Independent Grocery Store

Situation

 A successful independent grocery store owner in Chicago contacted us to conduct a feasibility study for a new 10,000 square foot store on the near-north side of Chicago.

Problem

The bank required the entrepreneur to have a feasibility study completed by an unbiased third-party provider.

Solution

We visited the proposed site and walked the neighborhood, researched competitors, analyzed local demographics, reviewed historical financials from other stores, and interviewed the owner. We concluded the grocery store was feasible.

Benefit

The store opened within a year of our study, and several years later is operating successfully.

For more information, contact Andrew Clarke at 312-498-4071 or [email protected].