Leverage online demand to give your business an often-unseen advantage. We help businesses find ideal location(s) using advanced local market research for our online-centric world. The primary value of location analysis is to factor in different variables (data sets) to find high potential location(s) that yield bustling businesses. Our largest client has over 450 locations, and our smallest has one. There’s great value for every business in-between.
Location Analysis Report
Location Analysis Report assists in finding location(s) where there is less competition and/or more demand, increasing sales exceeding the often-added commercial property costs. The report succeeds at this goal by using an in-depth, data-driven approach to find maximum yielding location(s), which substantially increase profits for local businesses.
Billions of local intent searches occur every day online at Google, Apple, Bing, Yelp, and many more websites and apps. Many service-based and brick-and-mortar businesses have their business in a less than ideal location to maximize the online search inventory(demand). For example, there are over 20 million Google searches a year for local auto repair shops, combing traditional data sets like demographic data with progressive data sets like online searches is critical for finding success in our changing economy.
Example industries in which online demand has an exponential impact:
Restaurants (Chinese, Thai, Italian, etc.)
Auto Repair Shops
Home Services (Roofing, Plumber, Painters, Cleaners, Lawn Care, etc.)
And thousands more
Theoretical Location Examples for Local Businesses
Results will vary drastically due to different data sets and forecasting models.
3-Mile Radius Average Household Income: $85,000
3-Mile Radius Population: 50,000
Medium-High Competition within 3-Mile Radius
Commercial Real Estate Value: $400,000
Average Sales Order: $350
Average Monthly Jobs Inventory: 2,000
Business Market Share: 10%
Average Jobs Completed: 200
Total Sales: $70,000
Retention Rate: 30%
3-Mile Radius Average Household Income: $150,000
3-Mile Radius Population: 70,000
Low Competition within 3-Mile Radius
Commercial Real Estate Value: $600,000
Average Sales Order: $450
Average Monthly Jobs Inventory: 3,000
Business Market Share: 15%
Average Monthly Jobs Completed: 450
Average Monthly Total Sales: $202,500
Retention Rate: 40%
Forecasted Sales By Year
Year One: $840,000
Year Two: $1,092,000
Year Three: $1,344,000
Year Four: $1,344,000
Year One: $2,430,000
Year Two: $3,402,000
Year Three: $4,374,000
Year Four: $4,374,000
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