Knoxville, TN

Business Ideas & Market Opportunities

The Knoxville market is currently outpacing the national growth rate. Our analysis identifies 98 active sectors where local supply has not yet met the demand indicated by the national baseline.

Active Local Businesses

25,296

Total Competition Pool

Market Size

920K

Total Metro Population

5-Year Growth Rate

+11.0%

🔥 Outpacing US(+0.1% avg)

Underserved Sectors

123

Niches with LQ < 0.8

Analyst Tip

Viewing all opportunities. Use the View Mode toggle above to filter by business model, or search to find specific niches.

Showing 20 of 322 opportunities

Other Management Consulting Services

Growth
+325.0%
Scale
$1.2M PAY
Saturation
0.48
17 establishments

Fruit and Vegetable Retailers

Growth
+225.0%
Scale
$82K PAY
Saturation
1.46
13 establishments

Mobile Food Services

Growth
+216.7%
Scale
$56K PAY
Saturation
1.32
38 establishments

Child and Youth Services

Growth
+213.6%
Scale
$301K PAY
Saturation
1.79
69 establishments

Facilities Support Services

Growth
+161.5%
Scale
$1.1M PAY
Saturation
1.66
34 establishments

Research and Development in Biotechnology (except Nanobiotechnology)

Growth
+160.0%
Scale
$982K PAY
Saturation
0.96
13 establishments

Interior Design Services

Growth
+128.6%
Scale
$126K PAY
Saturation
0.78
32 establishments

Barber Shops

Growth
+118.2%
Scale
$222K PAY
Saturation
1.28
247 establishments

Employment Placement Agencies

Growth
+114.3%
Scale
$1.1M PAY
Saturation
0.85
15 establishments

All Other Miscellaneous Ambulatory Health Care Services

Growth
+107.7%
Scale
$501K PAY
Saturation
1.23
27 establishments

Convenience Stores

Growth
+95.7%
Scale
$106K PAY
Saturation
1.02
90 establishments

Snack and Nonalcoholic Beverage Bars

Growth
+93.9%
Scale
$265K PAY
Saturation
0.93
238 establishments

Offices of Mental Health Practitioners (except Physicians)

Growth
+93.5%
Scale
$246K PAY
Saturation
0.52
60 establishments

Independent Artists, Writers, and Performers

Growth
+92.9%
Scale
$162K PAY
Saturation
0.28
27 establishments

Breweries

Growth
+88.9%
Scale
$380K PAY
Saturation
1.51
17 establishments

Mortgage and Nonmortgage Loan Brokers

Growth
+87.5%
Scale
$419K PAY
Saturation
0.63
15 establishments

Nail Salons

Growth
+85.7%
Scale
$133K PAY
Saturation
0.61
941 establishments

Other Activities Related to Real Estate

Growth
+81.3%
Scale
$865K PAY
Saturation
0.52
29 establishments

Retail Bakeries

Growth
+80.0%
Scale
$151K PAY
Saturation
0.84
18 establishments

Power and Communication Line and Related Structures Construction

Growth
+77.8%
Scale
$1.4M PAY
Saturation
1.07
16 establishments

Analyst Insights & Due Diligence

Administrative data provides the map, but not the terrain. We recommend three specific validation steps for Knoxville:

1

Demographic Fit

Does the local population age or income level explain the "Supply Gaps"? (e.g., A gap in luxury services may be due to lower local income).

2

Regulatory Check

Verify local licensing requirements. High barriers to entry often protect "High Yield" sectors from new competition.

3

Competitor Health

Investigate the "Momentum" sectors. Are existing businesses thriving, or is the growth due to high turnover and failure rates?