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The table below offers a collection of data aimed at giving potential franchisees a glimpse into their market landscape. Click Read More to delve deeper, uncovering additional information to assist you in making a well-informed decision. These insights are tailored to highlight the opportunities in your city as you consider a franchise purchase.
| Key Data Points for Johnson City, Tennessee | ||
| Data | Johnson City, TN | Nationwide |
|---|---|---|
| Population | 71.94 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -8.9372% | 0.5% |
| Median Household Income | $87,638 | $74,580 |
| Median Age | 37.02 | 38.9 |
| Residents per Business | 1 to 19 | 10 to 1 |
| Annual Household Expenditures | $1.95 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The health and fitness industry seems quite promising for Johnson City. With an estimated average household income of $87,638 in 2023 and an estimated average household net worth of $394,629, residents have disposable income that could be spent on health and wellness services. The health care consumer expenditure stands at $165.32 million, indicating an existing market for health-related services. A franchise that offers fitness classes and wellness programs could tap into this consumer spending pattern.
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The automotive industry is another sector to consider. The data shows that the majority of households own at least one vehicle, with 38.2% of households having two vehicles available. This suggests a steady demand for automotive services. The average travel time to work is 16.1 minutes, and 81.2% of the workforce drives to work alone, underscoring the importance of vehicle maintenance for daily commuters. Automotive franchises offering repair services, car washes, or quick oil change services could meet the needs of these vehicle owners.
Home services also appears to be a viable franchise industry in Johnson City. The data reveals a homeowner-occupied rate of 61.7% and a median home value of $220,670. With many homes built before 1989, there could be a demand for home renovation, maintenance, and repair services. Additionally, a monthly shelter expenditure of $1,125 suggests that homeowners are willing to invest in their properties, providing opportunities for home service franchises specializing in remodeling, landscaping, or pest control.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Johnson City, Tennessee Franchise Opportunities (and Businesses for Sale)
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