Our Tennessee page serves as your gateway to a world of business opportunities within the Volunteer State. Explore carefully curated franchise listings, gain valuable insights into the local business landscape, and access essential data tailored to Tennessee's economic climate. Discover, engage, and thrive in the dynamic world of Tennessee franchising.
Tennessee's business landscape is shaped by its substantial population of 6.9 million and a median age of 38.8 years. The state's 2.7 million households provide a significant consumer base for businesses. The vibrant entrepreneurial spirit is reflected in the presence of over 620,000 small businesses.
Tennessee's economy, ranking 16th in size among U.S. states and D.C., is characterized by a healthy unemployment rate of 3.3%, lower than the U.S. average. The state's real GDP growth rate was 3.5% in the first quarter of 2023, indicating robust economic activity. Notably, manufacturing is a key driver, contributing $74.9 billion to the state's GDP.
Tennessee's economy thrives in diverse sectors such as education, entertainment, agriculture, automotive, advanced manufacturing, adventure tourism, and healthcare. The music industry in Nashville alone generates nearly a $10 billion economic impact. The agriculture sector contributes over $50 billion annually, and the state is a powerhouse in the automotive industry, with major operations from companies like General Motors, Nissan, and Volkswagen. The healthcare and medical devices sector employs over 335,000 workers, indicating a strong presence in health and medicine.
Tennessee's demographic and economic profile, combined with its diverse and robust industrial sectors, creates a fertile environment for business opportunities.
Key Cities and Industries
Nashville’s estimated average household income of $120,188, suggests a strong local economy that can support businesses in both the food and home services sectors.
Regarding home services, the significant expenditure on shelter, totaling $1.84 billion, underscores opportunities for home improvement and maintenance services. The housing market consists of various unit types, with 48.9% being detached homes, providing potential customers for services like remodeling, landscaping, and home repair.
In Memphis, TN, the business services industry shows promise. There are a total of 7,781 businesses in the area, and among them are 321 company headquarters. This suggests a concentration of businesses and potential demand for various business services in the region. The total employee count in the area is 92,189, which further indicates a significant workforce that could benefit from business-related services.
Insights on Page Engagement
In analyzing the performance of our website among Tennessee visitors, we've identified key insights that could give you a valuable advantage. With a 69.39% bounce rate and an average of 1.97 pages per session, it's evident that not all Tennessee visitors are spending an extended amount of time on our site. Here's where the opportunity lies: by delving deeper into our resources, you have the potential to outshine your competition. By leveraging the insights and information available on our site, you can make more informed decisions than your rivals in the world of franchising. While others may miss out on the wealth of knowledge at their fingertips, you have the opportunity to gain a competitive edge by tapping into our comprehensive franchise listings and tailored business data.
Franchise Opportunities
Discover a selection of businesses for sale in Tennessee by perusing the listings below.
