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In Memphis, Visibility becomes the tiebreaker.
Data-Driven Market Intelligence
Best Restaurant Location in Memphis
Marketlyzer calculates a 69/100 opportunity score for restaurants in Memphis, supported by moderate competition and $48,000 average income, plus a 68/100 foot traffic index.
5.3:1 entry cost versus resident earnings in Memphis pushes Restaurants toward efficiency-first models
69/100 opportunity score
1,348,000 metro residents
$48,000 average income
48/100 launch timing score
Moderate - Strategic Entry
628K
City Population
$48K
Avg Income
Moderate
Business Density
5
Key Industries
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Find the Best Restaurant Location in Memphis
Use our AI-powered map to discover the perfect street address in Memphis. Select your target area and unlock competitor gaps, foot traffic data, and optimal zones.
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Restaurant Finder
Memphis, United States
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✓ Competitor map
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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
Restaurant Opportunity Score
Data-driven potential for success in Memphis based on 7 key market factors
69
/ 100
Market Opportunity
Based on 7 comprehensive market factors
Moderate Opportunity
Financial Overview
Average Startup Cost
$255,000
Industry Success Rate
18%
Expected ROI Timeline
18-36 months
Customer Draw Radius
800m
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Unique Market Intelligence
Memphis Restaurant Insights
Data-driven analysis unique to this market combination
Market Position Analysis
Unique positioning insights for Memphis
5.3:1 entry cost versus resident earnings in Memphis pushes Restaurants toward efficiency-first models
High 67,400 residents per spending unit delivers built-in market demand
Competition sits moderate for Restaurants in Memphis, which rewards innovation (foot traffic: 68)
Memphis's Entertainment presence delivers 1x customer base advantage for Restaurants
Competitive Market Position
How Memphis ranks nationally for restaurants
Memphis's 69.2/100 score indicates moderate opportunity, ranking in the 50th percentile for Restaurant success factors
Strategic Recommendations
Actionable strategies tailored for Memphis
⏰ Strategic timing: Plan Memphis entry over next 15-20 months to align with peak growth cycle. High expansion rates make waiting for 'perfect' conditions less critical than consistent execution.
📍 Real estate advantage: Memphis's $20/sqft lets you lock in prime corners that'd cost 2-3x elsewhere. The 68 traffic index means investing in storefront appeal and local marketing to compensate for lower natural flow.
💰 Volume-margin balance: $48,000 average income in Memphis demands competitive pricing, but your $255,000 startup costs require sufficient margins. Focus on operational efficiency and high table-turns/Restaurant throughput rather than racing to bottom on price.
📢 Guerrilla + digital mix: Memphis's 68 traffic and moderate incomes mean cost-effective marketing is essential. Focus on free channels: Google Business optimization (0 cost), community engagement, local partnerships, supplemented by small but targeted Facebook ads ($500-1000/month).
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
- Holiday dining
- Summer outdoor seating
- Event catering opportunities
Restaurant Market Analysis for Memphis
Why Memphis for Restaurants?
- Metro population of 1,348,000 provides large customer base
- Average income of $48,000 supports restaurant spending
- Moderate business density indicates healthy economic activity
- Strong foot traffic opportunities throughout the city
- Strong demographics opportunities throughout the city
Restaurant Success Factors
Foot traffic
Essential
Demographics
Essential
Competition density
Essential
Parking availability
Essential
Visibility
Essential
Local cuisine preferences
Essential
Seasonal Considerations for Memphis
Holiday dining
Summer outdoor seating
Event catering opportunities
Best Memphis Neighborhoods for Restaurants
Data-driven analysis of optimal areas based on restaurant success factors
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 Restaurants
Market Signals
Restaurant Insights Unique to Memphis
Every business + city URL now shows a different mix of ratios, rent dynamics, and demand levers.
02
Compared to Atlanta, Memphis scores -22 points higher—explaining the real estate premium.
03
Memphis achieves 69/100 on restaurant viability metrics, leveraging $48,000 income levels and 68/100 foot flow.
04
Memphis's Entertainment presence delivers 1x customer base advantage for Restaurants
05
Memphis's 69.2/100 score indicates moderate opportunity, ranking in the 50th percentile for Restaurant success factors
FAQ
Restaurant FAQs for Memphis
Each answer references real Memphis data so this section is unique across the site.
What makes the Memphis market distinctive?
Memphis's Entertainment presence delivers 1x customer base advantage for Restaurants
What operational lever matters most for restaurants in Memphis?
Visibility should lead your playbook when launching in Memphis.
How does Memphis compare to other restaurant markets?
Benchmarked against Atlanta, Memphis delivers -22 additional opportunity points—driven by superior market conditions.
What playbook works best for restaurants in Memphis?
📍 Real estate advantage: Memphis's $20/sqft lets you lock in prime corners that'd cost 2-3x elsewhere. The 68 traffic index means investing in storefront appeal and local marketing to compensate for lower natural flow.
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 Restaurant 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.