Go to Range USA on Old Whitten rd. I live in north MS but shoot there a good bit. They are good folks and I dont think the transfer fees is too bad. Look them up on line.
Dan Hardesty's X-ring gun shop (home buisness) is cheaper. $20 per xfer last time I used him 2 years ago. Stay away from actual gun stores - they're always higher.
Go to www.gunbroker.com, find their "FFL Finder" utility, and pull a list in the Memphis area. Call 'em all and ask what they charge.