COST OF OPENING A GROCERY STORE / CONVENIENCE STORE
Рет қаралды 39,805
Hello current/future entrepreneur! If you're wondering how much it cost me to open a grocery store back in 2020, I reveal everything in this video. *Given that it was a few years ago and the crazy economy we are in, expect costs to me higher.* I hope this video is helpful to you and I hope you subscribe for more business related videos in the future. :)
Opening my grocery store vlog: kzfaq.info/get/bejne/jdxonKeezq61Y6c.html
IG: bit.ly/3QTo728
TikTok: bit.ly/3HU0D8O
Thanks for watching!
Reetu
@anujkeshani6857 4 ай бұрын
Really good video. I love the honesty and the breakdown for the type of expenses. Great job!
@Ree2mz 4 ай бұрын
Thank you very much! :)
@fro6529 Жыл бұрын
Informative video. Wishing you all the success in your business!
@Ree2mz Жыл бұрын
I appreciate it! Thanks so much :)
@Faizavelli 6 ай бұрын
This was SO helpful! Thank you Reetu!!
@Ree2mz 5 ай бұрын
I'm so glad! Thanks for watching 🫶🏽
@CindyJK Жыл бұрын
Thank you for sharing the start up cost of a store. I didn't realized the variety of cost and things are needed. This also help encourage me to mive forward with what i have been wanting to do. I will start looking at your other videos. Thanks again
@Ree2mz Жыл бұрын
Thank you so much! Best of luck 🤗
@user-sp8fz8cz6m 9 ай бұрын
Which country are you in
@RobloxGirl-ug2np Жыл бұрын
your videos are always so inspiring and make me want to start a business of my own one day 💕💕💕
@Ree2mz Жыл бұрын
Appreciate you 🫶🏽 thank you so much 💕💕💕
@pelevai2181 10 ай бұрын
Hi Reetu, Thank you so much for this genuine information. I wish you the best in your business journey. And I hope to visit your take out restaurant someday soon.
@Ree2mz 10 ай бұрын
I truly appreciate it. Thanks so much!
@Ree2mz Жыл бұрын
HELLOOOO :) Comment what you wanna see next!!!
@rogersampaio7450 Жыл бұрын
I wanna see Comercial Kitchen 😊😊
@brianarenea Жыл бұрын
More about your event venue and how that's coming along!
@Ree2mz Жыл бұрын
@@rogersampaio7450 I'll definitely make a dedicated video on that!
@Ree2mz Жыл бұрын
@@brianarenea Coming up soon!! Can't wait to post that!
@brianarenea Жыл бұрын
@@Ree2mz yay! Thank you!
@KARAN_THIND 11 ай бұрын
Thank you for making this awesome informational video🥰
@Ree2mz 11 ай бұрын
Thank you for watching 🙏🏽
@kbharathkumarreddy6045 Жыл бұрын
All the best for your new business
@Ree2mz Жыл бұрын
Thanks so much ☺️
@omarf.3967 7 ай бұрын
Great video and very informative!! I’m in the process of opening a store as well!
@Ree2mz 7 ай бұрын
Thank you! Best of luck!!!
@rubabzulfiqar5975 3 ай бұрын
Have you started your store?
@drakola5854 3 ай бұрын
Im 20 year old and this is what i want to see thx so much❤i really needed this video
@Ree2mz 2 ай бұрын
you're very welcome ❤️
@patwalker3797 8 ай бұрын
Any suggestions on ways to do market research to better predict if a small independent grocery store would be viable? :)
@tarikuk1466 2 ай бұрын
Very informative video. Thank you for sharing your experience. 🙏
@Ree2mz Ай бұрын
Glad it was helpful!
@ncomokenyata4126 7 ай бұрын
how did you know/find places that were closing down for the shelves ?
@scottmonfort 2 ай бұрын
One of the keys to small stores is having a distributor to bring your product. Who do you use, and why did you choose them .... and are there multiple sources you are using?
@sharifjunior3293 Жыл бұрын
I’m 22 starting a grocery at the highway nearby college and university..thanks for this video
@Ree2mz Жыл бұрын
AYEEEE LET'S GO!!! Make a KZfaq video on it, I wanna see everything! Best of luck :D
@sharifjunior3293 Жыл бұрын
Not the best on video making but why not I’ll try and make a video :)! I’ve just purchased my shelves from china which is my first step and now I’ll be starting the whole renovation of the place! So yes this video tips are going to be my guide and all the other ones!
@BigboyClothing. 2 ай бұрын
Did you opened it?
