Join Club

Small Business Focus: Be running up that hill, be running up those stats

This column is sponsored by BizLaunch, a division of Arlington Economic Development.

In a previous Small Business Focus, we presented information from our market research database Demographics Now. In this month’s Small Business Focus, we wanted to revisit those databases and highlight another report that business owners can access called Consumer Expenditure Food, Beverage, Grocery Detail Comparison.

How is this helpful?

If you’re considering opening a restaurant or food service venture, data from the Consumer Expenditure report can give you helpful data on average household annual expenditures on various categories such as food away from home, bakery products and alcoholic beverages. Additionally, this report provides a five-year forecast.

For example, after looking at the data, it shows that Arlington households spend more on purchases of alcohol than neighboring jurisdictions do. On average, Arlington households spent $705.92 in 2021 on alcohol purchases, whereas our neighbors in Alexandria, D.C. and Fairfax spent $651.26, $667.13 and $673.76, respectively.

So how much do households in other jurisdictions spend annually on alcohol? Here is how Arlington compares to the region regarding annual alcohol expenditures.

Therefore, if someone is looking to open a restaurant, they’d want to also serve alcohol to capture additional sales. Many restaurants opt to have alcohol because of the added markup that alcohol sales provide.

Starting a business is like running up a hill, but with BizLaunch’s free database, you have the power to make smart business decisions. Our free databases provide up-to-date information on demographics, industries and business intelligence so your small business can start successfully.

For more information about BizLaunch visit www.bizlaunch.org, or book an appointment with one of our BizLaunch experts today.

Recent Stories

Good Wednesday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…

Arlington is receiving nearly $300,000 in federal funds to help clean up the Chesapeake Bay. The money is part of a much larger $206 million federal grant given to the National…

Schedule your tour today to see The Grace and Reva residences in National Landing. Located in the heart of the neighborhood’s vibrant food scene on Crystal Drive, these two residential…

James Beard semifinalist Peter Chang’s second restaurant in Arlington is expected to open next month in Crystal City. Located at 1550 Crystal Drive, the Chinese restaurant NiHao initially planned to…

Award-winning drag queen Tara Hoot is bringing her Family Fun Story Time Brunch to Arlington at Freddie’s Beach Bar! Saturday April 6 at noon! Join Tara for songs, stories, puppets, bubbles and joy! It’s not just stories, it’s a SHOW that’s perfect for kids and kids at heart–fun for everyone! Plus a tasty brunch at Freddie’s! Click the link and make your reservations now! ❤️ 🫧 🌈

Submit your own Announcement here.

The Summer 2024 STEAM (Science/Technology/Engineering/Arts/Math) Fellowship application is now open! Apply by April 15 to be considered!

The STEAM Workforce Development Teacher Fellowship provides Arlington Public Schools (APS) high school, middle school, and elementary school teachers with opportunities to learn about workplace needs in STEAM-related fields and for them to use the experience to enhance student learning to match workplace expectations in a selected industry. STEAM Fellows participate in a three-week summer fellowship, receiving a $4,000 stipend upon completion.

Applicants planning to pursue a fellowship in the arts must demonstrate how they will build connections between the arts and science, technology, engineering, or mathematics.

Click the button to learn more, share, apply, and see the variety of fellowships completed in previous years.

Read More

Submit your own Announcement here.

ACFCU’s Homebuying 101: Steps to Getting Pre-Approved

Are you ready to jump into homeownership, or have you started considering it but don’t know where to start?

Financial preparation is key when thinking about purchasing your first home and the first step to getting pre-approved. Join ACFCU for

Free Right-Sizing Workshop – How to Get Rid of Your…

Cody Chance and Dick Nathan of Long & Foster are hosting a free workshop at our office on Cherry Hill Rd. (formerly Lee Highway) on the topic of “down-sizing” Thursday, March 28 from 5:30-7:30. We have created a workbook with

×

Subscribe to our mailing list