Why Invest in a Knoxville Franchise?
Fully Promoted is thrilled to announce that we are seeking someone ambitious and business savvy to open the newest franchise in Knoxville, Tennessee! If you’ve been looking for the opportunity to be your own boss and put your business know how to good use, open a Fully Promoted franchise in Knoxville. Knoxville is the second oldest city in Tennessee and has all the characteristics of a strong and thriving economy. In addition, the city has a vested interest in seeing small businesses survive, so there are plenty of services available to franchises in Knoxville. Keep reading to learn why opening a franchise in Knoxville is a great step in your future career.
Ideal Economic Conditions for Franchising
Economic strength is a key factor to consider when you’re looking to open a business. The great news is that Knoxville has a strong economy that is projected to continue gaining strength as time passes. With a job growth rate of 2%, almost double the national rate, and a low unemployment rate, Knoxville is a great place to live and work. Indeed, Forbes named Knoxville #64 out of two-hundred on its list of the Best Places for Business and Careers. In addition, the Knoxville region has an average cost of living 12% lower than the national average and housing costs 20% lower than the national average, all this in spite of the median household income being only marginally lower than it is nationally. A franchise in Knoxville will surely be able to benefit from this population that works more, earns more, and spends less on day-to-day costs.
Because small businesses need to thrive in order for the economy to thrive, Knoxville has a number of resources explicitly for small business owners. Most notable of these organizations is the East Tennessee Economic Development Agency, or ETEDA. By partnering with various public and private organizations, ETEDA offers its many services free of charge to small businesses and franchises in Knoxville.
ETEDA conducts vast research in order to have a full understanding of the east Tennessee area and the different industries in the region. When you utilize their services as an owner of a franchise in Knoxville, you will be able to benefit from this data and research as well as their other services including location selection, real estate connections, business counselling, business plan development, training, and more. A Knoxville franchise owner that can take advantage of these amazing resources will be sure to be set on the path to a great franchising start.
At Fully Promoted we want the best for our franchisees: the best products, the best technology, and the best locations. That’s why we want to have a new franchise in Knoxville, where the strong economy and business resources stand out as some of the greatest in the nation. When you open your franchise in Knoxville, you are investing in your future and your community as well as a proven business with a turnkey business model. If you’re ready to become your own boss, click this LINK to find out the next step to owning a franchise in Knoxville.