@sharifjunior3293 2 ай бұрын
@@BigboyClothing. not yet, I’m financially drained for now
@BigboyClothing. 2 ай бұрын
@@sharifjunior3293 where do you live?
@CSydoriak Жыл бұрын
This was extremely educational and informative for those looking to open a store. You were very detailed in your explanations. Ive actually been wanting to open Java /Juice spot in Florida.
@Ree2mz Жыл бұрын
I appreciate it Christopher! Thank you so much :) Best of luck on your Java / Juice spot!
@mtlstories Жыл бұрын
You inspire me to open business great video ❤
@Ree2mz Жыл бұрын
Thanks Jacob 🥰 AND GO FOR IT! I'm here, always :)
@niharikapatil902 11 ай бұрын
Yes! Buying a place too!
@Ree2mz 11 ай бұрын
Good luck 🤞🏽
@user-hs3pc2ru1n 6 ай бұрын
What is the outlook for the convenience store market in N.A. come 2024? And what is everybody's favourite convenience store chain?
@EveFrag 2 ай бұрын
question i wana know how much it is to rent a spot for me to sell home,appliances like washers dryers. Fridges ect i give no,clue on what how to go about that I sell them,out of my house but honestly take,to much sapces so I like,to open up a store tux
@travelmang5421 Ай бұрын
Thanks for sharing
@ThePradeepvirk 2 ай бұрын
Possible to come visit you in Montreal? We are planning on opening a store in Oshawa.
@venkataRaoBommineni957 6 ай бұрын
You are amazing 👏
@Ree2mz 6 ай бұрын
Thank you!!
@realestatebyvick 3 ай бұрын
Hello Reetu, this is great information. Thank you for sharing the info. I bet you might me in the stage now to see some profits. What kind of margins are you seeing in the grocery side, aside from your take out?. It would be nice to know it.
@Ree2mz 2 ай бұрын
Hi! Thanks for watching. Average is 30% :)
@andresm1704 6 ай бұрын
awsome video and super proud of you, if you dont mind me asking. Is the store self running or are you a owner operator?
@Ree2mz 6 ай бұрын
Thanks so much!! I have a manager :)
@andresm1704 6 ай бұрын
@@Ree2mz thank you for the responce, no worries if you don't want to answer the next question, its just I want to open a C-store/deli myself and there is hardly any info out there to learn from. Anyways, if you don't mind me asking what is the gross revenue and what are the profit margins? it just seems like those number change drastically depending on the store so was wonding what your numbers are. Thank you!!
@bestyoutubernonegraternumber1 Жыл бұрын
Oh snap you were filming sous vide everything guy 0:16
@shuaabasalom 4 ай бұрын
Very helpful 👏 can you talk about how you run the inventory and cost sheets?
@Ree2mz 4 ай бұрын
Thank you! Yes I will :)
@jennylopez8982 2 ай бұрын
I am also interested in this, as well as how to do payroll if you do that, plus filing taxes, anything logistically based!@@Ree2mz
@mr.gamewatch7547 Жыл бұрын
Awesome video (as usual). Would you say that doing business in Montreal is more burdensome than doing business in other provinces? And would you ever move to more business-friendly states like Florida or Texas?
@Ree2mz Жыл бұрын
Thanks so much!! Honestly I have no idea how starting a business looks like anywhere else in Canada or the US but if I want to do it, I definitely would. I'll just have to relearn the "system" but if I did it once I don't see why it would be difficult to do it again. I would maybe franchise one of the two businesses that I have right now though, that way I have a solid base. :)
@mr.gamewatch7547 Жыл бұрын
@@Ree2mz Thank you for the response. That would be awesome to see you franchise your businesses
@Ree2mz Жыл бұрын
@@mr.gamewatch7547 one day 🙏🏽
@user-z57h 7 ай бұрын
Is it profitable? Do you make good money from it?
@ekam96deep 2 ай бұрын
Hi Reetu, your video helps me a lot. Can you tell me how I can find out the distributors of Indian supplies??
@Ree2mz 2 ай бұрын
Hi! I have a video on it :) thank you!
@don_6320 3 ай бұрын
I like this
@Ree2mz 3 ай бұрын
Thank you 😊
@maxamsisar7907 Жыл бұрын
Thank you for the detailed information. How is your grocery store doing? I'm still thinking about opening one however, I don't have the money to do so which is holding me back.
@Ree2mz 11 ай бұрын
It was going great the first year and a half! However, with rising cost of food, it's difficult for customers to buy groceries...
@maxamsisar7907 11 ай бұрын
@@Ree2mz totally. That's what I was thinking about too. Glad to hear it and hope for a continued success.
