Knoxville, Tennessee Franchise Market Analysis
To gain comprehensive insights into Knoxville, Tennessee, consider these figures in the table below, which include demographic segments, household dynamics, and financial averages, all pivotal in assessing the viability and promise of your franchise endeavor.
Knoxville, Tennessee Demographic Insights | ||
Households (2023) | 85,810 | |
Households (2028) | 92,094 | |
Population (2023) | 198,156 | |
Population (2028) | 210,986 | |
Per capita Income (2023) | $36,157 | |
Total Household Expenditures | $5,222,714,955 | |
Total Retail Expenditures | $2,455,769,789 | |
Average Household Income (2023) | $82,655 | |
Average Household Income (2028) | $82,579 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
Home services in Knoxville present a substantial opportunity. With an estimated 93,001 total housing units and a 92.3% occupancy rate, there is a clear market for home maintenance and renovation services. Considering the majority of housing structures are detached units (61.7%), services such as lawn care, exterior cleaning, and domestic help could fill gaps in the current market.
Read MoreKnoxville’s automotive industry should not be overlooked. With an average of 1.7 vehicles per household and a total of 145,927 vehicles available, there is a clear demand for automotive-related services in the city. The New Car Dealers sector shows potential sales of $367.46 million against actual sales of $326.76 million, suggesting Knoxville could support additional dealerships. Given that the majority of workers drive to work alone (72.9%), the need for reliable vehicle maintenance and repair services is likely high.
In Knoxville, the business services industry presents a compelling opportunity for franchises. With a robust base of 13,932 businesses and 144,014 employees, there is a market for services that support the operations and growth of these companies. From marketing and consulting to accounting and logistics, franchises that offer to streamline business processes and enhance productivity have the potential to flourish.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Knoxville, Tennessee Franchise Opportunities (and Businesses for Sale)
VOTED TOP PART TIME - WORK AT HOME BUSINESS! Are You Looking to Make an Additional $100,000 in the Next 12 Months - No Employees to Hire - No Equipment to Rent/Buy - No Office/Warehouse to Rent/Lease - Start Making money in…
30k Minimum Cash Required
First on the scene and best in its class, Sky Zone created the world’s first wall-to-wall trampoline park in 2004, bringing healthy, high-flying fun to people across the globe. Now you can be part of this international…
500k Minimum Cash Required
Sniffing around for a great new opportunity? Zoomin Groomin is expanding our Mobile Pet Grooming business nationwide. Set your own schedule, be your own boss and work with pets all day. We’ll be right by your side, every…
100k Minimum Cash Required
Get started for as little as $15,000. Make an investment in your future. No franchise fees, setup fees or training costs. 100% of your investment goes to your business. Do you need work that can fit around your family…
15k Minimum Cash Required
Crave is searching for franchise partners in the U.S. We are one of the fastest-growing Hot Dog franchises, winner of best southern BBQ, and expanding rapidly. If you want to own your own business and be your own boss, look…
70k Minimum Cash Required
Did you know you could partner with a company to build out your entire e-commerce store, from product research to inventory acquisition to marketing? Yep! You can easily make 6-7 figures in passive income when we build your…
30k Minimum Cash Required
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As of May 8, 2024: