COST OF OPENING A GROCERY STORE / CONVENIENCE STORE
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- Опубліковано 15 чер 2024
- Hello current/future entrepreneur! If you're wondering how much it cost me to open a grocery store back in 2020, I reveal everything in this video. Given that it was a few years ago and the crazy economy we are in, expect costs to me higher. I hope this video is helpful to you and I hope you subscribe for more business related videos in the future. :)
Opening my grocery store vlog: • I OPENED A GROCERY STO...
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Thanks for watching!
Reetu - Розваги
HELLOOOO :) Comment what you wanna see next!!!
I wanna see Comercial Kitchen 😊😊
More about your event venue and how that's coming along!
@@rogersampaio7450 I'll definitely make a dedicated video on that!
@@brianarenea Coming up soon!! Can't wait to post that!
@@Ree2mz yay! Thank you!
Really good video. I love the honesty and the breakdown for the type of expenses. Great job!
Thank you very much! :)
your videos are always so inspiring and make me want to start a business of my own one day 💕💕💕
Appreciate you 🫶🏽 thank you so much 💕💕💕
This was SO helpful! Thank you Reetu!!
I'm so glad! Thanks for watching 🫶🏽
Thank you for sharing the start up cost of a store. I didn't realized the variety of cost and things are needed. This also help encourage me to mive forward with what i have been wanting to do. I will start looking at your other videos. Thanks again
Thank you so much! Best of luck 🤗
Which country are you in
Informative video. Wishing you all the success in your business!
I appreciate it! Thanks so much :)
I’m 22 starting a grocery at the highway nearby college and university..thanks for this video
AYEEEE LET'S GO!!! Make a UA-cam video on it, I wanna see everything! Best of luck :D
Not the best on video making but why not I’ll try and make a video :)! I’ve just purchased my shelves from china which is my first step and now I’ll be starting the whole renovation of the place! So yes this video tips are going to be my guide and all the other ones!
Did you opened it?
@@BigboyClothing. not yet, I’m financially drained for now
@@sharifjunior3293 where do you live?
Hi Reetu, Thank you so much for this genuine information. I wish you the best in your business journey. And I hope to visit your take out restaurant someday soon.
I truly appreciate it. Thanks so much!
Thank you for making this awesome informational video🥰
Thank you for watching 🙏🏽
All the best for your new business
Thanks so much ☺️
Im 20 year old and this is what i want to see thx so much❤i really needed this video
you're very welcome ❤️
This was extremely educational and informative for those looking to open a store. You were very detailed in your explanations.
Ive actually been wanting to open Java /Juice spot in Florida.
I appreciate it Christopher! Thank you so much :) Best of luck on your Java / Juice spot!
Great video and very informative!! I’m in the process of opening a store as well!
Thank you! Best of luck!!!
Have you started your store?
Yes! Buying a place too!
Good luck 🤞🏽
Very informative video. Thank you for sharing your experience. 🙏
Glad it was helpful!
Thanks for sharing
You inspire me to open business great video ❤
Thanks Jacob 🥰 AND GO FOR IT! I'm here, always :)
Any suggestions on ways to do market research to better predict if a small independent grocery store would be viable? :)
You are amazing 👏
Thank you!!
One of the keys to small stores is having a distributor to bring your product. Who do you use, and why did you choose them .... and are there multiple sources you are using?
Oh snap you were filming sous vide everything guy 0:16
awsome video and super proud of you, if you dont mind me asking. Is the store self running or are you a owner operator?
Thanks so much!! I have a manager :)
@@Ree2mz thank you for the responce, no worries if you don't want to answer the next question, its just I want to open a C-store/deli myself and there is hardly any info out there to learn from. Anyways, if you don't mind me asking what is the gross revenue and what are the profit margins? it just seems like those number change drastically depending on the store so was wonding what your numbers are. Thank you!!
Lol . I had to laugh at the suggestion of having store shelves made from *stainless*. Stainless steel is one of the most expensive metals to make shelving from.
Yes, buy second hand fixtures and shelves. But know that *any* shelves need to be cleaned regularly so it does not collect dust.
I still suggest stainless steel over any other. Nothing funny about that... we all have our preferences and I'm talking from experience .
how did you know/find places that were closing down for the shelves ?
Very helpful 👏 can you talk about how you run the inventory and cost sheets?
Thank you! Yes I will :)
I am also interested in this, as well as how to do payroll if you do that, plus filing taxes, anything logistically based!@@Ree2mz
Awesome video (as usual). Would you say that doing business in Montreal is more burdensome than doing business in other provinces? And would you ever move to more business-friendly states like Florida or Texas?
Thanks so much!! Honestly I have no idea how starting a business looks like anywhere else in Canada or the US but if I want to do it, I definitely would. I'll just have to relearn the "system" but if I did it once I don't see why it would be difficult to do it again. I would maybe franchise one of the two businesses that I have right now though, that way I have a solid base. :)
@@Ree2mz Thank you for the response. That would be awesome to see you franchise your businesses
@@mr.gamewatch7547 one day 🙏🏽
I own one of those its so hard business and takes lots of money. Before you even ear a buck you need to invest sonl much and working with food is hard due to exp dates.
And than profit is so so considering amount of time and effort it take to open and maintain. I tell you it will be your job thats about it. I would suggest opening another type of business.
I agree with you - it's not an easy business at all. However, it's a business in need. It's really volume dependant. I opened other businesses that are more profitable but it requires a lot of marketing which is expensive, because those businesses are not needs, but wants.
