If you’re curious about how to open your own grocery store or improve the performance of a store you already own, you’re in the right place. Save A Lot has helped hundreds of aspiring entrepreneurs in getting their own grocery store business off the ground. So what does it take to be successful? Here, we share our own tips based on what we look for in new retail partners.
Diverse Business Experience Wanted
We don’t look for a particular skill set or background in our licensees. They come from all walks of life and many different career paths. While prior experience in the grocery space is helpful, we do not require it to get started. A few types of people who often are a great fit for Save A Lot include:
- Professional investors looking to add grocery stores to their portfolios
- Hospitality industry veterans who are ready to go into business for themselves
- Current grocery store owners whose stores could be performing better
- Grocery store managers and corporate leaders who are ready to put their experience to work in their own business
Do any of these descriptions sound like you? If so, there’s a good chance you’re qualified to open your own Save A Lot.
Solid Financial Qualifications
Save A Lot retail partners should have a net worth of $1 million and liquid assets totaling $300K. We’ve found that this level of capital makes it possible to open a retail grocery business without compromising. Of course, we also encourage potential licensees to connect with business partners and/or third-party lenders in order to help manage the initial investment.
Passion for Excellence
Save A Lot has a well-established retail grocery business plan that covers everything from getting your store ready to open to operational procedures once it’s up and running. Prospective retail partners should be dedicated to mastering the Save A Lot system. We’ll be with you every step of the way and help you to leverage the many resources that will help you start off on the right foot. For instance, we support licensees when it comes to:
- Location selection
- Store buildout and layout
- Ordering and managing inventory
- Marketing
Retail partners who thrive in this system are serious about learning everything we have to offer and implementing best practices every day. One of the significant advantages of partnering with us, rather than going it alone, is that we’ve spent years fine-tuning a system proven to work.
Running a grocery store takes hard work and commitment, but Save A Lot’s proven model offers you a grocery store licensing opportunity with numerous competitive advantages, such as an in-house supply chain, discounted prices, and stores that maximize convenience. Our formula for success takes the guesswork out and sets us apart from other grocery chains.
If you’re curious about how to open your own grocery store, contact Save A Lot today! We’d love to share more information about the licensees we work with every day.