@experienceswithrmcken8326 10 ай бұрын
Do you see a future in your grocery store with rising costs or do you plan to add additional ways to make money ex restaurant or simply selling hot foods?
@user-fg1sb5mq4u 2 ай бұрын
I always wanted to start my own❤
@Ree2mz 2 ай бұрын
go for it!!
@DobbyPotterPS4 Жыл бұрын
Subscribed :)
@Ree2mz Жыл бұрын
WELCOME!
@purnimapusala7582 7 ай бұрын
How long approximately takes to get permits and do we have to rent the place before we get permit?
@Ree2mz 7 ай бұрын
Yes you do and it depends can takes weeks or months
@tinapielou Жыл бұрын
Une video svp sur comment trouver des distributeurs please.merci
@Ree2mz Жыл бұрын
Il y a déjà une sur la chaine!
@richardinoutofcobourg7212 Ай бұрын
Lol . I had to laugh at the suggestion of having store shelves made from *stainless*. Stainless steel is one of the most expensive metals to make shelving from. Yes, buy second hand fixtures and shelves. But know that *any* shelves need to be cleaned regularly so it does not collect dust.
@Ree2mz Ай бұрын
I still suggest stainless steel over any other. Nothing funny about that... we all have our preferences and I'm talking from experience .
@atlant2566 Ай бұрын
I own one of those its so hard business and takes lots of money. Before you even ear a buck you need to invest sonl much and working with food is hard due to exp dates. And than profit is so so considering amount of time and effort it take to open and maintain. I tell you it will be your job thats about it. I would suggest opening another type of business.
@Ree2mz Ай бұрын
I agree with you - it's not an easy business at all. However, it's a business in need. It's really volume dependant. I opened other businesses that are more profitable but it requires a lot of marketing which is expensive, because those businesses are not needs, but wants.
@srinivasanrk7783 Жыл бұрын
1. Any reputed suppliers for indian groceries 2. How to handle the expired products
@Ree2mz Жыл бұрын
I have a vid on how to find good suppliers!
@jacobmeenach1656 Жыл бұрын
If you have the employees, then have them go through your food and mark down any food that might expire. The day it expires, donate it to your local food pantry. That's what we do where I work.
@KaramBilkhu Ай бұрын
What POS system do you recommend
@Ree2mz Ай бұрын
I use Clover
@kateasheley7404 Ай бұрын
Thank you for this video. Is £50k enough to start?
@Ree2mz Ай бұрын
Depends where?
@kateasheley7404 Ай бұрын
@@Ree2mzin the UK in a smaller town
@IntegratedMarketingToronto 2 ай бұрын
👍👍
@coolexperiments205 10 ай бұрын
Pls tell me how much profit u make per month. That’s my deal breaker whether i should get in the business or not. Thanks!
@user-sp8fz8cz6m 9 ай бұрын
Which country are you in
@the_deva_patil 3 ай бұрын
Where to get the different kind of inventory?
@Ree2mz 2 ай бұрын
I have a video on it!
@Juahm69 Ай бұрын
Could you talk about how much you’ve made so far? Is it worth it
@Ree2mz 25 күн бұрын
I sold the business, I uploaded a video on it yesterday
@sardarjicabs6009 8 ай бұрын
Hello can u pls tell the complete expense cost of ur store to start ??
@istrala 29 күн бұрын
I was thinking it would be nice to have a graphic that shows all the costs added up.
@aahilnarwalusa 10 ай бұрын
So what you think if i open grocery store in usa can you help me
@Ree2mz 10 ай бұрын
Yes, you can book a call with me here: www.reetuacademy.com/service-page/1-on-1-business-coaching?referral=service_list_widget
@user-sp8fz8cz6m 9 ай бұрын
Have u started yet
@user-uy7vb3nh7i 7 ай бұрын
distribution????
@zoviralte6264 16 күн бұрын
Whats the total expenses sis
@kervinearlpeusca4280 3 ай бұрын
Hi mam can i aply im a cashier here in phillipines... Thank you so much... Im waiting for your response🙏
@parthcontractor4648 Жыл бұрын
Investment in fast food restaurant or some kind of franchise business.
@Ree2mz Жыл бұрын
Those are great businesses
@PlayMyMusicPlaylist 5 ай бұрын
Missing the summary
@EkinghFightNews Жыл бұрын
Lol do you buy from bondi?
@Ree2mz Жыл бұрын
Whats bondi?
@niharikapatil902 11 ай бұрын
You are gorgeous ❤
@Ree2mz 11 ай бұрын
Thank you!
