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10 to Watch: City Market

The following is a sneak preview of the Memphis Crossroad's 10 to Watch issue to be released next week. Click here to view previous issues of Memphis Crossroads.

You can’t guarantee what the future holds, but you can make some educated guesses by watching who’s on the move. The months ahead are looking particularly bright for these 10 local companies who have been laying the groundwork and are now poised to enjoy an exciting 2016. 
 
This is a great mix of organizations: seasoned and brand spanking new, from a fresh storefront enterprise to a firm aiming for $2 billion in sales — and every one of them focused and passionate. You’ll notice in each is a shrewd ability to see a need that isn’t being met and get ahead of it. You’ll also see those essential qualities that make a company worth looking at: innovation, anticipation and preparation. 
 
There are many reasons to cheer on Memphis as a great town for business. Here are 10 of them. 




City Market

Hamida and Sunny Mandani make bold moves but there’s nothing impetuous about their vision. The couple opened City Market in 2010 after carefully assessing there was a need for a quality grocery downtown. It continues to draw diverse customers — residents, tourists and workers — and its success prompted the couple to expand. Last year saw the opening of Quench Wine & Spirits at 99 S. Second in June, and then the unveiling of a second City Market at 836 S. Cooper in August.

Quench was born when the Mandanis realized the downtown City Market wouldn’t be big enough to add a good selection of wines next July 1 when food-store wine sales will be permitted. “So we thought, why not open a wine and spirits shop?” Hamida Mandani said. “The space was the right size across from The Peabody, so it all worked out.” As for the new City Market, “We knew it would be a good fit in the Cooper-Young area,” she said. “It’s a mixed community with youth culture and older people and families with a lot of activity. We had a great opportunity and a business plan, so we got help from the bank and expanded.”

With those recent additions, what’s next for the Mandanis? “We might be opening delis like City Market in similar neighborhoods, maybe in the University of Memphis area or in Crosstown,” Hamida said. “It’s too early to say, but we’re very excited about the possibilities.”

Story by: Jon W. Sparks
Photo by: Troy Glasgow


Posted: 3/8/2016 7:30:00 AM | with 0 comments
Filed under: 10, business, City, Crossroads, Hamida, Mandani, Market, Memphis, Quench, small, Sunny, to, Watch



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THE M BLOG
The latest news from the Greater Memphis Chamber. For more information, contact Director of Communications Christina Meek at (901) 543-3504 (cmeek@memphischamber.com) or Communications Specialist Jenny C. Fish at (901) 543-3558 (jfish@memphischamber.com).

 

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