Franchise Businesses Market: ZIP 38401
Opportunity Score
59
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38401 is an suburban area with low foot traffic. with a population of 66,696 and household incomes near the national median ($69,467).
Area Profile
66,696
Population
$69,467
Median Income
-7% vs. national
Suburban
Area Type
6.6/20
Foot Traffic
Car-Dependent
Median Age: 39.0 —
mixed-age market, broad menu appeal.
College-Educated: 16.8% —
value-focused market, keep prices competitive.
Competition
Franchise Businesses and related businesses in ZIP 38401.
12
Business Consultants
1.8 per 10K residents
13
Small Business Lenders
1.9 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,460
2BR Fair Market Rent
$1,084
Median Gross Rent
$300 K
Median Home Value
16
Bank Branches
$1.8 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.
Quick Facts
- Area Type
- Suburban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 25
- Bank Branches
- 16
vs. National Average
Median Income
-7% vs. $74,580
Walkability
-3.9 pts vs. national avg
Nearby Markets
37174
10.5 mi
Pop: 50,778
$98,775
38451
11.8 mi
Pop: 4,196
$74,844
Walk: 4.7
38482
13.1 mi
Pop: 1,742
$71,829
37179
14.8 mi
Pop: 17,411
$124,844
Walk: 5.1
38487
15.9 mi
Pop: 688
$100,542
Walk: 3.2
38474
16.4 mi
Pop: 9,336
$63,711
38476
19.7 mi
Pop: 1,240
$128,588
Walk: 4.7
37091
20.0 mi
Pop: 23,991
$61,887
Walk: 7.7
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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