Ten Ichi Mart

Retail · New York, NY

Business Summary

Ten Ichi Mart is a retail business located at 188 Berry Street, Brooklyn, NY, 11249. Situated in a ethnic enclave area of New York City, this convenience retail establishment serves the local community. The local retail market shows moderate growth driven by population density and neighborhood foot traffic.

Location & Competitors

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Neighborhood
ethnic enclave
Foot Traffic
low-to-moderate
Parking
nearby municipal lot
Transit Access
near subway station
Nearby Landmarks
McDonald'sDunkin'Starbucks

Competitive Landscape

BusinessDistanceDigital ScoreThreat Level
Urban Pantry
New York, NY
1.30km
62/100
Average
Medium
Prime Stop
New York, NY
1.40km
60/100
Average
Medium
Bodega Fresh
New York, NY
2.20km
50/100
Average
Medium

Competitive Summary

Showing 3 of 3 competitors within 5km.

Financial Estimates

Revenue Range

ConservativeExpectedOptimistic

Financial Overview

Estimated Value$270K-$2775K
Industry Margin3-9%
Entry Cost$51K-$435K

Market Analysis

Market Size$3.5B
Trendgrowing
SeasonalitySeasonal peaks during holidays and events

Consumer Trends

specialty product demandexperiential retailsustainability focus

SWOT Analysis

Strengths

Internal advantages

  • Established convenience retail presence in ethnic enclave neighborhood
  • Serves essential local demand for convenience retail
  • Strategic New York City location with urban density advantages

Weaknesses

Areas for improvement

  • Limited digital presence (score: 40/100)
  • Competitive retail landscape in NYC
  • High operating costs including rent and labor

Opportunities

External potential

  • Expand online ordering and delivery options
  • Growing demand for convenience retail in urban neighborhoods
  • Leverage social media for local customer acquisition

Threats

External risks

  • Rising commercial rents in New York City
  • Competition from larger chains and e-commerce
  • Economic fluctuations affecting consumer spending

Strategic Recommendations

Quick Wins

Implement this week

Create Google Business Profile and collect reviews

Launch social media presence on Instagram

Implement a simple loyalty/rewards program

Growth Strategies

1-3 months

Risks to Monitor

Ongoing vigilance

Digital Score

40/ 100
Fair

Quick Stats

Competitors3
Est. Revenue$135-555K
Market Trendgrowing
Digital Score40/100

Contact Info

188 Berry Street, Brooklyn, NY, 11249, 11249
Used by 200+ businesses

What Top Competitors Already Know

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

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