The answer to this question is not as simple as it looks like.
There are lot of factors which determines the cost of capital required to start the business. Some of the main factor that are required to be considered are the following:-
First and most important factor is location, as cost vary a lot at different locations.
Second thing is size of business one want to open.
Then it comes to which verities do you want to place.
How trained and experience staff you hire.
How much you want to spend on outlook of you location.
I did some research into this a few years back as I was looking to open a supermarket and I came up with the following findings:
- The amount you'd be requiring would be determined by the following
1. The location you are looking to establish in.
Some locations will be more pricey than others and if you decide to set in one of these, you'd be requiring more capital.
2. Your arrangement with distributors.
If you have a lot of fund, you can fully stock your supermarket with FMCGs, sell these off, rinse and repeat.
On the other hand, if you don't, then you can buy just a little of the goods required then proceed to make arrangements with distributors who will supply the goods needed on credit and come at a later time for their invoice. This way, you wouldn't be needing such bulk capital to start.
Starting a super market is very possible with an average capital depending on the location you want to choose
for the business and also the kind of products which you
want to sell inside the supermarkets...another factor that will determine the capital that someone needs is also
the kind of partnership deal the person has with various distributors that will distrubute the products to his o her supermarket,..it is even possible for someone to get a kind of deals with a distributor that enables them to
collect products on credits and will pay back after selling it,if you have such arrangements with a
distrubutor then it will make it cheaper to open a supermarket business....
The answer to this question is not as simple as it looks like.
There are lot of factors which determines the cost of capital required to start the business. Some of the main factor that are required to be considered are the following:-
First and most important factor is location, as cost vary a lot at different locations.
Second thing is size of business one want to open.
Then it comes to which verities do you want to place.
How trained and experience staff you hire.
How much you want to spend on outlook of you location.
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I did some research into this a few years back as I was looking to open a supermarket and I came up with the following findings:
- The amount you'd be requiring would be determined by the following
1. The location you are looking to establish in.
Some locations will be more pricey than others and if you decide to set in one of these, you'd be requiring more capital.
2. Your arrangement with distributors.
If you have a lot of fund, you can fully stock your supermarket with FMCGs, sell these off, rinse and repeat.
On the other hand, if you don't, then you can buy just a little of the goods required then proceed to make arrangements with distributors who will supply the goods needed on credit and come at a later time for their invoice. This way, you wouldn't be needing such bulk capital to start.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Starting a super market is very possible with an average capital depending on the location you want to choose
for the business and also the kind of products which you
want to sell inside the supermarkets...another factor that will determine the capital that someone needs is also
the kind of partnership deal the person has with various distributors that will distrubute the products to his o her supermarket,..it is even possible for someone to get a kind of deals with a distributor that enables them to
collect products on credits and will pay back after selling it,if you have such arrangements with a
distrubutor then it will make it cheaper to open a supermarket business....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit