How Much Does It Cost to Open a Restaurant / Food Truck in Memphis, TN? (2026)
Estimated startup costs adjusted for Memphis's cost of living (86.0% of national average).
First-Year Total (Mid)
$240,972
Range: $110,166 – $493,984
One-Time Costs (Mid)
$79,980
Range: $29,670 – $172,000
Monthly Costs (Mid)
$13,416/mo
Range: $6,708 – $26,832
One-Time Startup Costs
Upfront investment needed to open
| Expense | Low | Mid | High |
|---|---|---|---|
| Equipment | $17,200 | $43,000 | $86,000 |
| Initial Inventory | $2,580 | $6,880 | $12,900 |
| Licenses & Permits | $860 | $2,580 | $4,300 |
| POS System | $430 | $1,720 | $4,300 |
| Renovations | $8,600 | $25,800 | $64,500 |
| Total One-Time | $29,670 | $79,980 | $172,000 |
Monthly Operating Costs
Recurring expenses each month
| Expense | Low | Mid | High |
|---|---|---|---|
| Food Costs | $4,300 | $8,600 | $17,200 |
| Insurance | $258 | $516 | $1,032 |
| Rent | $1,720 | $3,440 | $6,880 |
| Utilities | $430 | $860 | $1,720 |
| Total Monthly | $6,708 | $13,416 | $26,832 |
First-Year Budget Summary
| Category | Low | Mid | High |
|---|---|---|---|
| One-Time Startup Costs | $29,670 | $79,980 | $172,000 |
| Monthly Costs x 12 | $80,496 | $160,992 | $321,984 |
| Total First Year | $110,166 | $240,972 | $493,984 |
All estimates are adjusted for Memphis's cost of living index (86.0). National average = 100. A higher index means higher costs.
About Memphis, TN Business Costs
Memphis, TN has a cost of living index of 86.0 (where 100 is the national average). This is below the national average, meaning your money goes further here. You can expect to save roughly 14% compared to national averages on most expenses.
The estimates above use national average startup costs for a restaurant / food truck, adjusted by the local cost of living factor (0.86x). Actual costs will vary based on your specific location within Memphis, the size of your operation, and current market conditions.
Restaurant / Food Truck Startup Costs in Other Cities
Other Business Types in Memphis, TN
Start a bakery, coffee shop, or cafe. Includes equipment, build-out, inventory, and ongoing operating costs.
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Consulting / Professional ServicesStart a consulting firm or professional services business. Low overhead with focus on expertise, marketing, and client acquisition.
E-Commerce / Online StoreLaunch an online store or e-commerce business. Covers platform costs, initial inventory, shipping setup, and digital marketing.
Gym / Fitness StudioOpen a gym, fitness studio, yoga studio, or CrossFit box. Covers equipment, space build-out, and operations.
Retail Store / BoutiqueStart a retail store, boutique, or shop. Includes fixtures, inventory, point-of-sale, and monthly operating costs.
Salon / BarbershopLaunch a hair salon, barbershop, or beauty studio. Includes stations, build-out, licensing, and supplies.
Need a More Detailed Estimate?
Use our interactive startup cost calculator to customize expenses for your specific situation.
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