Downtown Brockville has an entrepreneurial offer available! It’s been identified through market research and public feedback that a Hardware store could be a lucrative business Downtown. With the help of the My Main Street local business accelerator program, we’ve been able to reinforce this with data.
The total yearly spend for Downtown Brockville residents is projected at nearly $4 million per year ($3,997,967). This averages out to $670 per household. With there being no other Hardware stores in the vicinity of downtown, this business would have no direct competition in the defined BIA area (add context re: streets or what the locals might call downtown i.e "main street). In addition to serving walk-in customers, a hardware store also has a unique opportunity to not only serve regular the public but also other businesses downtown. There are constant renovations happening in the downtown area which would drive sales.
Additional data from a 3rd party company (Potluc) asked Brockville locals various questions regarding their normal visiting habits and what they’d like to see in their downtown. A hardware store was the 2nd highest voted retail store with 49% of respondents saying they saw the need and would purchase goods if available.
If you are interested in learning more about this new business opportunity and how the My Main Street Local Business Accelerator program can assist, please complete the short form linked below and your community Ambassador will be in touch with you
