Pop: 34
38023
10.2 mi
Pop: 5,343
$71,734
Walk: 2.7
38108
10.6 mi
Pop: 18,501
$35,435
Walk: 12.2
38122
11.9 mi
Pop: 25,310
$45,456
Walk: 12.2
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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