When you choose to open a grocery store, transparency is important so that you understand where every dollar goes. The cost to open a Save A Lot has ranged from 600k to $2.1M In comparison, the investment cost associated with an average grocery store is approximately $5.5 M. When you choose to open a Save A lot, the cost to open your new store is designed to cover just about everything it takes to get up and running. Whether you’ve managed a grocery store previously or are new to the industry, you’ll be impressed with everything your investment covers.
The best way to see for yourself what’s included is to contact us. Then, we’ll provide you with a full breakdown. When you do get in touch, be sure to ask us about our $200K new store incentives! For now, here’s a sneak peek at some of the main things to expect when you open a Save A Lot store.
Getting Started: Strong Financial Qualifications
We look for retail partners with a net worth of around $1 million and liquid assets totaling $300K. We’ve found that investors with this level of capital are best able to get their business up and running without having to compromise on what they need. We welcome our licensees to partner up with other investors to manage the initial costs or seek funding through a financial institution.
The Initial Investment: What Does the Cost to Open a Grocery Store Include?
Your initial investment covers virtually everything you need to start your new Save A Lot, such as:
- Real estate costs
- The cost of inventory and supplies
- Initial marketing expenses
- Signage and fixtures
One of the best parts of choosing Save A Lot is that we control our own supply chain, with 13 dedicated warehouses ready to ship inventory straight to you. This advantage is one of the ways we’re able to keep prices so low for licensees and customers, helping to keep your costs low long after your initial investment. And that means more money in your pocket!
What Doesn’t the Investment Include?
For one thing, up-front fees! Unlike franchise businesses, we don’t assess an initial fee to get started with Save A Lot. As a result, more of your capital gets put to work for you right from the start.
For more details about how fees factor into the cost of opening a grocery store, get in touch with our team.
Running Your Business: Ongoing Expenses
Like any business, you can expect a number of ongoing expenses once you’ve opened your doors. Costs like marketing expenses, overhead costs, and employee salaries should always be factored in. The good news is that our team of experts is ready to help you do the math, supporting you in developing a plan for sustainable growth.
Contact Save A Lot today for more details on the cost to open a grocery store of your own.