Franchise Businesses Market: ZIP 38389
Opportunity Score
8
/ 100
Challenging
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38389 is an suburban area with low foot traffic. with a population of 40 and household incomes below the national median ($35,500).
Area Profile
40
Population
$35,500
Median Income
-52% vs. national
Suburban
Area Type
3.5/20
Foot Traffic
Very Car-Dependent
Median Age: 62.6 —
older demographic, may prefer sit-down options.
College-Educated: 7.5% —
value-focused market, keep prices competitive.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$950
2BR Fair Market Rent
$79 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.
- Median income sits at $35,500. Price sensitivity is real. Build your model around volume or keep overhead minimal.
Quick Facts
- Area Type
- Suburban
- Foot Traffic
- Very Car-Dependent
vs. National Average
Median Income
-52% vs. $74,580
Walkability
-7.0 pts vs. national avg
Nearby Markets
38330
6.4 mi
Pop: 3,938
$59,597
38259
8.1 mi
Pop: 682
$35,625
Walk: 3.2
38059
8.2 mi
Pop: 8,822
$57,182
Walk: 3.0
38233
8.8 mi
Pop: 2,795
$55,481
38369
12.5 mi
Pop: 1,636
$50,690
Walk: 4.2
38382
13.3 mi
Pop: 8,163
$58,125
Walk: 4.2
38070
14.3 mi
Pop: 88
$58,667
Walk: 2.2
38253
14.8 mi
Pop: 956
$66,767
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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