If you’re interested in starting your own grocery store, why not open a discount retail business? Stores like Save A Lot have been growing in popularity for years as more and more people continue to make value a priority. Here, we’ll review some of the reasons why discount grocery stores like ours have especially great potential in 2021.
Discount Retail Has Been Gaining Momentum for Over a Decade
Shoppers have been turning more and more to discount stores like Save A Lot since the onset of the Great Recession towards the end of the ’00s. At that time, saving money on groceries was a necessity for countless families, and it seems that they still value a bargain. More and more investors have seen the benefit of opening a discount retail business, and with new stores cropping up across the U.S., Forbes reports:
Despite [limited] shelf space, discount grocery retail stores are growing. Between 2011 and 2016, store counts increased 17.6% across the U.S. Though not apples to apples, the growth of discount retailers in Europe could serve as a precursor to what we might see in the U.S. in the near future. Some may be wondering whether this channel could potentially rise to capture a significant percentage of the U.S. grocery marketplace, putting pressure on other retail channels on how to compete.
Our segment of the market is growing, making now the perfect time to invest.
Keeping Your Costs as Low as Possible
Another great reason to open a discount retail business is that there’s plenty of opportunities to save compared to opening a conventional supermarket or superstore. Our stores are typically smaller than a traditional grocery store, with an average of just 15,000 square feet. We maximize that space, filling it with a limited assortment of high-value inventory that accounts for most shoppers’ needs. They love having the option to run in and out of our stores without the hassle of going on a trek to find what they need, and licensees love that they don’t have to invest in large, costly real estate.
Of course, we also keep your prices low by controlling our own distribution. We work with select high-quality brands and ship to our stores directly from our warehouses, simplifying the supply chain, so you get what you need quickly and cost-effectively.
That said, the Save A Lot model comes with lots of built-in ways to simplify operations and manage expenses so you can see the strongest possible returns on your investment. When you get in touch, we’ll break down more of the ways we help our licensees to save money.
Contact Save A Lot today to learn more about what it takes to open a discount retail business.
