Faria Grocery

Retail · New York, NY

Business Summary

Located in 143 Nevins Street, New York, NY, 11217, Faria Grocery operates in the competitive New York retail market. The business scores 76/100 on digital readiness, indicating strong digital adoption. Emerging market trends and very high foot traffic support a positive outlook.

Location & Competitors

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Neighborhood
urban-core
Foot Traffic
very high
Parking
street parking available
Transit Access
moderate - bus access

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Brooklyn Circus
0m
82/100
Strong
High
Wyckoff Garden Deli
0.16km
80/100
Strong
High
Fast Star 2
0.16km
32/100
Weak
Medium
Papa Firo
0.16km
61/100
Average
High

Competitive Summary

Showing 4 of 4 competitors within 5km. There are 2 digitally strong competitors nearby.

Financial Estimates

Financial Overview

Estimated Value$1,141,812
Industry Margin4%
Entry Cost$179,000

Market Analysis

Market Size$279M in the local area
Trendemerging
Seasonalityweekend-heavy

Consumer Trends

quality-focused, experience-seeking, digital-first

SWOT Analysis

Strengths

Internal advantages

  • Convenient location
  • Established local presence
  • Diverse product selection

Weaknesses

Areas for improvement

  • Inventory management challenges
  • Thin margins

Opportunities

External potential

  • Niche product specialization
  • Partnership with local restaurants

Threats

External risks

  • Changing consumer preferences
  • Rising commercial rents

Strategic Recommendations

Quick Wins

Implement this week

Start Instagram presence

Add contactless payment options

Growth Strategies

1-3 months

Partner with delivery apps

Expand product lines based on demand data

Create subscription boxes

Risks to Monitor

Ongoing vigilance

Lease renewal at higher rates

Major competitor opening nearby

Shift to remote work reducing foot traffic

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Pop-Up Shop Marketplace

Platform matching empty retail spaces with short-term vendors and brands.

2

Retail Analytics Dashboard

Affordable foot traffic and sales analytics tool designed for independent retailers.

3

Hyperlocal Delivery Service

Same-hour delivery platform connecting neighborhood stores with local customers within a 10-block radius.

Digital Score

76/ 100
Good

Quick Stats

Competitors4
Est. RevenueN/A
Market Trendemerging
Digital Score76/100

Contact Info

143 Nevins Street, New York, NY, 11217, 11217
Used by 200+ businesses

What Top Competitors Already Know

See exactly how Faria Grocery stacks up: revenue projections, competitive blind spots, and 3 growth opportunities other businesses in this market are already using.

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