Best Pharmacy Location in Knoxville
Marketlyzer calculates a 69/100 opportunity score for pharmacys in Knoxville, supported by moderate competition and $51,000 average income, plus a 69/100 foot traffic index.
With a startup-to-income ratio of 9.5:1, Knoxville requires efficient operations to maximize Pharmacy profitability
Pharmacy Opportunity Score
Data-driven potential for success in Knoxville based on 7 key market factors
Market Opportunity
Based on 7 comprehensive market factors
Financial Overview
Knoxville Pharmacy Insights
Data-driven analysis unique to this market combination
Market Position Analysis
Unique positioning insights for Knoxville
With a startup-to-income ratio of 9.5:1, Knoxville requires efficient operations to maximize Pharmacy profitability
The balanced Pharmacy market in Knoxville rewards innovation, with 69 foot traffic index
Competitive Market Position
How Knoxville ranks nationally for pharmacys
Knoxville's 69.35/100 score indicates moderate opportunity, ranking in the 50th percentile for Pharmacy success factors
Strategic Recommendations
Actionable strategies tailored for Knoxville
⏰ Optimal entry window: Next 12-18 months ideal for Knoxville Pharmacy launch during high-growth phase
📍 Location strategy: Moderate traffic (69) with affordable rent ($20/sqft) favors larger footprint strategy in Knoxville - consider 2,000+ sqft locations
📢 Marketing focus: Moderate foot traffic requires proactive customer acquisition - allocate 8-12% of revenue to digital marketing in Knoxville
Launch Timing & Momentum
Align your opening window with market-ready signals
Entry Signal
Moderate - Strategic Entry
Market requires careful positioning. Conduct thorough competitive analysis and develop differentiation strategy before entry.
- 📈 High growth outlook - strong expansion timing
- ⚖️ Moderate competition - balanced market entry
Seasonal Levers
- Flu season
- Cold and allergy seasons
- Insurance renewal periods
Pharmacy Market Analysis for Knoxville
Why Knoxville for Pharmacys?
- Metro population of 879,000 provides large customer base
- Average income of $51,000 supports pharmacy spending
- Moderate business density indicates healthy economic activity
- Strong demographics opportunities throughout the city
- Strong accessibility opportunities throughout the city
Pharmacy Success Factors
Seasonal Considerations for Knoxville
Flu season
Cold and allergy seasons
Insurance renewal periods
Best Knoxville Neighborhoods for Pharmacys
Data-driven analysis of optimal areas based on pharmacy success factors
Downtown Knoxville
High PotentialBusiness District
Strong WeekdaySuburban Areas
Growth AreaKnoxville vs Other United States Cities for Pharmacys
Pharmacy FAQs for Knoxville
Why is now the right time to open in Knoxville?
Knoxville's 69.35/100 score indicates moderate opportunity, ranking in the 50th percentile for Pharmacy success factors Market requires careful positioning. Conduct thorough competitive analysis and develop differentiation strategy before entry.
Which customers convert best?
25% of households earn $75k+, sustaining premium spend for pharmacys
What should my first location focus on?
⏰ Optimal entry window: Next 12-18 months ideal for Knoxville Pharmacy launch during high-growth phase
How do local conditions impact operations?
Flu season
Ready to Open Your Pharmacy in Knoxville?
Moderate - Strategic Entry with a 69/100 opportunity score, moderate competition, and a 69/100 foot traffic index. Market requires careful positioning. Conduct thorough competitive analysis and develop differentiation strategy before entry.