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Coffee Shop opportunity score in Memphis hits 69/100 thanks to $48,000 incomes and 68/100 foot traffic.
Comprehensive Market Data
Best Coffee Shop Location in Memphis
Data from Memphis shows high expansion potential: 628K residents, $48,000 average income, and commercial space averaging $20/sqft in moderate-competition zones.
Memphis coffee shop economics: $125K investment, $48K target demographic, 2.6x cost-to-income.
69/100 opportunity score
1,348,000 metro residents
$48,000 average income
48/100 launch timing score
Moderate - Strategic Entry
628K
Population Size
$48K
Per-Capita Income
Moderate
Business Density
5
Major Industries
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Interactive map analysis for Memphis. Click any area to reveal foot traffic patterns, competitor density, and demographic insights for your coffee shop.
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Coffee Shop Finder
Memphis, United States
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Competitor Locations
Opportunity Zones
High Traffic Areas
1,348,000 potential customers in metro area
500+ businesses helped
Real-time market data
AI-powered recommendations
Market Analysis
Viability Index: Coffee Shop in Memphis
Market nuances specific to Memphis's demographics
69
/ 100
Market Opportunity
Based on 7 comprehensive market factors
Neutral Prospects
Financial Overview
Average Startup Cost
$125,000
Industry Success Rate
38%
Expected ROI Timeline
12-24 months
Customer Draw Radius
1,200m
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Unique Market Intelligence
The 1M Consumer Opportunity
rigorous competitive analysis
Market Position
Memphis positioning
Memphis coffee shop economics: $125K investment, $48K target demographic, 2.6x cost-to-income.
Operating in Memphis: $20/sqft rent, 68-point foot traffic, $20,000/mo baseline for 1K sqft unit.
1.3M metro residents earning $48,000 on average create a $65B addressable market.
Competitive landscape shows moderate density with high momentum (2.6x investment ratio).
Calculated viability of 77/100 based on 2.6x investment, 68 foot traffic, $20 occupancy.
Local economy driven by Logistics, Healthcare—households averaging $48K.
Steady 2.5% growth with moderate competition indicates mature market conditions.
$125K startup. 31 local income-months to break even.
Competitive Position
National ranking for coffee shops
Score: 69.2/100. 1.3M people. $48K income.
Coffee Shop costs $125K to open. Income ratio: 0.38x.
Traffic: 68. Rent: $20/sqft. Income: $48K.
High growth. Moderate competition. Score: 69.2.
1.3M metro. $20/sqft rent. 68 foot traffic.
$125K startup. $20,000/mo rent. 31 income-months to recoup.
Score 69.2. Average conditions. Execution decides success.
$64.7B total income across 1.3M people.
Strategic Recommendations
Actionable strategies tailored for Memphis
High growth. Moderate competition. Plan accordingly.
Traffic: 68. Rent: $20/sqft. $20,000/mo for 1000 sqft.
$48K income. Value positioning needed. Volume matters.
Coffee Shop: $125K to open. 31 income-months to recoup.
Traffic 68. Balanced. Mix storefront and digital.
1.3M metro. Focus on one location first.
$240,000/yr rent. 500.0% of local income. Factor that in.
High growth absorbs Moderate competition. Worth entering.
Launch Timing & Momentum
Align your opening window with market-ready signals
Entry Signal
Moderate - Strategic Entry
With moderate saturation, Memphis rewards operators who execute fundamentals exceptionally well. Invest in staff training, consistent quality, and local community engagement over the next 6-12 months to build sustainable advantage.
Timing score: 48/100
- 📈 High growth outlook - strong expansion timing
- ⚖️ Moderate competition - balanced market entry
Seasonal Levers
- Summer iced drinks
- Winter specialty drinks
- Student seasons
National Benchmarks
How Memphis dominates
based on 68/100 traffic metrics
Memphis's $48,000 average income runs 19% above the $40,492 national benchmark, supporting premium pricing.
Memphis's $20/sqft lease rates undercut the $33/sqft benchmark by 39%.
Memphis's 68/100 walkability index runs 14% lower than typical (79/100).
Regional reach of 1.3M positions Memphis 65% below the 3.8M standard.
Coffee Shop Market Analysis for Memphis
Why Memphis for Coffee Shops?
- Metro population of 1,348,000 provides large customer base
- Average income of $48,000 supports coffee shop spending
- Moderate business density indicates healthy economic activity
- Strong morning traffic opportunities throughout the city
- Strong office density opportunities throughout the city
Coffee Shop Success Factors
Morning traffic
Essential
Office density
Essential
Competition
Essential
Parking
Essential
Ambiance potential
Essential
Wi-Fi infrastructure
Essential
Seasonal Considerations for Memphis
Summer iced drinks
Winter specialty drinks
Student seasons
Memphis Neighborhood Guide
Commercial corridors serving $48K earners
Downtown Memphis
High Potential
Highest foot traffic in city
Premium pricing potential
Diverse customer base
Business District
Strong Weekday
Office worker demographics
Peak lunch & after-work hours
Catering opportunities
Suburban Areas
Growth Area
Family-oriented demographics
Lower competition density
Ample parking available
Memphis vs Other United States Cities for Coffee Shops
Market Signals
Coffee Shop Insights Unique to Memphis
Every business + city URL now shows a different mix of ratios, rent dynamics, and demand levers.
02
Memphis coffee shop economics: $125K investment, $48K target demographic, 2.6x cost-to-income.
03
$125K startup. $20,000/mo rent. 31 income-months to recoup.
04
In Memphis, Ambiance potential becomes the tiebreaker.
05
Compared to Atlanta, Memphis scores -22 points higher—explaining the real estate premium.
FAQ
Coffee Shop FAQs for Memphis
Each answer references real Memphis data so this section is unique across the site.
How does Memphis compare to other coffee shop markets?
Memphis outranks Atlanta by -22 points for coffee shops, reflecting stronger fundamentals across income, traffic, and competition.
What playbook works best for coffee shops in Memphis?
Traffic 68. Balanced. Mix storefront and digital.
What makes the Memphis market distinctive?
Memphis coffee shop economics: $125K investment, $48K target demographic, 2.6x cost-to-income.
What operational lever matters most for coffee shops in Memphis?
Ambiance potential should lead your playbook when launching in Memphis.
Data Sources & Methodology
Our analysis combines multiple authoritative data sources
Economic Data
- World Bank Open Data
- International Monetary Fund (IMF)
- National Census Bureaus
Business Intelligence
- Ease of Doing Business Index
- Global Innovation Index
- Industry Association Reports
Demographics
- UN Population Division
- Municipal Open Data Portals
- Consumer Expenditure Surveys
Real Estate
- Commercial Real Estate Listings
- CoStar Market Analytics
- Local Zoning Databases
Methodology Note: Our opportunity scores are calculated using a weighted algorithm that considers population density, income levels, competition saturation, commercial rent costs, and industry-specific success factors. Data is refreshed quarterly from authoritative sources. Individual results may vary based on specific business circumstances, local regulations, and market conditions not captured in aggregate data.
Ready to Open Your Coffee Shop in Memphis?
Moderate - Strategic Entry with a 69/100 opportunity score, moderate competition, and a 68/100 foot traffic index. With moderate saturation, Memphis rewards operators who execute fundamentals exceptionally well. Invest in staff training, consistent quality, and local community engagement over the next 6-12 months to build sustainable advantage.