Wondering how to open a grocery store? How is our model different to a grocery store franchise? It’s a straightforward process when you partner with Save A Lot. We’ve been in the discount grocery space for decades and have created a proven model that has found success through all economic environments.
Here, review a few of the questions we’re most frequently asked about the Save A Lot model. Don’t see your question listed? Get in touch with our team – we’d love to share the information you need.
How Much Does It Cost to Open a Save A Lot?
The cost to open a grocery store depends on factors like where you’re located, real estate prices in your area, and so forth. Previous projects have ranged between $700,000 for existing stores with similar footprints, to $2+ million for a ground-up prototype.
We typically look for licensees with a net worth of $1 million and $300K in liquid capital – that should be enough to open a new Save A Lot store. Of course, licensees are free to seek out third-party financing to manage some of the investment costs.
Because we’re not a franchise, you won’t find a franchise fee in our investment breakdown.
When you contact us, be sure to ask about our $200K new store incentive – this goes a long way towards keeping your costs low during your first years in business.
What Do I Need to Do to Open My Own Grocery Store?
Opening any new business takes hard work, so you should expect to put time and effort into learning our business model, finding the right location, building it out, stocking it with your initial inventory, and creating a grand opening marketing campaign.
That said, you can count on our team to walk you through each one of these steps, providing you with guidance and assistance along the way.
Why Should I Choose Save A Lot Instead of Another Grocery Store?
Save A Lot has many competitive advantages built right into our business model, too many to list here. A few of the reasons to choose our model include:
- A limited SKU count allows you to provide a maximum selection in a small store.
- Because we operate our own Distribution Centers and work with a carefully curated selection of brands, our prices are competitively low. Stores like ours are part of a changing landscape where consumers are turning to discount chains.
- Our stores have sales floors that are often just 10,000 square feet, so it’s easy for shoppers to get in and out with what they need.
- Licensees enjoy strong training and support throughout the life of their businesses.
What Qualifications Do I Need to Open a Save A Lot?
If you’re serious about starting your own grocery store and have the necessary capital to get started, you could be a great fit for Save A Lot. Prior grocery experience is always helpful but not required.
Ready to learn more about how to start your own grocery store? Contact Save A Lot today.
