9024 4th Avenue
Bay Ridge Brooklyn, NY 11209
Tel: 718.492.8267
7013 3rd Avenue
Bay Ridge Brooklyn, NY 11209
Tel: 718.238.5220
Demographics is the driving indicator as to be able to whether a tanning bed business includes a chance of making the idea or not. While there are numerous other factors that procede with going into having a successful company, the demographics are where you will need to start.
The tanning bed shops and landlords will provide you demographic data but organizations times that this information may be padded. Instead, do the research yourself at no cost. Visit the Census web page and FreeDemographicsNow website and also you can search by target in multiple radius out of that location.
You is going to be looking at the availablility of people in a JUST ONE, 2 and 3 mile radius out of your proposed location. The further out people, the harder it is always to draw them in. One thing this research won't be capable of tell you is the amount of people working in a clear area. A large portion associated with people use tanning salons while in their lunch hour plus after work so sometimes the numbers is usually misleading.
With your radius established you should look at how many white males and females between the ages with 18-44, have an average family members income of $50k+ you can find, which are published sector statistics. Generally you male to female ratio will probably be 30%/70% but many are different slightly, but the male percentage has become increasing over the past not too long. A rough number to also factor is going 8% of people inside U. S. admit in order to tanning.
When you understand this number, you now hold the total market potential for the area. Divide by the total availablility of salons in a 15 mile radius and see if you have enough people to service another tanning salon. Insurance policy coverage distribution won't be of which evenly split, at least you've an educated guess concerning whether your salon may succeed.
No comments:
Post a Comment