Knoxville, Tennessee, USA city skyline at World's fair Park.

Why Invest in a Franchise in Knoxville?

Are you looking for a chance to be your own boss? Do you want an investment opportunity that gives you the freedom of owning your own business but the structure of a proven business model? Signarama is the choice for you! At Signarama, we take great pride in being the top in the industry: the best custom apparel franchise, providing the best products, using the best technology, investing with the best people and in the best locations. That’s why we have chosen Knoxville, Tennessee as the next location for one of our franchises. Knoxville has a strong economy that will help a franchise flourish, as well as multiple resources for small business owners to utilize. Keep reading to learn more about what this city can bring to your franchise experience.

Thriving Economic Conditions

The economy in Knoxville is perfect for a franchise. Ranked at #64 on Forbes list of the two-hundred Best Places for Business and Careers, Knoxville is thriving and growing. The rate of job growth in the region is 2%, which is almost double the rate of national job growth. In addition, unemployment has remained low for the past few years, and will likely continue to drop as job growth remains steady. Living in Knoxville is also extremely inexpensive, with a cost of living 12% lower than the national average and the cost of housing 20% lower. Adding to that is the median annual household income which is only marginally lower than the national average, meaning that people in Knoxville earn almost as much as the national average but pay a lot less to live there. The cost of doing business mirrors the cost of living, and Knoxville was ranked #67 out of two-hundred cities for this factor. This economy is certainly a boon to a Knoxville franchise owner, and all projections look positive for this vibrant local economy.

Helpful Business Resources

Because small businesses are so important to Knoxville’s continued economic success, the city has various resources available to business and franchise owners. One such organization, the East Tennessee Economic Development Agency (ETEDA), is particularly helpful for a Knoxville franchise owner. ETEDA continually conducts research on the eastern Tennessee region in order to have a comprehensive understanding of the region’s demographics and industries.

When you, the Knoxville franchise owner, utilize this data through ETEDA, it will undoubtedly assist you in choosing the exact location for your Signarama franchise. ETEDA, whose services are free of charge, also offers business counselling and planning assistance as well as real estate and utility advice. Taking advantage of this amazing resource is a great way to get your Knoxville franchise on the road to a thriving business immediately.

There are so many great things about Knoxville that we could go on for pages and pages about the research laboratory, the University of Tennessee, the regional bluegrass and country music influences, and more. The dynamic and exciting city of Knoxville is perfect for franchising, and we want to help you out. At Signarama, we ensure that we offer ongoing training and support so our franchise owners are never stranded without help or a solution when they need one. If you’re ready to make the investment in your career, click this LINK to find out the next step to opening a franchise in Knoxville.

Sources

  • http://www.eteda.org/
  • http://www.forbes.com/places/tn/knoxville/