Hi all -
I am in the process of looking for spaces for a coffee shop, approximately 1500-2000 SF. I am located in a Top 10 MSA market and targeting the downtown area for this coffee shop (standalone property, no shopping mall or strip mall). I''ve sat in my car and counted foot traffic in front of two potential locations and am encouraged just in terms of the foot traffic count.
My question is does a high foot traffic count equate to some reasonable expectation that those folks will stop in the coffee shop, all things being equal. The two areas are very dense, high residential count, HH income and one is blocks from a major business district.
My concern is that while car traffic and foot traffic may be very high, this may not necessarily translate into people stopping for coffee. Is there some figure out there that shows that, for example, 1 out of 20 are likely to stop for coffee?
Thanks in advance for your input and advice.
Mies
I am in the process of looking for spaces for a coffee shop, approximately 1500-2000 SF. I am located in a Top 10 MSA market and targeting the downtown area for this coffee shop (standalone property, no shopping mall or strip mall). I''ve sat in my car and counted foot traffic in front of two potential locations and am encouraged just in terms of the foot traffic count.
My question is does a high foot traffic count equate to some reasonable expectation that those folks will stop in the coffee shop, all things being equal. The two areas are very dense, high residential count, HH income and one is blocks from a major business district.
My concern is that while car traffic and foot traffic may be very high, this may not necessarily translate into people stopping for coffee. Is there some figure out there that shows that, for example, 1 out of 20 are likely to stop for coffee?
Thanks in advance for your input and advice.
Mies