Soha Gourmet Market

Retail · New York, NY

Business Summary

Soha Gourmet Market serves the 301 West 96th Street area as a retail establishment. With low foot traffic and good - bus routes nearby, the location benefits from strong accessibility. A digital score of 77 suggests good online capabilities with room to grow.

Location & Competitors

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Neighborhood
suburban
Foot Traffic
low
Parking
garage parking available
Transit Access
good - bus routes nearby

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Super Variety Plus
0.16km
24/100
Weak
Low
King Boy Deli
0.32km
72/100
Strong
High
4 Corners Marketplace
0.32km
77/100
Strong
High
The Health Nuts
0.32km
80/100
Strong
High

Competitive Summary

Showing 4 of 4 competitors within 5km. There are 3 digitally strong competitors nearby.

Financial Estimates

Financial Overview

Estimated Value$671,590
Industry Margin10%
Entry Cost$487,000

Market Analysis

Market Size$53M in the local area
Trendrapidly growing
Seasonalityweekend-heavy

Consumer Trends

brand-loyal, experience-seeking, convenience-driven

SWOT Analysis

Strengths

Internal advantages

  • Convenient location
  • Diverse product selection
  • Foot traffic from nearby businesses

Weaknesses

Areas for improvement

  • High NYC rent costs
  • Limited parking

Opportunities

External potential

  • Online ordering and delivery
  • Loyalty program expansion

Threats

External risks

  • Changing consumer preferences
  • Supply chain disruptions

Strategic Recommendations

Quick Wins

Implement this week

Implement a simple loyalty punch card

Start Instagram presence

Add contactless payment options

Growth Strategies

1-3 months

Expand product lines based on demand data

Partner with delivery apps

Develop e-commerce website

Risks to Monitor

Ongoing vigilance

Major competitor opening nearby

Shift to remote work reducing foot traffic

Lease renewal at higher rates

Startup Ideas

AI-generated business opportunities inspired by this analysis

1

Community Commerce App

Neighborhood-focused shopping app aggregating local store inventories for easy discovery.

2

Retail Analytics Dashboard

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

Digital Score

77/ 100
Good

Quick Stats

Competitors4
Est. RevenueN/A
Market Trendrapidly growing
Digital Score77/100

Contact Info

301 West 96th Street, New York, NY
Most popular

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