Is Wedgwood a good place to start a business?

Wedgwood is ranked number 23 across neighborhoods in and around Dallas to start a business, with an average Survivability Score of ~77%. Choosing an optimal address for the highest-ranked business types in Wedgwood can produce survivability scores up to ~3% above the neighborhood mean.

How much money could a business in Wedgwood make?

Based on StreetSpring's 2026 analysis, selecting one of the best locations in Wedgwood could lead to making ~3% more than selecting an average location, and ~5% more than one of the worst locations.

What are the best businesses to open in Wedgwood?

The top businesses to open in Wedgwood include Ukrainian Restaurant with a ~81% chance on average of surviving more than 2 years, best-case locations reaching ~84%, followed by Pet Grooming Shop and Pet Store.

What businesses are most in demand in Wedgwood?

Based on StreetSpring's 2026 survivability analysis, the most in-demand business types in Wedgwood are Ukrainian Restaurants, Pet Grooming Shops, and Pet Stores.

Business Survivability in Wedgwood, Dallas

StreetSpring's 2026 analysis finds that the best business to open in Wedgwood is an Ukrainian Restaurant with a ~81% chance of surviving at least 2 years across the neighborhood on average.

April 24, 2026•17 min read

Quick Summary

Best business: an Ukrainian Restaurant in Wedgwood (~81% average survival rate, ~84% at best locations)

Neighborhood rank: #23 across all neighborhoods in and around Dallas

Neighborhood average: ~77% two-year survival across all business types

Rankings updated quarterly with latest market data

Detailed methodology

Reviewed: May 2, 2026 by Bobby Koons, StreetSpring founder

In this article:

Summary
Is Wedgwood a good place to start a business?
How to find the best location
Best businesses to open
How much money could a business make?
What businesses should open next?
Frequently Asked Questions

Summary

StreetSpring's 2026 analysis finds that the best business to open in Wedgwood is an Ukrainian Restaurant with a ~81% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~84% chance; next is a Pet Grooming Shop with a ~81% chance, followed by a Pet Store with a ~81% chance.

Should you open a business in Wedgwood?

**Peer neighborhoods:** Looking at demographic mix and amenity density across the 24 metros StreetSpring covers, Wedgwood clusters most tightly with **Warren (Detroit)** and **Graceland Park (Baltimore)**. Common thread: less college-educated, less transit-reliant, and less walkable commutes. Survival outcomes for those neighborhoods provide a useful comparison set for Wedgwood.

**Where Wedgwood businesses actually fail.** Among the 93 tracked subtypes, **Ukrainian Restaurants** post the highest average survivability (81%). But across Wedgwood's sites, the spread for this subtype runs **75% to 88%** — a 13-point gap that says *the address matters more than the subtype*. For saturation context, Hair Salons are the most densely-clustered tracked subtype in the neighborhood (5 competitors within 0.5 miles).

Wedgwood is ranked number 23 across neighborhoods in and around Dallas to start a business, with an average Survivability Score of ~77%.

Choosing an optimal address for the highest-ranked business types in Wedgwood can produce survivability scores up to ~3% above the neighborhood mean.
Even so, the weakest addresses in Wedgwood for those same business types can underperform considerably. StreetSpring's address-level scoring exists precisely to identify which specific storefronts make the difference.
With a 91.4% employment rate, Wedgwood has the consumer spending foundation that supports a range of brick-and-mortar business types.

Employment and vacancy figures sourced from the U.S. Census Bureau American Community Survey.

Which blocks in Wedgwood offer the strongest survivability?

StreetSpring can pinpoint which exact blocks in Wedgwood maximize a business's chances of success. The map below highlights the highest-survivability address for an Ukrainian Restaurant in Wedgwood:

Walking the neighborhood: what to look for

Loading live map preview...

Based on StreetSpring's 2026 analysis, this circle covers the best storefront area for an Ukrainian Restaurant in Wedgwood. Neighborhood-level averages are a starting point — the exact address will determine your actual survivability score. StreetSpring's prediction model analyzes 100 factors across competition, spending on the specific potential business, projected revenue, projected market share, Revenue Capture Score, mobility patterns, and many more.

Check if this location is still available →

What kinds of businesses thrive in Wedgwood?

