Acre Restaurant
Acre Restaurant is a privately held, single-location modern American fine dining establishment in East Memphis, Tennessee. Founded in 2011 by Chef Wally Joe and partners Frank and Mary Stanley, it serves chef-driven seasonal cuisine, private dining, and catering to local fine-dining patrons and Mid-South event hosts.
- Company typePrivate
- Founded2011
- HeadquartersNew Memphis, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Acre Restaurant does
Acre Restaurant is a privately held, single-location modern American fine dining establishment operating at 690 South Perkins in East Memphis, Tennessee since its opening in summer 2011. The restaurant occupies a meticulously renovated midcentury home on a tree-lined acre and seats 70 across four environments — a bar area, main dining room, south-side Sunroom, and outdoor patio — supplemented by a 12-seat private dining room with audiovisual capabilities. Dinner service runs Tuesday through Saturday from 5pm to 9pm, with reservations accepted only by phone.
The core offering is chef-driven, seasonally rotating cuisine led by Chef and partner Wally Joe and Executive Chef Andrew Adams, combining Southern roots with Asian accents and classical French technique. The menu prices small plates from $6 to $110 (caviar), entrees from $35 to $76 (USDA Prime beef, veal, bronzino), and desserts at $12–$13. Beverage is a meaningful revenue layer: an extensive wine program (bottles $20 to over $6,000, with 15–20 wines by the glass and quartino options) and a craft cocktail program using house-made syrups and infusions. Supporting products include on-site and off-site catering for events of 4 to 400 guests (launched July 2014), private dining with AV infrastructure for celebrations and corporate functions, and a mobile-optimized website plus Facebook page for marketing and reservations inquiry.
Revenue is generated transactionally — per-cover dine-in service, bar sales, and catering engagements — with no subscription, membership, or loyalty program. The customer base is dual-segment: fine-dining enthusiasts (locals and Mid-South visitors) and event/corporate hosts. Ownership is concentrated among the chefs and longtime Memphians Frank and Mary Stanley, the primary financial partners who funded the two-year renovation; there is no institutional, venture, or private-equity investment. Distribution is fully direct-to-consumer through the physical premises, with no third-party delivery integration evidenced. Underlying technology is conventional restaurant technology (POS, mobile website, email list) — there is no proprietary platform or AI/ML capability.
Acre Restaurant firmographics
Firmographics- Name
- Acre Restaurant
- Legal name
- Acre Restaurant
- Website
- https://acrememphis.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Acre Restaurant is a privately held, single-location modern American fine dining establishment in East Memphis, Tennessee. Founded in 2011 by Chef Wally Joe and partners Frank and Mary Stanley, it serves chef-driven seasonal cuisine, private dining, and catering to local fine-dining patrons and Mid-South event hosts.
- Ownership category
- akta.pro rank
Acre Restaurant industry classification
Industry- Product category
- Fine Dining Restaurant
- NAICS
- Full-Service Restaurants (722511)
- akta.pro primary industry
- Fine Dining Restaurants (THAFACAA)
- akta.pro secondary industry
- Farm-to-Table & Contemporary American Restaurants (THAFACAF)
Keywords
Where Acre Restaurant is headquartered
LocationHeadquarters
- HQ city
- New Memphis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Acre Restaurant business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure
Revenue model
- Dine-in Service: Full-service fine dining restaurant offering appetizers, entrees, desserts, and beverages. Revenue generated from food and beverage sales during regular dining hours.
- Catering Services: On-site and off-site culinary services for events ranging from 4 to 400 people. Partial or full service catering available.
- Bar Service: Full bar with artisan cocktails, extensive wine list, and specialty drinks. Wine by glass, bottle, or quartino.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Dinner Menu - Small Plates |
| Unit Pricing | Pay-as-you-go | Dinner Menu - Entrees |
| Unit Pricing | Pay-as-you-go | Dessert Menu |
| Unit Pricing | Pay-as-you-go | Wine List |
| Unit Pricing | Pay-as-you-go | Artisan Cocktails |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Acre Restaurant product offering
Product offeringCore offering
Acre Restaurant operates a 70-seat modern American fine dining restaurant in East Memphis, Tennessee, serving dinner Tuesday through Saturday. The menu combines classical French techniques with Asian and Southern influences, prepared by chefs Wally Joe and Andrew Adams. Beyond the main dining room, Acre offers a 12-seat private dining room with AV capabilities and on-site/off-site catering for events ranging from 4 to 400 guests.
Product overview
Acre Restaurant is a single-location modern American fine dining restaurant in Memphis, Tennessee, operated as a unified dining experience rather than a platform architecture. The core offering is the fine dining restaurant service featuring Wally Joe and Andrew Adams' inventive cuisine combining Southern roots with Asian influences and classical French techniques. Supporting offerings include catering services for events of 4-400 guests, a 12-seat private dining room with AV capabilities, and a comprehensive beverage program featuring artisan cocktails and an extensive wine list. Digital presence includes a mobile-optimized website for reservations and menu browsing.
Differentiator
Problem solved
Functional benefit
Products and services
- Fine Dining Restaurant Modern American fine dining restaurant offering inventive cuisine prepared by chefs Wally Joe and Andrew Adams, with a dynamic menu featuring seasonal ingredients, small plates, shareables, and entrees rooted in classical French techniques with Asian and Southern influences. Serves individual diners and walk-in guests Tuesday through Saturday 5pm-9pm.
