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Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!
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.
Arizona Franchise Opportunities

If you’re looking for a place to settle that will provide you great business opportunities with a high quality of life, consider launching your franchise in Arizona!

Wisconsin Franchise Opportunities

Known as “American’s Dairyland” and especially renowned for its cheese—and cheeseheads (fans of the Green Bay Packers)—Wisconsin sits between the Great Lakes and the Mississippi River and has a wide variety of geographical features. If you want to live among the best cheeses and craziest football fans in the nation, consider opening your franchise in Wisconsin!

Vermont Franchise Opportunities

Known for its maple syrup and outdoor activities, Vermont is a paradise for tourists, as well as its 626,000 residents. If you want a snowy winter home and well-educated neighbors, consider starting your franchise in the Green Mountain State!