Posted May 12, 2025 TN – Economic Data Share The state of Tennessee is one of the top ten states for franchising. Tennessee has over 20,000 franchise locations which provides jobs for 221,574 people. Franchise revenue in 2024 generated over $22.2 billion. State Overview (PDF) 20,939 # of Franchise Locations 3.8% Franchise Location Growth Rate 221,574 Employees Employed by Franchises $22.2 Billion Franchise Revenue 5.5% Franchise Revenue Growth Rate