What’s the True Cost of Selecting a Poor Retail Location?

Posted by Michaele Charles on Jun 22, 2023 2:08:47 PM

Location, location, location! There’s a reason real estate pros joke that the three most important factors in a piece of property are the exact same thing.

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Topics: Retail Site Selection, Analyzing Retail Sites, Restaurant Industry, Restaurant Site Selection, Sales Forecasting

Tips for Creating an Expansion Plan in Today’s Market

Posted by Michaele Charles on Sep 27, 2022 6:30:00 AM

Here’s a scenario we’ve seen a lot here at SiteSeer: an entrepreneur starts a business. Maybe it’s a retail business of some kind—a boutique clothing store, an ice cream shop, a bike shop—or maybe it’s a restaurant.

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Topics: Market Research, Market Data, Capital Planning, Retail Industry, Retail Site Selection, Restaurant Site Selection, Site Selection Analysis

Data Partner Spotlight: Restaurant Trends

Posted by Lance Blick on Oct 26, 2021 5:30:00 AM

If you’re a restaurant chain or real estate professional representing a chain that is expanding in the United States, you should be using Restaurant Trends. This data provider is one of a kind, offering competitor store-level sales data for over 480 restaurant chains across the United States, which they have tracked since 1984. They track all of the major quick-service, fast casual, and full-service restaurants in every state in the U.S.—that’s more than 184,000 locations.

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Topics: Data Partner, Site Selection Software, Restaurant Industry, Data Quality, Restaurant Site Selection

What’s Going on with Natural Organic Grocery Chains?

Posted by Lance Blick on Feb 25, 2020 5:00:00 AM

If you’re at all connected to the grocery business, you’ve probably seen the headlines about natural and organic grocery chains closing their stores:

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Topics: Retail Industry, Retail Site Selection, Site Selection Software, Restaurant Site Selection

How to Study Your Competition During Your Site Selection Process

Posted by Lance Blick on Jan 29, 2020 3:49:31 PM
Step #3 in our Site Selection Checklist for making smart site selection decisions is study your competition.

Too often, we see companies do lots of homework on their customers and trade area and launch right into an expansion plan. Understanding your customer is indeed vital to your success as you grow. But there’s another side of the equation that is extremely important: understanding who you’re going up against.

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Topics: Market Research, Retail Industry, Retail Site Selection, Site Selection Software, Restaurant Industry, Restaurant Site Selection, Competitive Analysis

How to Get to Know Your Customer Before Choosing a Location

Posted by Lance Blick on Nov 19, 2019 5:15:00 AM

Site selection done right requires many things, but at the top of the list is knowing your customers.

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Topics: Demographic Data, Retail Site Selection, Data Quality, Restaurant Site Selection

Five Tips for a Better Restaurant Site Selection Process

Posted by Lance Blick on Jul 19, 2019 12:30:00 PM

Location, location, location. Never has the phrase been truer to a business’s success than in the restaurant business. A fantastic concept in the wrong location will underperform, or worse, fail entirely. It’s important that you be diligent in your site selection. Here are five tips on how to improve your process:

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Topics: Site Selection Software, Restaurant Industry, Restaurant Site Selection

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