Thanks for making this video! Gave me some insight on how you guys do financially. Could you guys make a video about how you do your accounting and what to track?
How long should you sit on dried goods before you need to replace it for a different product? You mentioned it would take awhile before you see your profit, how long should you wait?
You are already thinking with the right mindset. If something isn't moving fast enough it has to go! It really depends on the product but most dry goods are expected to be a slower mover. It also depends how busy and large your store is. General rule if you haven't sold about case in a few months you should be trying a different brand/version or completely. eliminating the product.
Hi out those 30k what was your revenue after expenses or net profit? Im think of opening a grocery store and thank God i saw your video it seems like a profitable business to start. Thanks you for your video it helps allot.
Hey there. So you can roughly estimate with 30k revenue you are left with 11-12k gross profit. Then you have to pay your operating expenses from that. So 30k is the baseline to be somewhat profitable in our situation. Of course every situation is so different it's hard to compare this. Estimate you have a gross profit margin of 35 percent on your sales.
@@Ysvnmnks Well this video was shot a few years ago so things did pickup very slowly. So we are about 40-45k a month now things are comfortable but you really need to hit higher volumes to see a very good ROI. Sometimes in small location it can be tough to exceed past a plateau.
Hi Janet, Thanks for watching! We are actually in the process of filming today. We will touch upon where we buy certain items and what we purchased. We will certainly do a video in the near future on jour produce, and rental space. Stay tuned! :)
@@lifeasiknowit89 sir very good your videos I have your every video watching. I like you.... 💝 Sir I have one request plz If you have possible for me. I need a job can you help me sir. I'm doing hard to hard work plz. Sir I have one dreams I'm working in your place. Sir plz tell me now you have possible for me job related vacancy. Plz contact me immediately +919785716635 kvlapsan12@gmail.com
@@lifeasiknowit89 thanks for nice reply. How you source the products for your store and how you maintain inventory. As I am from Bangladesh and want to know about the matter. It will be very much helpful if you do a vedio. Thanks and wish you all the success
Thanks for your video. It makes me very motivated to get into this business. I also planned to start a grocery store. I would like to know what is your operation cost per month? like rental fees, insurance, utilities, employee's wages, etc? could you please reply me back?
@@lifeasiknowit89 this 4,00,000 of property would be it's lease price or your buying price and could you please tell me how much sq feet is the space ..
Checking out your videos for the first time and going to follow you for these store updates they are really great! Here is my first time viewer honest feed back: All the camera shakes really hurts my head and i know your busy but would love the video's to be short and sweet.
Hey there, well tbh it depends on too many factors such as size location and inventory and the list goes on. A small store like ours that needed renovation from the ground up was about 80 so that may give you an idea.
Thanks guys.I'm encouraged.
Good man that's why we are here!
Thanks for making this video! Gave me some insight on how you guys do financially. Could you guys make a video about how you do your accounting and what to track?
Makes sense that fresh produce sells more because it goes bad in people’s homes quick and it’s cheap
What do you mean by produce exactly?
Produce = fruits and vegetables
How long should you sit on dried goods before you need to replace it for a different product? You mentioned it would take awhile before you see your profit, how long should you wait?
You are already thinking with the right mindset. If something isn't moving fast enough it has to go!
It really depends on the product but most dry goods are expected to be a slower mover. It also depends how busy and large your store is.
General rule if you haven't sold about case in a few months you should be trying a different brand/version or completely. eliminating the product.
Hi out those 30k what was your revenue after expenses or net profit? Im think of opening a grocery store and thank God i saw your video it seems like a profitable business to start. Thanks you for your video it helps allot.
Hey there. So you can roughly estimate with 30k revenue you are left with 11-12k gross profit. Then you have to pay your operating expenses from that. So 30k is the baseline to be somewhat profitable in our situation.
Of course every situation is so different it's hard to compare this. Estimate you have a gross profit margin of 35 percent on your sales.
@@lifeasiknowit89 Thank you so much that's what I thought you guys were making like 30% like 9k a month that's really impressive for such a business.
@@Ysvnmnks Well this video was shot a few years ago so things did pickup very slowly. So we are about 40-45k a month now things are comfortable but you really need to hit higher volumes to see a very good ROI. Sometimes in small location it can be tough to exceed past a plateau.
