Memphis, August 13, 2025
News Summary
A recent survey conducted by MarketBeat has revealed that Memphis’ Arcade Restaurant is Tennessee’s favorite main street business. Established in 1919, the Arcade Restaurant offers signature dishes like sweet potato pancakes and the Fried Peanut Butter n’ Banana Sandwich. With over 3,000 participants in the survey, the restaurant topped the list, which included other local favorites such as the Tomato Head in Knoxville and Parnassus Books in Nashville. The survey highlights the important role of locally owned establishments in defining community identity.
Memphis has claimed the spotlight as the home of Tennessee’s favorite main street business, according to a recent survey conducted by MarketBeat, a financial media company. The survey engaged 3,004 participants statewide and revealed that the Arcade Restaurant, established in 1919, topped the rankings for local businesses that embody the heart of their communities.
Located at 540 S Main St., the Arcade Restaurant is notable for its vibrant neon decor and rich history, attracting both locals and visitors, including many Elvis Presley fans. The family’s signatures dishes, including sweet potato pancakes and the renowned Fried Peanut Butter n’ Banana Sandwich, contribute to its popularity and reputation as Memphis’ oldest café.
Other well-regarded businesses that followed the Arcade in the survey included the Tomato Head in Knoxville, ranking second; Parnassus Books in Nashville, coming in third; and Hatch Show Print, also in Nashville, which secured fourth place. This survey illustrates the significance of locally owned establishments in showcasing the unique charm and community spirit of Tennessee towns.
Matt Paulson, founder of MarketBeat, highlighted the role of these businesses in fostering a sense of community. The survey was designed not only to rank local favorites but also to emphasize how these establishments contribute to defining the identity of their hometowns.
The Arcade Restaurant operates daily from 7 a.m. to 3 p.m., providing a place for patrons to gather and enjoy a meal steeped in tradition. Its historical value and nostalgic ambiance are complemented by displays of old photographs, creating an inviting atmosphere for diners.
Across the state, the survey results have underscored the immense value placed on the tradition and history associated with local businesses. The ranking of these establishments reveals an appreciation for places that provide an irreplaceable social fabric for communities in Tennessee.
As the recognized favorite, the Arcade Restaurant stands out not only for its food and decor but also as a gathering place that represents the enduring spirit of Memphis and its cultural heritage.
FAQ
What was the objective of the MarketBeat survey?
The survey aimed to identify locally owned businesses that best capture the essence of their communities across Tennessee.
How many participants were involved in the survey?
There were 3,004 participants from various regions in Tennessee.
Where is the Arcade Restaurant located?
The Arcade Restaurant is situated at 540 S Main St. in Memphis, Tennessee.
What are some signature dishes at the Arcade Restaurant?
Its famous dishes include sweet potato pancakes and the Fried Peanut Butter n’ Banana Sandwich.
What other businesses ranked in the survey?
The Tomato Head in Knoxville came in second, Parnassus Books in Nashville secured third place, and Hatch Show Print ranked fourth.
What are the operating hours for the Arcade Restaurant?
The Arcade Restaurant operates daily from 7 a.m. to 3 p.m.
Survey Ranking Summary
| Rank | Business Name | Location |
|---|---|---|
| 1 | Arcade Restaurant | Memphis |
| 2 | Tomato Head | Knoxville |
| 3 | Parnassus Books | Nashville |
| 4 | Hatch Show Print | Nashville |
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Additional Resources
- WREG: Arcade Restaurant Voted as TN’s Top Local Business
- Commercial Appeal: Elvis Presley’s Favorite Memphis Restaurants
- WREG: The Arcade Restaurant Named Top Small Business in USA
- Chowhound: Elvis’ Favorite Memphis Restaurant – Vintage Diner
- Southern Living: Best Memphis Restaurants
- Wikipedia: Memphis, Tennessee
- Google Search: Arcade Restaurant Memphis
- Encyclopedia Britannica: Memphis, Tennessee
- Google News: Memphis Restaurants
- Google Scholar: Memphis Local Businesses
Author: HERE Nashville
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