By: Business in Mesa, AZ

Introduction

Mesa, Arizona is a vibrant city known for its rich cultural heritage and stunning landscapes. As the thirdlargest city in Arizona, Mesa offers a lucrative market for various industries, including the furniture stores sector. In this article, we will delve into the resident distribution of Mesa, highlight important residential and commercial areas, discuss the potential for a furniture store business, provide an estimate of the required investment, expected return on investment, and suggest suitable locations for furniture stores.

Resident Distribution in Mesa, AZ

Mesa, AZ has a diverse population that spans across its 134.15 square miles. It is estimated that the city is home to over half a million residents, making it a strong contender for entrepreneurs looking to establish a furniture store business. The population distribution is not concentrated in a single area, which means there is ample opportunity to cater to customers across the city.

Important Residential Areas

While residents are spread out throughout Mesa, there are several key residential areas that present excellent market potential for furniture stores. These include:

  1. Dobson Ranch: Located in the western part of Mesa, Dobson Ranch is a wellestablished community with a mix of singlefamily homes, townhouses, and apartment complexes. It is home to a substantial number of families and professionals, making it an ideal target market for furniture stores.
  2. Las Sendas: Situated in the northeastern part of Mesa, Las Sendas is an affluent community known for its luxury homes and beautiful landscapes. The residents in this area have a higher disposable income, which makes it an attractive market for highend furniture stores.
  3. Eastmark: As one of the fastestgrowing communities in Mesa, Eastmark offers an excellent opportunity for furniture stores. With its planned neighborhoods, parks, and recreational areas, this area is attracting a young and diverse population that is in need of furniture for their new homes.

Important Commercial Areas

In addition to residential areas, identifying key commercial areas in Mesa is crucial for a successful furniture store business. Some notable commercial areas worth considering include:

  1. Superstition Springs: This major retail center in Mesa is known for its large shopping mall with a variety of stores, including anchor tenants like JCPenney and Dillard’s. The foot traffic in this area is high, amplifying the chances of attracting potential customers to a furniture store.
  2. Mesa Riverview: Located along the Loop 202 freeway, Mesa Riverview is a bustling commercial area with a mix of shopping, dining, and entertainment options. Establishing a furniture store in this area can benefit from the constant flow of visitors to the nearby attractions.

Investment Estimates and Return on Investment

To start a furniture store business in Mesa, AZ, entrepreneurs should consider the initial investment required. The capital investment can vary depending on factors such as store size, location, inventory, and marketing expenses. On average, an investment of $200,000 to $500,000 is expected for a moderately sized furniture store. However, these estimates can vary significantly based on individual circumstances.

The return on investment (ROI) for a furniture store business in Mesa can be promising. With a strong market potential and a diverse customer base, a wellmanaged store can expect to see a return on investment within 2 to 5 years. It is essential to focus on providing quality products, excellent customer service, and effective marketing strategies to maximize profitability.

Suitable Locations for Furniture Stores

Considering the characteristics of the residential and commercial areas mentioned earlier, several locations stand out as suitable for furniture stores:

  1. Dobson Road: This main thoroughfare in Mesa connects multiple residential areas and offers excellent visibility and accessibility for a furniture store.
  2. Power Road: Running through the heart of Mesa, Power Road provides an opportunity to attract customers from diverse residential and commercial areas.
  3. Southern Avenue: Situated near popular residential neighborhoods and retail centers, Southern Avenue offers a prime location for a furniture store.

Conclusion

Establishing a furniture store business in Mesa, AZ is a promising venture due to the city’s diverse population and strong market potential. By targeting key residential areas, such as Dobson Ranch and Las Sendas, along with commercial areas like Superstition Springs and Mesa Riverview, entrepreneurs can tap into a wide customer base. While the initial investment can range from $200,000 to $500,000, the return on investment can be realized within 2 to 5 years with proper management and strategic planning. Overall, Mesa offers an ideal environment for success in the furniture stores industry.