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Expansion
into new store locations, whether existing or new markets, is critical in today's
retailing environment for several reasons, including sales growth, market penetration
to capture more of the key consumer dollar, obtaining and enhancing critical
mass, thereby allowing for greater efficiency in advertising and the use of
central corporate resources and back office staff.
However, meeting expansion goals on a timely basis has become even more difficult
in today's vibrant economic climate thereby requiring a greater deal of coordination,
strategic planning and aggressive pursuit of qualified opportunities in the
ultra competitive New Jersey metro area retail environment. Meeting such expansion
goals is where Silbert Realty & Management Company, Inc., is among the leaders
in tenant advisory services bringing to the benefit of Strauss Discount Auto
a depth of market knowledge, experience, long-standing relationships with all
major landlords and a thorough understanding of the development process. Such
factors combined with in-house state-of-the-art 21st century technology and
reproduction capabilities will prove invaluable in your expansion efforts. To
facilitate such expansion plans, Silbert Realty & Management Company, Inc.,
will act as an extension of your real estate department becoming completely
responsible to perform the following functions:
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Understand,
identify and locate the typical Strauss Discount Auto customer. |
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Locate
existing stores within Silbert Realty & Management Company, Inc.'s specified
geographic territory so as to understand current market penetration and
pinpoint areas that are currently not being served or are being under-served.
Such analysis would entail: |
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Studying
your existing store data to determine the primary and secondary trade
areas for customers; |
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Preparing
demographics that identify the location of the target customer; |
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Comparing
that data with existing retail trade areas to determine the primary markets
to penetrate while taking advantage of existing consumer shopping patterns;
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Identifying
potential sites through Silbert realty & Management Company, Inc.'s extensive
contacts with landlords, developers and brokers whether that site is an
existing retail project, an adaptive reuse of a building, or a ground-up
opportunity; |
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Reviewing,
determining and responding to all site submissions from the real estate
community. |
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Disseminate
a full color Strauss Discount Auto specification sheet to area landlords/developers,
real estate brokers and municipal consultants including presentation of
same at our leasing booth for the New York, Pennsylvania and Las Vegas
ICSC functions, along with insertion of Strauss Discount Auto specifications
on our web page. Additional market exposure will occur based upon quarterly
advertisement in the Star Ledger and Tri-State Real Estate Journal and
various trade journal publications... |
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