Overview

The Corso Italia BIA has a diverse retail mix that can serve the day-to-day needs of residents living in the surrounding area.

This includes a variety of retail, restaurants and service-based businesses that include clothing stores, grocers, butcher shops, electronic stores, cafes and specialty stores. Local and independent businesses represent a majority of these businesses.

The BIA still requires some product and service offerings to fully meet the wide range of identified needs of residents in the trade area.

To identify these business opportunities, the Corso Italia BIA undertook an inventory of its existing business members and compared their product and service offerings to the household expenditure habits of residents.

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Business Opportunities Identified

These business opportunities are ideal for either existing businesses to expand their product offerings or for new entrepreneurs who would like to locate their business in Corso Italia.

There are currently no garden supplies and service businesses in Corso Italia. On an annual basis, residents in the community spend $2,328,705 in total on gardening supplies and services, or per person on average $380.

While there are garden stores to the west of Corso Italia (Canadian Tire, Rona and Home Depot), this might provide an opportunity for an existing store in the community to add to its product offerings in order to capture some of that local market that wants to avoid travelling.

61.4% of residents in the neighbourhood garden.

While there is a laundry mat in Corso Italia, there are no dry-cleaning services. On an annual basis, residents in the community spend $618,192 in total on laundry and dry-cleaning, or per person on average $101.

There are currently no hardware stores in Corso Italia. On an annual basis, residents in the community spend $627,616 in total on hardware and tools, or per person on average $102.

While there are hardware stores to the west of Corso Italia (Canadian Tire, Rona and Home Depot), this might provide an opportunity for an existing store in the community to add to its product offerings in order to capture some of that local market that needs something quick and does not want to travel.

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