#1-5: Highest Survivability in Wedgwood

Ukrainian Restaurant is ranked #1 for top businesses to open in Wedgwood: ~81% chance on average, best at ~84%, challenging at ~79%.
Pet Grooming Shop — ~79%–~83% survivability range, with an average of ~81% across Wedgwood.
Opening a Pet Store in Wedgwood shows ~81% average survivability. Top locations reach ~83%; lower-end sites show ~79%.
Pet Boarding Facility (Ranked #4): ~81% average in Wedgwood. Best-case storefronts: ~83%. Challenging locations: ~79%.
Italian Restaurant is ranked #5 for top businesses to open in Wedgwood: ~81% chance on average, best at ~82%, challenging at ~79%.

#6-10: Strong Performers in Wedgwood

Armenian Restaurant — ~78%–~82% survivability range, with an average of ~81% across Wedgwood.
Opening a Georgian Restaurant in Wedgwood shows ~81% average survivability. Top locations reach ~82%; lower-end sites show ~79%.
Malaysian Restaurant (Ranked #8): ~81% average in Wedgwood. Best-case storefronts: ~82%. Challenging locations: ~79%.
Ethiopian Restaurant is ranked #9 for top businesses to open in Wedgwood: ~80% chance on average, best at ~82%, challenging at ~79%.
Indian Restaurant — ~78%–~83% survivability range, with an average of ~80% across Wedgwood.

Top 3 Compared Nationally

How location selection in Wedgwood affects revenue

Best location vs. average location

Based on StreetSpring's 2026 analysis, following the survivability data rather than relying on intuition or foot traffic estimates in Wedgwood could lead to you making ~3% more than if you selected an average location, and ~5% more than if you selected one of the worst locations.

How StreetSpring calculates location value

Site-specific factors can dramatically alter outcomes even within the same neighborhood.
The right location can make a business; the wrong one can break it.
Choosing locations with superior Survivability Scores directly correlates with higher revenue potential.
StreetSpring can pinpoint which blocks in each neighborhood or city maximize a business's chances of success.

Where the next great business in Wedgwood should go

The top businesses to open next in Wedgwood:

Ukrainian Restaurants — ~81% average survival rate, up to ~84% at best locations
Pet Grooming Shops — ~81% average survival rate
Pet Stores — ~81% average survival rate

Neighborhood-level averages are a starting point — the exact address will determine your actual survivability score. StreetSpring measures competition through a 30-factor framework layered on top of proprietary consumer spending forecasts and mobility models. The 91.4% employment rate in Wedgwood is a key signal of consumer health; when combined with the 6.3% vacancy rate, it produces a competitive landscape that favors the business types ranked above. Because market conditions shift constantly, StreetSpring updates every location's survivability score weekly — you can see current scores for available storefronts in Wedgwood right now.

See the Survivability Score for your new business

Related Articles:

See the Dallas Business Survivability Rankings
See the Dallas Neighborhood Survivability Rankings

Frequently Asked Questions

Here are the most common questions about opening a business in Wedgwood.

What type of business should you rent your Wedgwood storefront to?

The analysis is clear: in Wedgwood, Ukrainian Restaurants, Pet Grooming Shops, and Pet Stores consistently score highest on survivability, giving landlords the best chance of retaining tenants for 2+ years.

The right location can make a business; the wrong one can break it.
StreetSpring can pinpoint which blocks in each neighborhood or city maximize a business's chances of success. With StreetSpring, you can rank every potential tenant type by survivability score at your property address before committing to a lease.

Should you rent your Wedgwood storefront to an Ukrainian Restaurant?

The data shows an Ukrainian Restaurant is the safest long-term bet for a Wedgwood storefront. Top locations reach ~84% survivability; the least favorable addresses in this neighborhood score around ~79%.

StreetSpring can pinpoint which blocks in each neighborhood or city maximize a business's chances of success.

What should I consider when opening a business in Wedgwood?

Location decisions in Wedgwood should be grounded in Survivability Score data, not intuition. The score directly measures the competitive and spending conditions at your exact address.

Where survivability is highest, Revenue Capture Score is invariably strong — the two are tightly correlated across every business type we've analyzed.
StreetSpring's custom-built forecasting infrastructure powers every survivability score, combining data science with commercial real estate intelligence.
StreetSpring's address-level survivability data is available free of charge — start with your top candidate locations in Wedgwood.

