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.
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(This Community Post was written by Signature Theatre and underwritten by Embracing Arlington Arts.)
Signature Theatre just released single tickets for all 33rd season productions, which highlights the organization’s long-time relationship with legendary composer Stephen Sondheim. Beginning with the musical adaptation of The Color Purple and irreverent No Place to Go, the season continues with three Sondheim musicals, the DC premieres of Off-Broadway hit Which Way to the Stage and Pulitzer Prize finalist Selling Kabul, the Tony Award®-winning rock musical Passing Strange, and return of Signature’s cabaret series honoring legendary artists.
“Last November, the world lost an icon. The death of Stephen Sondheim was a blow to everyone in the theater community. Signature Theatre would not be the same without Sondheim — he IS Signature’s ‘signature.’ This season, we are honoring the legend with productions of Into the Woods, Pacific Overtures and Sweeney Todd dedicated to his memory. These shows represent the diversity and range of Sondheim,” said Signature’s Artistic Director Matthew Gardiner about the new season.
MEGA Wine Tasting
Join us Sunday, Aug 28 from 12-3pm for our MEGA Wine Tasting
How it Works:
We’ve invited all our wine vendors that we work with to bring 6-10 wines in their portfolio (wines that are usually not carried at Osteria
Running & Strength Training Group Workout #1
Join our first workout of Coach Kate’s fall Running & Strength Training Program on Tuesday, August 30 at 6:30 a.m. at Oak Grove Park.
First/trial session is Free Of Charge. If you would like to join the program — which