Calculates the Estimated Income from Miscellaneous Sources for Grocery Stores
Other_Income.RdThis function calculates the estimated income from miscellaneous income sources for a hypothetical store in a user-selected location based off of a user-selected percentage parameter. If not specified by the user, this percentage defaults to the industry average taken from Bizminer and Vertical IQ. Some examples of miscellaneous sources of income might include special grocery delivery services, curbside pickup or discount club fees.
Arguments
- Total_Estimated_Revenue
Total estimated revenue based on market size/location.
- Percentage
Percentage of total estimated revenue that constitutes the added income from miscellaneous ("other") income sources selected via user input (defaults to the average percentage taken from Bizminer and Vertical IQ).
Value
The output returns the estimated dollar amount earned as income from these other sources of income for a hypothetical grocery store in a given location.