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Businesses for Sale | Memphis, Tennessee

Discover business opportunities, in or around Memphis, with well-established brands, who are looking for people like you to help them grow.

As of the 2024 ACH Map Data, Memphis, located in The Volunteer State had a total population of 633,325 people.

Top Franchise Opportunities in Memphis, Tennessee on Franchise.com for 2025
Order Franchise Name Industry Name Available Capital
1Business Opportunities$100,000
2Pet Franchises$150,000
3Financial Franchises$30,000
4Financial Franchises$70,000
5Food Franchises$200,000
6Computer & Internet Franchises$10,000
7Automotive$100,000
8Child Related Franchises$50,000
9Home Based Franchises$30,000
10Pet Franchises$100,000

City Statistics and Other Information About Memphis

Demographics

From a total population of 633,325, Memphis has a median age of 34. The average age of males, in Memphis, is 32 while the average age of females is 35. When you compare the median age of men and women in Memphis, there is an average difference of 2.83 years.

Income

The median income of individuals, in Memphis, is $35,568 while the average household income is $53,353. In 2029, the average income per capita for Memphis is expected to be $35,568.

Additional Information

37501 - 38197
Shelby County

Is Memphis the Best Location for Franchise Opportunities and Growth?

What is the average income in Memphis?

The median household income in Memphis is $53,353, providing insight into the financial conditions of local residents and their ability to support businesses.

Is Memphis an affordable place to start a franchise?

With a median income of $53,353, Memphis presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.

How does Memphis's income compare to other locations?

The median income of $53,353 in Memphis is below the national median income of $80,610, influencing local consumer spending habits and franchise potential.

Does Memphis have a stable workforce to support my business?

Absolutely! With 142,181 employed individuals, Memphis offers a solid labor force to support franchise growth.

Is Memphis a growing economy?

With a workforce of 142,181 and a median household income of $53,353, Memphis provides an emerging economic environment for new business opportunities.

Does homeownership in Memphis indicate a stable market?

Homeownership rates at 114,455 show a strong local investment in the community, which benefits long-term franchise success.

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