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Free Sample Indian Restaurant Business Plan - Page 3
4.1 Target Market: Population, Household Statistics Summary (cont'd)
| Population & Household & Business statistics summary for New York, NY | ||
| Item | New York NY | United States |
| Resident total population estimate 2007 | 1,620,867 | 299,398,484 |
| Resident population 2000 | 1,537,195 | 281,421,906 |
| Resident population 1990 | 1,487,536 | 248,709,873 |
| Resident population 1980 | 1,428,285 | 226,545,805 |
| % Change in population (1980 to 2007) | 13.48% | 32.16% |
| Median Age | 37.5 | 37.6 |
| Civilian labor force 2007 | 916,053 | 151,428,000 |
| Civilian labor force 2000 | 855,227 | 142,583,000 |
| Civilian labor force 1990 | 780,346 | 125,840,000 |
| Change in labor force 1990 - 2007 | 17.39% | 20.33% |
| Households | 772,957 | 108,954,329 |
| Household Size | 1.98 | 2.6 |
| Median Household Income | $55,208 | $44,334 |
| Income per Capita | $110,292 | $34,471 |
| Persons below poverty line | 18.06% | 12.70% |
| Male Population | 47.73% | 48.65% |
| Female Population | 52.27% | 51.35% |
| Married Population | 39.34% | 58.89% |
| Single Population | 60.66% | 41.11% |
4.2 Target Market: Pusiness Statistics Summary
Minority owned businesses are well represented in New York City as we can see with Black, Hispanic and women owned firms running better than the national averages. Having a diverse population is key to the success of Welcome Restaurants USA Inc. since Indian food is most appealing to clients who prefer diversity in their food habits.
Retail sales per capita – another measure of the spending power of local New York City residents is $16,178 a good 57% above the national average retail sales per capita of $10,615. This again bodes well for us in the restaurant business.
| Business statistics summary for New York, NY | ||
| Item | New York, NY | United States |
| Black-owned firms, percent | 12.40% | 5.2% |
| Asian-owned firms, percent | 14.20% | 4.8% |
| Hispanic-owned firms | 16.40% | 6.8% |
| Women-owned firms | 31.80% | 28.2% |
| Manufacturers shipments ($1000) | $10,950,335 | $3,916,136,712 |
| Wholesale trade sales ($1000) | $140,669,286 | $4,634,755,112 |
| Retail sales ($1000) | $25,904,575 | $3,056,421,997 |
| Retail sales per capita | $16,718 | $10,615 |
| Accommodation and foodservices sales ($1000) | $10,714,578 | $449,498,718 |
| Building permits | 8790 | 1,838,903 |
| Current Unemployment Rate | 4.40% | 5.50% |
| Sales Taxes | 8.63% | 6.00% |
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