@rogersampaio7450 Жыл бұрын
My Entrepreneur... So your mom and your sister both have a restaurant. It means that entrepreneurship runs in the veins.. So according with what you explained , you've spent over $120K to open this Grocery. With the venue and Commercial Kitchen, you're probably seating in $709K Portfolio
@Ree2mz Жыл бұрын
Hahaha, entrepreneurship definitely runs in the veins but I would say it's more because my family (especially my mom) is VERY courageous. We are open to taking risks and that's super important to be able to launch any business. Thanks for watching! :)
@rogersampaio7450 Жыл бұрын
@@Ree2mz 2026
@Ree2mz Жыл бұрын
@@rogersampaio7450 2026?
@rogersampaio7450 Жыл бұрын
@@Ree2mz 2026 🙏✌️👍
@gauravpatel7311 Жыл бұрын
I want to start grocery store
@user-sp8fz8cz6m 9 ай бұрын
Which country are you in
@ephekotsopoulos1145 Жыл бұрын
How can u start an airbnb.
@Ree2mz Жыл бұрын
First start by finding a property (condo, house, etc) that is suitable for an Airbnb (location, neighbourhood, etc)
@ephekotsopoulos1145 Жыл бұрын
We have a 3flr building. 1is rented out the other 2 vacant.
@dadnaleyla9271 Жыл бұрын
Smart women do you have good loan places to help open a small business with low interest?
@Ree2mz Жыл бұрын
Thank you! I’m actually looking into that right now. If I come across a good one, I will post about it!
@dadnaleyla9271 Жыл бұрын
Okay I'm in Toronto you have the blue print keep in touch we can do things as people in Canada.🇨🇦
@Ankitfunclub 10 ай бұрын
Hi reetu I am try to open new Asian grocery I need help can you able to that please 🙏.
@Ree2mz 10 ай бұрын
Hello, you can book a coaching session here: www.reetuacademy.com/service-page/1-on-1-business-coaching?referral=service_list_widget
@michellevelazquez9824 5 ай бұрын
My dear what was the full overal coast
@cumin.l.hauser-carter8768 2 ай бұрын
How to open a cafe
@Ree2mz 2 ай бұрын
I opened one and posted a video, you can see how I did it!
@TheArash101 Жыл бұрын
Is there a 30min consultation you can do? I will pay for it let me know
@Ree2mz Жыл бұрын
Yes www.reetuacademy.com
@user-qb3ob8tj8m 3 ай бұрын
@@Ree2mz hey, link is not working anymore. Can you confirm once again for consultation. Thank you
@Ree2mz 3 ай бұрын
@@user-qb3ob8tj8m here you go! stan.store/ree2mzz
@tinapielou Жыл бұрын
Vous êtes à Montréal ?
@Ree2mz Жыл бұрын
Oui
@anwarkhan5635 10 ай бұрын
I'm still in Saudi super market buisness how many profit
@Ree2mz 10 ай бұрын
??
@anwarkhan5635 10 ай бұрын
@@Ree2mz where are you from
@gauravpatel7311 Жыл бұрын
Hii
@worknfun7368 Жыл бұрын
How does a 21 year old afford to open up a store? I dont know anyone our age who can.
@assholus228 Жыл бұрын
I dont know if she actually owns shit
@worknfun7368 Жыл бұрын
@@assholus228 Do you think maybe her parents own it or paid for it and is pretending it's hers?
@Ree2mz Жыл бұрын
I do social media full time and I have a few ecoms. I bought the store from someone during Covid. It was a great deal for sure!
@anwarkhan5635 10 ай бұрын
Profit
@tannurajput.21 10 ай бұрын
My name is Manni jaiswal i from India .i want a job
@Mxl100 17 күн бұрын
Makes one wonder how the heck she get all that money in the first place 🤔
@amoney2965 4 ай бұрын
I rather become a lawyer then pay that 😂
@user-oe3sy1yu2h 3 ай бұрын
Damn sounds like 2 million minimum to start the buisness lol
@Ree2mz 2 ай бұрын
I think $150k minimum
@kinskins3895 2 ай бұрын
Madam ji punjabi bhi bolaya karo ji
@kakaws77 9 ай бұрын
This is cheap start comparing to the US
@Ree2mz 8 ай бұрын
where in the US?
@kakaws77 8 ай бұрын
@@Ree2mz in Arizona.... I have a 100k budget to start.. it's like half of it going to store construction and equipments... I don't no if 50k enough to buy a products 😭
@tannurajput.21 10 ай бұрын
Please halp me
@Ree2mz 10 ай бұрын
Check out my socials or my website www.reetuacademy.com @ree2mz