Pata Market

Retail · New York, NY

Business Summary

Pata Market is a retail business located at 81-16 Broadway, New York, NY, 11373. Operating in a suburban retail strip area of the New York City metro near Empire State Building, this store serves one of the densest and most diverse consumer markets in the US. The local retail landscape is shaped by high foot traffic, cultural diversity, and intense competition from both chains and independents.

Location & Competitors

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Neighborhood
suburban retail strip
Foot Traffic
moderate
Parking
limited street parking
Transit Access
near subway station
Nearby Landmarks
MarshallsDuane ReadeWalmart

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Five Below
New York, NY
1.10km
40/100
Weak
Medium
Marshalls
New York, NY
1.10km
49/100
Average
Medium
Target
New York, NY
1.30km
33/100
Weak
Medium

Competitive Summary

Showing 3 of 3 competitors within 5km.

Financial Estimates

Revenue Range

ConservativeExpectedOptimistic

Financial Overview

Estimated Value$1102K-$5427K
Industry Margin2-6%
Entry Cost$80K-$500K

Market Analysis

Market Size$85B NYC retail
Trendsteady with digital shift
SeasonalityPeak during holiday season, back-to-school, and summer sidewalk sales

Consumer Trends

experiential retailmicro-fulfillment centersethnic specialty goods growth

SWOT Analysis

Strengths

Internal advantages

  • Physical presence in high-density NYC retail market
  • Serves diverse customer base in suburban retail strip setting
  • Proximity to Empire State Building drives walk-in traffic

Weaknesses

Areas for improvement

  • Low digital presence (score: 52/100)
  • Thin retail margins under NYC cost pressure
  • Competing against major chains with deeper resources

Opportunities

External potential

  • E-commerce expansion to reach beyond walk-in customers
  • Growing demand for local and culturally specific products
  • Same-day delivery partnerships opening new revenue channels

Threats

External risks

  • Amazon and online retail eroding brick-and-mortar share
  • NYC commercial rent increases squeezing profitability
  • Economic downturns reducing discretionary retail spending

Strategic Recommendations

Quick Wins

Implement this week

Create Instagram showcasing products and local community

Add contactless payment and Apple Pay support

Create a simple e-commerce site for local delivery

Growth Strategies

1-3 months

Launch a referral program with neighborhood discounts

Develop private-label product lines with higher margins

Open pop-up shops at local markets and street fairs

Risks to Monitor

Ongoing vigilance

Rising commercial rent in NYC metro area

Competition from Amazon and online retail giants

Labor shortages and minimum wage increases

Startup Ideas

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Digital Score

52/ 100
Fair

Quick Stats

Competitors3
Est. Revenue$679-1838K
Market Trendsteady with digital shift
Digital Score52/100

Contact Info

81-16 Broadway, New York, NY, 11373, 11373
Most popular

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