ZIP 38111 — Business Opportunities

Top business opportunities in 38111

The highest-scored business categories to consider opening in Memphis, TN, based on demand (population, income, demographic fit) versus existing supply.

1. 1. Laundromats 100/100
   ~5.1 businesses underserved · confidence: high
2. 2. Convenience Stores 70/100
   ~8.4 businesses underserved · confidence: high
3. 3. Bars & Nightlife 59/100
   ~3.5 businesses underserved · confidence: high
4. 4. Fitness Centre 45/100
   ~2.9 businesses underserved · confidence: high
5. 5. Grave Yard 37/100
   ~22.5 businesses underserved · confidence: high
6. 6. Doityourself 37/100
   ~2.4 businesses underserved · confidence: high
7. 7. Recycling 37/100
   ~2.8 businesses underserved · confidence: high
8. 8. Townhall 37/100
   ~5.0 businesses underserved · confidence: high
9. 9. Department Store 37/100
   ~3.0 businesses underserved · confidence: high
10. 10. Bicycle Repair Station 37/100
    ~2.2 businesses underserved · confidence: high

What's already here — existing business mix

The most common business categories currently operating in ZIP 38111.

• Religious — 60 businesses
• Schools — 19 businesses
• Restaurants — 13 businesses
• Fast Food — 9 businesses
• Parking — 6 businesses
• Gas Stations — 5 businesses
• Park — 4 businesses
• Banking & Finance — 3 businesses
• Golf Course — 3 businesses
• Government Services — 2 businesses
• Libraries — 2 businesses
• Cafes & Coffee Shops — 2 businesses
• Alcohol — 2 businesses
• Hotels & Lodging — 2 businesses
• Sports Centre — 2 businesses

Full demographic profile

Population	42,322
Households	17,569
Median household income	$50,151
Per capita income	$38,251
Median age	33.3
% bachelor's degree or higher	38.585%
% age 18–34	26.485%
% age 65+	11.02%
% renter-occupied	46.56%
Median home value	$149,300
Median gross rent	$1,002
Unemployment rate	8.742%

Nearby ZIPs in TN

37701 Alcoa · 37694 Watauga · 37688 Shady Valley · 37687 Roan Mountain · 37686 Piney Flats · 37683 Mountain City