- Catering Services On-site and off-site culinary services for events ranging from 4 to 400 people, offering partial or full service catering to fit various needs and budgets. Targets event hosts, corporations, and individuals planning private functions.
- Private Dining A 12-seat private dining room available for celebrations and business events, equipped with large screen HD television, HDMI/VGA/iPad connections, and customizable music and menu options.
- Artisan Cocktail Bar Full bar with specialty cocktails using premium ingredients, house-made syrups and infusions, featuring variations of classic prohibition-era cocktails and custom drink creation.
- Wine Program Extensive wine list featuring boutique producers, limited production wines, and rare varietals, with 15-20 wines available by the glass or quartino, and bottle prices ranging from approximately $20 to over $6,000.
Quantifiable outcome
- 3.5 stars from The Commercial Appeal on opening
- +2 more outcomes
Companies that use Acre Restaurant
Customer profileSegments2 records
Ideal customer profiles2 records
Acre Restaurant technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Acre Restaurant partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- Doug EnochminorLocal residential architect who designed the renovation of the existing home, creating a space that feels both extraordinary and at home in the neighborhood.
- Gwen DriscollminorMemphis native and interior designer who designed ACRE's interiors, working with Mary Stanley to create environments that compliment the cuisine, put diners at ease, and create a sense of excitement.
- Robert DutescominorPhotographer whose breathtaking images of Sable Island horses (from the island off Nova Scotia's coast) dominate the main entrance and dining areas. These images serve as a parallel for the unique and indefinable nature of ACRE.
- Local Artisans and CraftsmenminorLocal artisans and craftsmen commissioned to create unique design elements including wrought iron accents and light fixtures throughout the restaurant.
- Local Farmers and Food ProducerscoreACRE is committed to sourcing food products from as many area producers as possible, emphasizing locally sourced ingredients in their cuisine.
Scale indicators5 records
Recent moves5 records
Expansion highlights4 records
Acre Restaurant competitors and assessment
Company assessmentDirect peers
- Folk's Folly Prime Steak House: Long-established Memphis upscale steakhouse and fine-dining institution. Comparable target customer (high-income Memphis locals and business diners), premium pricing, and event/private-dining offerings within the same metro.
- Restaurant Iris: Chef-driven contemporary American fine dining restaurant in Memphis, similar in size, check size, and Mid-South market to Acre. Both compete directly for upscale Memphis diners seeking chef-led tasting-style experiences.
- Lusco's Restaurant: Historic fine-dining institution in Greenwood, Mississippi serving the broader Mid-South. Shares Acre's regional Southern fine-dining identity and farm-to-table sourcing ethos in a similar mid-size Southern market.
- The Majestic Grille: Chef-owned upscale American restaurant in Midtown Memphis. Comparable single-location fine-dining format, similar check size, and direct overlap on locally-sourced, contemporary-American cuisine in the Memphis market.
- Andrew Michael Italian Kitchen: Chef-driven Memphis restaurant known for contemporary Italian and Southern-influenced cuisine. Comparable local sourcing, chef-led identity, and Mid-South fine-dining positioning to Acre.
- Chez Philippe at The Peabody: Classic French fine dining restaurant inside The Peabody Hotel in Memphis. Overlaps with Acre on classical French technique and high-end local Memphis diners; operates within a hotel with broader amenity infrastructure.
Broad incumbents
- Commander's Palace: Iconic New Orleans fine-dining institution where Acre's Executive Chef Andrew Adams previously cooked under Chef Jamie Shannon. Comparable chef pedigree, classical technique, and destination-status positioning, but at much larger scale and broader brand footprint.
Market position
Strengths5 records
Weaknesses6 records
Competitive moat3 records
Key highlights7 records
Customer concentration
Acre Restaurant social profiles
Digital presenceAcre Restaurant financial estimates
Financial estimateRevenue estimate
Valuation estimate
Acre Restaurant leadership team
Management profileNumber of profiles
Profiles2 records
Acre Restaurant funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Acre Restaurant M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Acre Restaurant
What does Acre Restaurant do?
Acre Restaurant operates a 70-seat modern American fine dining restaurant in East Memphis, Tennessee, serving dinner Tuesday through Saturday. The menu combines classical French techniques with Asian and Southern influences, prepared by chefs Wally Joe and Andrew Adams. Beyond the main dining room, Acre offers a 12-seat private dining room with AV capabilities and on-site/off-site catering for events ranging from 4 to 400 guests.
Is Acre Restaurant a public or private company?
Acre Restaurant is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Acre Restaurant founded?
Acre Restaurant was founded in 2011. It employs 11 to 50 people.
Where is Acre Restaurant based?
Acre Restaurant is headquartered in New Memphis, United States, in the North America region.
How does Acre Restaurant make money?
Three revenue lines are on record. Dine-in Service is the primary driver. The others are catering Services and bar Service.
Who are Acre Restaurant's main competitors?
Direct peers on record are Folk's Folly Prime Steak House, Restaurant Iris, Lusco's Restaurant, The Majestic Grille, Andrew Michael Italian Kitchen and Chez Philippe at The Peabody. Commander's Palace is listed as a broad incumbent.
Does Acre Restaurant have an API?
No public API is recorded for Acre Restaurant.
What industry is Acre Restaurant in?
Acre Restaurant's product category is Fine Dining Restaurant. Its primary akta.pro industry code is THAFACAA, Fine Dining Restaurants, with a secondary code of THAFACAF, Farm-to-Table & Contemporary American Restaurants. Its NAICS code is 722511.