Manistee County retail leakage - Alliance for Economic Success

WORK
MANISTEECOUNTY
ECONOMIC DEVELOPMENT GUIDE
MANISTEE COUNTY
LEAKAGE & SURPLUS
NEEDS
When looking to land your business in
the Manistee County area, the following
charts and figures outline the Retail
Marketplace Profile of the area in relation
to the County’s largest community, Manistee. The charts for leakage and surplus
illustrate key industrial sectors that are
saturated and in need for an area 10, 30
and 60 minutes in proximity to Manistee.
The charts identify industry subsector
and industry group. This will illustrate
the both macro and micro detail as to
retail market trends in the area and what
types of industry are needed.
Defining Surplus and Leakage: Industry sectors and groups that are outlined as
a surplus are currently not in high
demand at the time of this market study.
Retail market sectors that are classified as
a subsector that is currently leaking out
of the area (leakage), are in need based on
the market analysit.
INDUSTRY LE AKAGE
IDE NTIF YING BUSINE SS
N E E D IN THE ARE A
The map illustrates drive times from
the City of Manistee and subsequent
charts illustrate the industry leakage
and surplus for specifc industrial
sectors in relation to the geographic
proximity to Manistee County’s
largest community, Manistee.
COUNTY INDUSTRY LEAKAGE
MAP
Retail Market Study by ESRI and Dun and
Bradstreet - November 2013.
LEAKAGE = NEEDED BUSINESS TYPES IN THE AREA
Furniture & Home Furnishings Stores
$1,3349,807
Electronics & Appliance Stores
$1,990,444
Bldg. Materials & Supply Stores
$2,635,940
Food & Beverage Stores
$10,628,679
Health & Personal Care Stores
$6,812,439
Gasoline Stations
$7,974,294
Clothing and Clothing Accessories Stores
$3,871,066
Sporting Goods, Hobby, Book, & Music Store
$1,971,839
General Merchandise Stores
$17,593,132
Miscellaneous Store Retailers
$2,090,679
Nonstore Retailers
$5,529,430
Food Services & Drinking Places
$7,362,255
($) Represents the Retail Gap
$4,625,924
-$1,296,47
$496,549
-$11,430,09
-$9,542,71
-$748,667
-$533,025
$9,997,899
-$126,920
$5,341,048
-$6,421,54
-80
-70
-60
-50
-40
-30
-20
-10
10
20
30
40
Surplus/Leakage Factor
ADDITIONAL BUSINESS DETAILS
($) Represents the Retail Gap
Automobile Dealers
$4,775,736
Other Motor Vehicle Dealers
-$59,044
-$90,769
Auto Parts, Accessories, and Tire Stores
Furniture Stores
Home Furnishings Stores
-$1,209,558
-$86,914
Electronics & Appliance Stores
$496,549
$255,753
$255,753
Building Material and Supplies Dealers
Lawn & Garden Equipment & Supplies Stores
Grocery Stores
Specialty Food Stores
-$52,672,108
$120,773
SURPLUS
-$11,430,092
-$9,542,715
-$1,574,804
$541,949
$284,188
$92,086
-$1,378,834
$11,376,733
-$101,364
-$92,877
Office Supplies, Stationery, and Gift Stores
Used Merchandise Stores
Other Miscellaneous Store Retailers
Electronic Shopping and Mail-Order Houses
Vending Machine Operators
-$330,016
$397,337
$4,171,650
$345,635
$823,764
$1,927,996
Direct Selling Establishments
Full-Service Restaurants
Limited-Service Eating Places
Special Food Services
Drinking Places (Alcoholic Beverages)
LEAKAGE
Beer, Wine, and Liquor Stores
Health & Personal Care Stores
Gasoline Stations
Clothing Stores
Shoe Stores
Jewelry, Luggage, and Leather Goods Stores
Book, Periodical, and Music Stores
Department Stores (Excluding Leased Depts.)
Other General Merchandise Stores
Florists
-$6,497,993
-$660,344
-$1,191,207
-80
-70
LEAKAGE
$469,139
-$51,911,420
SURPLUS
Motor Vehicle & Parts Dealers
Demand
(Retail Potential)
$13,757,262
-60
-50
-40
-30
-20
-10
10
20
30
Surplus/Leakage Factor
40
50
60
70
80
90
50
60
70
80
90
LEAKAGE = NEEDED BUSINESS TYPES IN THE AREA
$4,181,607
Electronics & Appliance Stores
$6,196,320
Bldg. Materials & Supply Stores
$8,796,071
Food & Beverage Stores
$33,262,538
Health & Personal Care Stores
$21,865,375
Gasoline Stations
$25,297,759
Clothing and Clothing Accessories Stores
$11,759,102
Sporting Goods, Hobby, Book, & Music Store
$6,136,038
General Merchandise Stores
$55,084,762
Miscellaneous Store Retailers
$6,726,713
Nonstore Retailers
$17,739,987
Food Services & Drinking Places
$22,644,707
$24,467,237
$338,730
$3,805,231
-$6,103,558
-$41,057,261
LEAKAGE
Furniture & Home Furnishings Stores
($) Represents the Retail Gap
SURPLUS
Motor Vehicle & Parts Dealers
Demand
(Retail Potential)
$43,650,168
$498,334
$902,619
$4,956,777
$2,538,327
$14,585,356
$1,018,312
$15,668,389
$864,835
-50
-40
-30
-20
-10
10
20
30
40
50
60
70
80
90
Surplus/Leakage Factor
$15,381,474
Electronics & Appliance Stores
$22,833,079
Bldg. Materials & Supply Stores
$31,936,931
Food & Beverage Stores
$121,825,307
Health & Personal Care Stores
$80,333,959
Gasoline Stations
$92,908,056
Clothing and Clothing Accessories Stores
$43,495,078
Sporting Goods, Hobby, Book, & Music Store
$22,380,881
General Merchandise Stores
$202,111,773
Miscellaneous Store Retailers
$24,643,680
Nonstore Retailers
$48,714,397
Food Services & Drinking Places
$83,754,239
$110,917,199
$1,799,457
$16,442,494
-$20,517,812
-$46,701,141
$27,355,740
-$52,044,425
LEAKAGE
Furniture & Home Furnishings Stores
($) Represents the Retail Gap
SURPLUS
Motor Vehicle & Parts Dealers
Demand
(Retail Potential)
$160,175,044
$28,050,152
$9,399,343
$78,568,466
-$927,214
$37,698,649
$5,158,228
-30
-20
-15
-10
-5
5
10
15
Surplus/Leakage Factor
20
25
30
35
40
45