Wanted to ask what's the cap on the space to rent and can you do a video on how to get produce and other items and where do you get them from
Hi Janet,
Thanks for watching! We are actually in the process of filming today. We will touch upon where we buy certain items and what we purchased. We will certainly do a video in the near future on jour produce, and rental space. Stay tuned! :)
@@lifeasiknowit89 great videos and thanks so much for replying so quickly and I will watch faithfully
@@lifeasiknowit89 sir very good your videos I have your every video watching.
I like you.... 💝
Sir I have one request plz
If you have possible for me.
I need a job can you help me sir.
I'm doing hard to hard work plz.
Sir I have one dreams I'm working in your place.
Sir plz tell me now you have possible for me job related vacancy.
Plz contact me immediately
+919785716635
kvlapsan12@gmail.com
Gross revenue? Or gross profit?
Beautiful store. Btw the way how do you handle customer theft?
We do have cameras. We keep a close eye on customers. Especially those with bags 😋.
I love what you are doing. I have a small store. Much smaller than this but i love it. :)
Hope for success in 2021 for you!
How cool, im planning on opening one soon. Can you give a number as to how much you needed to start up? A rough number? Thanks
What's some of the main challenges you guys face
This video is so coooooool
It makes me couradgeous to start my own store business. I have never done it before. I'm 25
Thank you! We appreciate the feedback and are happy we have given you some courage.
Anyone who wants to import organic vegetables and fruits from Africa(Ethiopia) show me your interest and we can discuss
Very good vedios for new comers. Where is your store
Thank you! We are located in Ontario Canada.
@@lifeasiknowit89 thanks for nice reply. How you source the products for your store and how you maintain inventory. As I am from Bangladesh and want to know about the matter. It will be very much helpful if you do a vedio. Thanks and wish you all the success
Thanks for your video. It makes me very motivated to get into this business. I also planned to start a grocery store. I would like to know what is your operation cost per month? like rental fees, insurance, utilities, employee's wages, etc? could you please reply me back?
We are so glad to hear. We will certainly touch upon all these questions in future videos. Thanks again for watching! :)
@@lifeasiknowit89 Thank you for your reply!
Great info
Thank you for stopping by!
Very thanks full for the video I’m actually starting a store next month I might makes videos about it ❤️
Good for you man! I’m excited to see your journey.
Life As I Know It thanks man ❤️
What's your profit on that 30k sales ?
We can assume a net profit of 15 percent of that. Could be more though because December we tend to sell things at a better margin
@@lifeasiknowit89 only 4500
@@moneyman7.62 If they both work, they can easily earn around 7-8 CAD per month.. Don't know if its worth all the hassle ..
very informative thanks
Thanks for watching!
How much would be your property of conveyance store cost
This property is leased. The Property we would like to move into is about $399,999. Soon we will see what is the best move for us!
@@lifeasiknowit89 this 4,00,000 of property would be it's lease price or your buying price and could you please tell me how much sq feet is the space ..
Out of $30000 how much is profit $
Hey Saleh, hmmm about a net 15 percent profit because we keep our operating costs very lean. Well besides hydro, hydro is not fun.
Yo I got my family businesses..can I come visit your store when I do a National road trip
If you want to sure. Email when you are on the road 😅
Checking out your videos for the first time and going to follow you for these store updates they are really great! Here is my first time viewer honest feed back: All the camera shakes really hurts my head and i know your busy but would love the video's to be short and sweet.
tou xiong
I have watched a few videos. The camera does no ty normally shake. Tylenol mighthelp you though. 🤷♀️
after watching this whole video i still want to know how much you make a month
He said $30,000 a month
When the food is about to expire, give it to the homeless.
Your store will be blessed by ths Son of God Jesus.
This is sometimes what we do. We also have to be careful they do not get sick.
hi am currently in dubai, but thinking to go back to my country and start up my own store, How much money can some one need to start up a business
Hey there, well tbh it depends on too many factors such as size location and inventory and the list goes on. A small store like ours that needed renovation from the ground up was about 80 so that may give you an idea.
Thanks for this video. I have lot of things to consider.
Glad it was helpful!
There was so much talking and explaining done. I was hoping you give us the figure instead of 15%, 30%, 50%....it is not a cool video.
title was how much not "what sells the most", we did not come here to learn about the products in demand, we came for sales.
I hear you and I respect you.
Come to Brazil
voce é top
This is definitely not a ghetto store
Whats a Ghetto store .
great video but you should buy a new camera i'm watching this on a high pixeled tv and i feel like a caveman
Invite me there I will do job in your store I need job I have cafe experience.. please invite me
get to the point
Our newer videos are more concise I promise haha
make your videos shorter and get to the point faster
Great info
Thank you !