How Much Does it Cost to Open a Grocery Store?
Owning any business is going to cost money upfront. Knowing how much you can expect to spend is essential for investors, and we understand this importance. Opening a grocery store with Save A Lot is different from opening a grocery store on your own. The costs and growing pains will be challenging if you go it alone.
We want our retail partners to know what to expect when investing in a Save A Lot licensing opportunity. Here is what you need to know about how much it costs to get started as a Save A Lot licensee.
Initial Investment Cost For Save A Lot Brand Retail Partners
Save A Lot licensees typically do best when they have a net worth of around $1 million and liquid assets of at least $300,000. We’ve spent a lot of time calculating how much money our licensees need to have the most significant chance of succeeding.
The assets and net worth mentioned here are what we’ve determined work best for our retail partners. Working to launch an independent grocery store takes more upfront capital than other investment options but is worth it in the long run. Being a Save A Lot licensee gives your investment a lot of value.
The exact cost can vary depending on factors such as rental agreements, the size of your store, how many Save A Lot locations you want to open, or the location of your store. We are always willing to work with outside financing or business partnerships formed to cover initial starting costs.
What Does the Initial Investment Cover?
Your initial investment will cover various things needed to start your business with your best foot forward. This includes your inventory, working capital, equipment, rental security deposits, and leasehold improvements.
Rest assured that while you are looking for the right site for your location in the right community and factoring in the best rental option, we will be there every step of the way. We want you to succeed and see your investment become a successful part of your portfolio. We’ll use our expertise to guide you in making the right choices for your Save A Lot.
Are There Additional Fees?
We have worked hard to develop a licensing model that eliminates frustrating and unnecessary fees for our licensees. We offer a number of services you can choose to take part in as a retail partner. Opting into these services will increase your licensing fees, but they can help make your store easier to run.
We offer our licensees services such as advertising, IT, accounting, and direct delivery. These optional services are meant to take additional stress off our retail partners and allow them to use our knowledge to run their stores as efficiently as possible.
Save A Lot Offers Continued Support and Training for Your Continued Success
After your initial investment to open a Save A Lot grocery store, we will continue to offer ongoing support and training as you learn about running your store. We have an experienced field team that will help you make your business fully functional and show you best practices, so your everyday operations are as easy as possible.
Upon opening your store, you’ll be trained in our point-of-sale system, ordering system, and other tools to ensure smooth day-to-day operations. You’ll also have access to our ready-made marketing materials and distribution systems to support your business as you grow and meet with success.
Contact Save A Lot today to learn more about our rural business opportunities and how you can become a Retail Partner with us.