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Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!

Tennessee Franchise Opportunities

Photo by Steve Shreve on Unsplash

Birthplace to the blues and home to more than 6.5 million people, Tennessee attracts tourists from around the world, has a low cost of living and a booming economy. Consider making Tennessee your next home for a franchise!

Finding a City

With people relocating from across the country to live here, Tennessee’s population is growing rapidly. Check out these cities to see if you’ll join in on the trend:

  • Memphis: The city where the blues came to life, Memphis still has strong musical roots and is known for its music, arts and barbecue scenes. It’s also the biggest city in all of Tennessee.
  • Nashville: Also a city with a musical history, Nashville is home to the Grand Ole Opry. In addition, it has many institutes of higher education and large publishing, banking and health care industries.

An Economy on the Rise

Tennessee has a GDP of $304 billion, putting it on par with the entire country of Malaysia. The major industries in the state include agriculture (cotton and cattle), textile production, and electrical power. In addition, the healthcare and automotive industries have been quickly taking off in Tennessee, and tourism also brings in a significant amount of money.

Tennessee would be a great place to consider opening an automotive (link), hotel (link) or BBQ (link) franchise!

Let’s Talk Taxes

Taxes in Tennessee include an excise tax on net earnings of 6.5 percent, as well as a franchise tax on net worth. There is no state personal income tax, but there is a “hall tax” of 6 percent on interest and dividends.

Business by the Numbers

  • There are 560,500 small businesses in Tennessee, which make up 97 percent of the state’s employers.
  • Of those, 21,300 are franchises, which employ 223,900 people.
Rhode Island Franchise Opportunities

If you’re interested in healthcare and senior care (link), or want to live in the smallest state with the longest name, Rhode Island—technically, State of Rhode Island and Providence Plantations—might be a place to consider for your next franchising opportunity.

Kansas Franchise Opportunities

There’s no place like home….and if you long to live among the wide expanse of the great plains in the central United States, Kansas could be a beautiful home for you and your franchise.

Connecticut Franchise Opportunities

This small, New England state has come a long way from its Dutch roots. Considered part of the Tri-State area with New York and New Jersey, Connecticut is a home to the financial services industry, including insurance companies and hedge funds. It’s no surprise the state has the highest per capita income and median household income in the U.S. If you’re looking to make some real profit, look no further than Connecticut!