What is the outlook for the convenience store market in N.A. come 2024? And what is everybody's favourite convenience store chain?
Is it profitable? Do you make good money from it?
Hello Reetu, this is great information. Thank you for sharing the info. I bet you might me in the stage now to see some profits. What kind of margins are you seeing in the grocery side, aside from your take out?. It would be nice to know it.
Hi! Thanks for watching. Average is 30% :)
question i wana know how much it is to rent a spot for me to sell home,appliances like washers dryers. Fridges ect i give no,clue on what how to go about that I sell them,out of my house but honestly take,to much sapces so I like,to open up a store tux
I always wanted to start my own❤
go for it!!
I like this
Thank you 😊
Possible to come visit you in Montreal? We are planning on opening a store in Oshawa.
Une video svp sur comment trouver des distributeurs please.merci
Il y a déjà une sur la chaine!
Subscribed :)
WELCOME!
Hi Reetu, your video helps me a lot.
Can you tell me how I can find out the distributors of Indian supplies??
Hi! I have a video on it :) thank you!
1. Any reputed suppliers for indian groceries
2. How to handle the expired products
I have a vid on how to find good suppliers!
If you have the employees, then have them go through your food and mark down any food that might expire. The day it expires, donate it to your local food pantry. That's what we do where I work.
My Entrepreneur... So your mom and your sister both have a restaurant. It means that entrepreneurship runs in the veins..
So according with what you explained , you've spent over $120K to open this Grocery. With the venue and Commercial Kitchen, you're probably seating in $709K Portfolio
Hahaha, entrepreneurship definitely runs in the veins but I would say it's more because my family (especially my mom) is VERY courageous. We are open to taking risks and that's super important to be able to launch any business. Thanks for watching! :)
@@Ree2mz 2026
@@rogersampaio7450 2026?
@@Ree2mz 2026 🙏✌️👍
👍👍
Thank you for the detailed information. How is your grocery store doing? I'm still thinking about opening one however, I don't have the money to do so which is holding me back.
It was going great the first year and a half! However, with rising cost of food, it's difficult for customers to buy groceries...
@@Ree2mz totally. That's what I was thinking about too. Glad to hear it and hope for a continued success.
Do you see a future in your grocery store with rising costs or do you plan to add additional ways to make money ex restaurant or simply selling hot foods?
How long approximately takes to get permits and do we have to rent the place before we get permit?
Yes you do and it depends can takes weeks or months
What POS system do you recommend
I use Clover
Where to get the different kind of inventory?
I have a video on it!
Thank you for this video. Is £50k enough to start?
Depends where?
@@Ree2mzin the UK in a smaller town
Investment in fast food restaurant or some kind of franchise business.
Those are great businesses
So what you think if i open grocery store in usa can you help me
Yes, you can book a call with me here: www.reetuacademy.com/service-page/1-on-1-business-coaching?referral=service_list_widget
Have u started yet
Pls tell me how much profit u make per month. That’s my deal breaker whether i should get in the business or not. Thanks!
Which country are you in
You are gorgeous ❤
Thank you!
Hello can u pls tell the complete expense cost of ur store to start ??
I was thinking it would be nice to have a graphic that shows all the costs added up.
I want to start grocery store
Which country are you in
Hi mam can i aply im a cashier here in phillipines... Thank you so much... Im waiting for your response🙏
Could you talk about how much you’ve made so far? Is it worth it
I sold the business, I uploaded a video on it yesterday
Lol do you buy from bondi?
Whats bondi?
distribution????
Vous êtes à Montréal ?
Oui
How to open a cafe
I opened one and posted a video, you can see how I did it!
Smart women do you have good loan places to help open a small business with low interest?
Thank you! I’m actually looking into that right now. If I come across a good one, I will post about it!
Okay I'm in Toronto you have the blue print keep in touch we can do things as people in Canada.🇨🇦
Missing the summary
Hi reetu
I am try to open new Asian grocery I need help can you able to that please 🙏.
Hello, you can book a coaching session here: www.reetuacademy.com/service-page/1-on-1-business-coaching?referral=service_list_widget
How can u start an airbnb.
First start by finding a property (condo, house, etc) that is suitable for an Airbnb (location, neighbourhood, etc)
We have a 3flr building. 1is rented out the other 2 vacant.
I'm still in Saudi super market buisness how many profit
??
@@Ree2mz where are you from
Hii
Is there a 30min consultation you can do? I will pay for it let me know
Yes www.reetuacademy.com
@@Ree2mz hey, link is not working anymore. Can you confirm once again for consultation. Thank you
@@user-qb3ob8tj8m here you go! stan.store/ree2mzz
How does a 21 year old afford to open up a store? I dont know anyone our age who can.
I dont know if she actually owns shit
@@assholus228 Do you think maybe her parents own it or paid for it and is pretending it's hers?
I do social media full time and I have a few ecoms. I bought the store from someone during Covid. It was a great deal for sure!
My dear what was the full overal coast
Profit
My name is Manni jaiswal i from India .i want a job
I rather become a lawyer then pay that 😂
Damn sounds like 2 million minimum to start the buisness lol
I think $150k minimum
Madam ji punjabi bhi bolaya karo ji
This is cheap start comparing to the US
where in the US?
@@Ree2mz in Arizona.... I have a 100k budget to start.. it's like half of it going to store construction and equipments... I don't no if 50k enough to buy a products 😭
Please halp me
Check out my socials or my website www.reetuacademy.com @ree2mz