SVDP Stores Group

Store sales in $ per sq. ft.

This topic contains 3 replies, has 3 voices, and was last updated by Profile photo of Ray DuPont Ray DuPont 2 months ago.

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  • #719
    Profile photo of Ron Costanzo
    Ron Costanzo
    Participant

    Does anyone have data that was collected on the performance of stores on $ per square foot sales? I remember seeing the report years ago. We have two stores one that is selling around $70 per square foot and another that sells around $25 per square foot. We know location, location, location (and management, management, management) but would like to consider what others are doing.

    Any help?

    Blessings,

    Ron

  • #721
    Profile photo of Ray DuPont
    Ray DuPont
    Participant

    Ron,
    This is a hard number to pin down as there is great variation. Here is the chart that is in the New Stores Startup Manual that will be published very soon. It is from the 2014 -2015 reports. It seems to hover around an average of $45/sq. ft. So it looks like you have one store above average and one store below average.
    Bldg. Size Total Revenue / Sq. Ft. Income Per Year
    1,000 to 4,000 sq. ft. Avg=$41 $41,000 – $164,000
    Min=$15.21 Max=$91.54 $91,540 – $366,160
    4,000 to 7,000 sq. ft. Avg=$43 $156,000 – $234,000
    Min=$14.87 Max=$85.13 $340,520 – $595,910
    7,000 to 10,000 sq. ft. Avg=$59 $324,000 – $432,000
    Min=$18.20 Max=$138.44 $969,080 – $1,384,400
    10,000 to 15,000 sq. ft. Avg=$54 $408,000 – $510,000
    Min=$15.36 Max=$136.64 $1,366,400 – $2,049,600
    15,000 to 60,000 sq. ft. Avg=$49 $470,000 – $564,000
    Min=$17.97 Max=$139.82 $2,097,300 – $8,389,200

  • #722
    Profile photo of Alfred Rodriguez
    Alfred Rodriguez
    Participant

    My store did 5,283,437.00 divided by 94,000 total sq ft = $56.21 sqft?
    or, 5,283,437.00 divided by 50K sq ft of selling space = $106 sqft?

  • #723
    Profile photo of Ray DuPont
    Ray DuPont
    Participant

    I just uploaded Dave Barringer “50 Lessons in Thrift Retailing” from his presentation at the National Assembly in Providence 2015. See #3 that recommends $100/sq. ft. of retail space. Sounds like a good goal to measure against.

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