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Home ZIP 38103

Franchise Businesses Market: ZIP 38103

Opportunity Score
81 / 100 Excellent
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 38103 is an urban area with high foot traffic. with a population of 14,025 and household incomes above the national median ($75,763).

Area Profile

14,025
Population
$75,763
Median Income
+2% vs. national
Urban
Area Type
18.3/20
Foot Traffic
Very Walkable
Median Age: 33.9 — mixed-age market, broad menu appeal.
College-Educated: 50.5% — strong appetite for artisan/specialty food.

Competition

Franchise Businesses and related businesses in ZIP 38103.

3
Business Consultants
2.1 per 10K residents
4
Small Business Lenders
2.9 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$2,030
2BR Fair Market Rent
$1,575
Median Gross Rent
$380 K
Median Home Value
6
Bank Branches
$11 M 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.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits