Mini Mart Business Plan

Mini Mart Business Plan-34
As these are legal requirements, you will need to visit the license authority office to get the grocery store licenses to start a grocery store anywhere in India.

As these are legal requirements, you will need to visit the license authority office to get the grocery store licenses to start a grocery store anywhere in India.

For accurate target market assessment, you must zero in on the best location for your small grocery store business, evaluate the potential of the location, and find the perfect customer mix for it.

The location of your grocery store is vital as the customer base differs from place to place and products used in urban areas would differ a lot from the products used in the rural areas.

Check out your competitors and try and see how your customers think of your products relative to your competitors.

You will need to keep in mind that this is a very low margin business and you will need to make sure that there is no margin for error while purchasing inventory.

Having a good network with vendors is a huge asset and make sure that you don’t have a packed inventory of more than 20-25 days.

A grocery store provides all the necessary requirements needed for running a household, so basically, your target market would be the entire neighborhood of the area you want to set up your grocery shop in which would be within 1 or 2 kilometers of reach.

So if you have a grocery store business idea to open a Kirana store or a new age shiny grocery store then keep reading to find out how to start up, manage, and grow one so that you make a reasonable profit on it and get good returns on your hard earned investment.business Prior to starting up your grocery store, you must draw up a business plan for it.

You must have deep knowledge of your customers and the competition that lies around you.

To set up a grocery store in India, there are legal formalities and licences that you will need to obtain.

These include Food license, entity registration, shop and establishment registration, to name a few.

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