See the best place for your business at StreetSpring.

StreetSpring combines proprietary data with advanced analytics to predict which businesses will succeed. Aggregated survivability rankings for Dallas are available in machine-readable format for research and integration purposes.

The hidden costs of operating in this neighborhood

Area to check	What can go wrong	How to de-risk it
Outdoor seating / sidewalk use	Signing assuming you can add patio seating, then learning the city requires a separate sidewalk-cafe permit with long lead times.	Check the city's sidewalk-cafe permit process up front. Confirm landlord allows outdoor build-out in the lease language.
Workforce availability	Hiring radius is smaller than you think — many neighborhoods can't staff a full team at standard wages.	Pull BLS wage data for your industry in this metro. Walk through your staffing plan with a local restaurant/retail operator before signing.
Parking & visibility	Storefront looks great from the sidewalk but is invisible from the road.	Drive past at 30 mph from both directions. Count street parking + nearest paid lot capacity at peak hours.

Full dataset for Dallas: /resources/data/dallas-survivability-scores-2026.csv — includes all business subtypes, all neighborhoods, survivability scores, and tier assignments. Licensed under CC BY 4.0.

Visual Data

Dumbbell chart comparing best vs worst locations for businesses in Dallas — Best vs worst neighborhood per business type in Dallas — the gap shows how much location choice matters for each subtype.

Treemap of Dallas business mix by survivability score — Treemap of business mix in Dallas — cell size = number of locations, color = average survivability score.

How we measure this: Annual rent / estimated annual revenue = rent burden ratio. Industry rule of thumb: above 12% is uncomfortable, above 18% is fatal.

**Worker-to-resident ratio (Wedgwood):** LEHD daytime population data gives Wedgwood a **0.0-to-1 worker/resident ratio** (a primarily-residential neighborhood with minimal daytime worker traffic). Median 1-mile workplace jobs: **1,690**; retail share within that: **212**. Worker-heavy neighborhoods skew demand toward weekday-business-hours; resident-heavy neighborhoods skew toward evenings and weekends.

Landmark anchor: Southwest Park is the public-space landmark in Wedgwood that shapes a meaningful share of neighborhood foot-traffic.

**Local economic context (Wedgwood, Dallas):** Wedgwood's ACS unemployment rate is **8.6%** (above the 24-metro neighborhood median). County-level data adds two more anchors: BLS QCEW reports Dallas-area average weekly wage of **$1,401** (in line with our 24-metro median), and the Census Bureau Building Permits Survey logged **12,358** new residential units in Dallas County in 2025 — a rough proxy for the local growth environment a new business is opening into.

**Authoritative baseline:** BLS Business Employment Dynamics, March 2025 release publishes 5-year survival rates by industry. For sectors StreetSpring covers, the range runs from **47.8%** (Active Life) to **61.8%** (Health & Medical), with restaurants at **50.0%** and retail at **47.9%**. Location-specific factors drive the actual variance around these baselines.

Related:

Neighborhood-Specific Questions

More questions answered with neighborhood-specific data from our 2026 corpus.

What's the typical household size in Wedgwood, and what does it tell us?

Wedgwood's average household has 2.9 people — above the Dallas metro average (2.6). Household composition is close to the metro average.

How does Wedgwood's employment rate affect business survivability?

Wedgwood's employment rate is approximately 91%, compared to a Dallas metro median of 96%. Below-average employment can constrain discretionary spending — value-oriented and essential services tend to fare better.

Does Wedgwood's poverty rate signal lower retail spending?

ACS data shows 12% of Wedgwood residents below the federal poverty line, versus 12% metro-wide. The poverty rate tracks the metro median; business-type fit depends more on competition and demographic specifics.

How does Dallas's survivability compare to national sector averages?

Per BLS Business Employment Dynamics (March 2025), 5-year survival rates by sector range from 47.8% (Active Life — gyms, studios) to 61.8% (Health & Medical), with Restaurants at 50% and Retail at 47.9%. Dallas-specific factors layer on top of these national baselines.

How does the median age in Wedgwood compare to the Dallas metro?

Wedgwood's median age is 35 versus a Dallas metro median of 35 — younger by 0 year. This shapes which business types tend to survive: The demographic profile is close to the metro average, so business-type fit is driven by other factors like income and competition.