Find the right franchise in Tennessee
Tennessee’s Economy Is Business Friendly
The Volunteer State is an attractive place to do business thanks to its low taxes and strong economy.
Tennessee has low individual income taxes, ranking eighth in the US in that category. It’s part of a strong state economy, which Forbes and CNBC both rank as fifth in the nation, and a financial stability that US News & World Report ranks in the top five. CNBC also notes Tennessee’s outstanding infrastructure.
Not only is Tennessee a great place to do business, it’s also a pleasant place to live and work. The state’s overall cost of living is another main attraction. There’s no state income tax, and food and housing costs are below the national average. WalletHub says that Tennesseans are less subject to work-related stress than residents of most other states.
Tennessee is an affordable, stable place to open a business. FranNet’s local experts know the state and its people, and they’re ready to help you choose a business that will work for you.
Franchising in Tennessee
- Franchise registration: Tennessee is not a franchise registration state: it is not among the states that NASAA lists as having franchise laws that require the franchise disclosure document to be registered or filed. (Source: NASAA, State Cover Sheets Instructions (2019))
- FranNet consultants: 2 FranNet consultants are listed for Tennessee on this page. See the list.
- Small businesses: In 2022, Tennessee had 741,196 small businesses, 99.5 percent of all its businesses, and they employed 1.2 million people, 41.5 percent of its employees. (Source: SBA Office of Advocacy, 2025 Small Business Profile: Tennessee (2022 data))
The SBA counts firms with fewer than 500 employees, including businesses with no paid employees.
Franchising facts last reviewed October 2026.
Major markets in Tennessee
Franchise brands available in Tennessee
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