The very best breakfast chow in Memphis is to be found at Brother Juniper's College Inn - it's on Walker Ave. (off Highland, right in the middle of the "strip.") This is in the University of Memphis area and frequented by students as well as businessmen/women. This is true "southern" food. One biscuit is a meal in itself - they are huge and heavy (but good!) Just about anything you can get there will be tasty, but I love the breakfast burrito (I know it sounds weird...just try it.)
They were bought in the last year and are now serving lunch and possibly dinner - but I haven't tried it.
Oh, if you go on a weekend, get there early - if you wait until 7:30 or 8:00 am, you will be standing in line for awhile! The place is a hole in the wall and tiny, but the food is great.
Mmmm, making me hungry...