what metrics do you look for when finding a location

Discussion in 'The Think Tank' started by clownhair, Jul 14, 2018.

  1. clownhair

    clownhair Active Member

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    I am at a point where I am considering adding another store and was looking for some input from others on what metrics they find useful when looking at buildings. We are a delivery carryout location. Is there a general formula to estimate total market. How do you estimate what percent of the available market you can capture?
     
  2. UncleNicksPizza

    UncleNicksPizza Member

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    I know when I was working as an area supervisor for a large chain, I got to scout a few possible locations for them. They used to estimate $1/month per household within a 5 mile radius of the store, as monthly sales. Where this came from, I could not tell you, but all the stores I was responsible for held within 90% of that sales goal or better.
     
  3. bodegahwy

    bodegahwy Well-Known Member

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    Interesting thought process. My inclination would be to look for a location where there are a lot of restaurants nearby that seem to be doing well. The logic is that I want a big pie to carve a slice out of and I am willing to compete to get it.
     
  4. George Mills

    George Mills Well-Known Member

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    Locating near a 7-11 is good take advantage of their vast knowlidge.

    Also we would like the oppertunity to do a
     
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  5. George Mills

    George Mills Well-Known Member

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    We would like to do a plan for you and quote your equipment.

    We have done thousands of pizza shops nationwide.

    George Mills