Nashville is in an unprecedented economic boom, with a prominent workforce and many bustling industries. This makes it the perfect place for millennials to start their careers or find franchise opportunities in Nashville, Tennessee. Not only does Nashville have a booming economy, but it also has endless opportunities for growth and development.
If you want to reap the benefits of Nashville’s economic growth now is an ideal time to start a franchise. Even if you don’t want to invest lots of money, franchising can be the perfect opportunity for you. Major chains have low investment opportunities with built-in benefits such as marketing strategies and customer bases.
Market Overview on Nashville
Nashville has a growing economy and a high quality of life, making it ideal for entrepreneurs to start a business or become Franchise owners. It is the largest city in Tennessee and has a thriving music and tourism sector.
With a vast population and high levels of entrepreneurial activity, Nashville has become a great place to own a franchise.
Travelers spent $22 billion in Tennessee in 2018, a 3.5% increase from 2017. Visitors to Tennessee stay longer, visit more often and spend more than the average US traveler, bringing an estimated $60 million per day to the state.
Nashville is home to the best of Tennessee. From the food to the music to the culture, this city is brimming with opportunities for anyone looking to buy a fast-casual franchise with an innovative concept or a tech-driven franchise opportunity.
The fast-casual restaurant industry is booming, with a growth rate of 10.7 CAGR in 2021. This rate is higher than the growth rate of the entire US restaurant industry, which is only 4.3 percent.
And the Nashville market is ripe for this growing trend.
While brands like McDonald’s and Pizza Hut are well-known, from an investment stand-point they don’t offer an entrepreneur enough ROI. Instead, anyone looking to franchise in 2022 should concentrate on emerging brands that have the strength of a development company like Fransmart, the team that developed Five Guys and The Halal Guys, behind them.
Top Franchise Opportunities in Nashville 2022
1. Brooklyn Dumpling Shop
Brooklyn Dumpling Shop was recognized as one of America’s Hottest Startups on Fast Casual magazine’s list for 2021. This restaurant serves up a wide range of dumplings and other Chinese-inspired street food.
Why is the Brooklyn Dumpling Shop franchise the best investment opportunity for Nashville?
Brooklyn Dumpling Shop is a 24-hour, unique Automat concept designed for the future in the franchise industry. They sell custom-to-go drink packs, which means you benefit from liquor sales. Their availability of frozen Brooklyn Dumpling Shop dumplings in nationwide stores has given the brand considerable recognition.
- Initial Investment: $348,500 – $663,000
- Franchise fee: $40,000
Franchise Owner Income: click here to know how much Brooklyn Dumpling Shop franchise owners can make.
2. Taffer’s Tavern Franchise for sale in Nashville
Taffer’s Tavern from Jon Taffer, star of “Bar Rescue” is revolutionizing the full-service restaurant category with its kitchen of the future.
Why Should You Own the Taffer’s Tavern franchise In Nashville?
The Taffer’s Tavern franchise model is an excellent example of how technology changes restaurants operations. The robotic kitchen, and sous vide cooking is a unique concept that helps to reduce costs while improving quality. With no need for hoods and expensive ventilation, or highly trained chefs, Taffer’s Tavern is far less expensive to operate than the average full service restaurant.
- Initial Investment: $1,183,000 to $2,203,000 (5 Units)
- Franchise fee: $50,000
Franchise Owner Income: click here to know how much Taffer’s Tavern franchise owners can make.
3. Rise Southern Biscuits & Righteous Chicken
Rise is a Southern chicken and biscuit restaurant serving dine-in and take-out breakfast, brunch, and lunch. They have been recognized as one of “America’s Hottest Startup Fast Casuals‘ in QSR’s 40/40 list for 2021.
Why is a Rise franchise the best investment opportunity for Nashville?
Rise offers a better breakfast experience, a largely untapped market in Nashville. It also has lower startup costs than other food franchises like Five Guys and Panera, and generates quicker ROI. Rise locations operate from 7:00 am to 2:00 pm, which will give you ample time for yourself and your family.
- Initial Investment: $420,500 – $598,500 (3 restaurants)
- Franchise fee: $35,000
Franchise Owner Income: click here to know how much a Rise franchise owner can make
4. PayMore
The non-food PayMore franchise opportunity is attractive because it combines e-commerce with electronics sales and trade-ins. It is the fastest growing used and new electronics and gaming store in the country.
Why is the PayMore Shop the best franchise opportunity for Nashville?
PayMore is one of the best franchise opportunities in Nashville because it’s recession-proof thanks to our dependence on personal electronics. Electronic sales provide high customer retention rates, low overheads, and high margins. The business model also has a green/sustainable hook.
- Initial Investment: $184,050 – $299,950 (multi-unit)
- Franchise fee: $30,000
Franchise Owner Income: click here to know how much Pay More franchise owners can make.
5. Curry Up Now
Curry Up Now, serving fusion Indian cuisine, is the fastest and largest growing Indian fast Casual Franchise opportunity in Nashville.
Why Become a Curry Up Now franchise owner in Nashville?
Curry Up Now is an excellent Indian food franchise that quickly gained popularity with its creative and accessible menu that fuses Indian food with things like nachos and burritos. Billions of people eat Indian food every day in America, so it’s a vast market. One of the reasons the Curry Up Now Franchise is doing so well is because they offer vegetarian and vegan entrees and meat entrees. Curry Up Now uses a co-packager to prepare their recipes and produce all of their sauces, which means you don’t need to hire a classically trained chef to prepare Indian cuisine to start your franchise.
- Initial Investment: $392,000 – $1,671,500
- Franchise fee: $35,000
Franchise Owner Income: click here to know how much Curry Up Now franchise owners can make.
Conclusion
The Nashville market is ripe for entrepreneurs to bring these emerging franchises to the city. Working with Fransmart, you will understand the basics of a franchise and how to make it successful no matter which concept you choose to begin your franchise journey.
Are you excited to start something great? Reach out to us today.