How Much Capital to Put-up a Grocery Store

Question:

I am planning to put up a mini-grocery store by June. I just want to know if my budget of P350-400K will be enough as start-up to purchase most common grocery items?

Answer:

The amount will depend on how big is your store area and how much variety you plan to carry. If you will be buying by the case, the average prices is around P500 for light items and about P1,000 for the more expensive ones. Given your budget, you can have 300-400 types of items which I think will give a wide enough variety for your customers to choose from.

Take into consideration the type of customers you will be serving so limit your variety particularly the sizes to their needs and what they can afford. If you are into the bigger families with bigger income, they may go for the bulk or big packs, but if the neighborhood is low income, you will have to go for the sachet and other small sizes.

If you can’t get directly from the manufacturer, get in touch with distributors who can deliver the goods to you and they may also offer discounts or credit terms. Your alternative would be wholesalers. Try checking out Suy Sing Commercial (www.suysing.com – though the site seems to have disappeared at the moment), they sometimes offer cheaper prices than the manufacturers and also delivers for a minimum amount (25k?), the only drawback is that you have to pay in cash.

One of the top products you can sell are cellphone cards and e-load service.

Keep your overhead low as these will kill the business if you don’t watch your cashflow.

Get a good accountant who keeps track of the government laws and regulations, both BIR and City government, as this will affect your tax filing and payments. If you miss out on one, you have to pay the penalties. Keep your records straight. This will save you a lot of headaches in the long run.

Good luck on your business.

The Manager
Purity Supermarket
www.purity.com.ph

Loading...

Comments

  1. By ralph santos

    Reply

  2. By Kimberlie Robles

    Reply

  3. By Kimberlie Robles

    Reply

  4. By Alvin Panes

    Reply

  5. By Alvin Panes

    Reply

  6. By Emer

    Reply

  7. By Maricel tabornal

    Reply

  8. By Janna

    Reply

  9. By Mira

    Reply

  10. By Rolly Sialmo

    Reply

  11. By Lucita nacawile regencia

    Reply

  12. By zoe

    Reply

    • By fritzie

      Reply

      • By Suy Sing Commercial Corporation

        Reply

    • By Suy Sing Commercial Corporation

      Reply

  13. By Sheila

    Reply

    • By Mers lawi

      Reply

      • By Mira

        Reply

        • By Mers lawi

          Reply

  14. Reply

    • By Mers lawi

      Reply

  15. By ron

    Reply

  16. By Graciano Lasorte

    Reply

  17. By marjorina ssantos santos

    Reply

  18. By marjorina s santos

    Reply

  19. By marjorina s santos

    Reply

    • By Sally

      Reply

  20. Reply

    • By Mers lawi

      Reply

      • By maricel

        Reply

  21. By nilo lagrimas

    Reply

    • By Mers lawi

      Reply

      • By Sally

        Reply

      • By Sally

        Reply

      • By Emilynne

        Reply

        • By Mers lawi

          Reply

  22. By Neneng

    Reply

    • By Mers lawi

      Reply

  23. By Joyce Ann Tshering

    Reply

  24. By Thelma

    Reply

  25. By cathy

    Reply

  26. By Racel Yap

    Reply

    • By Jose caldea

      Reply

      • By Brian Albert

        Reply

  27. By Racel Yap

    Reply

  28. By Mr. Pompey

    Reply

  29. By Jenn Leong

    Reply

    • By Suy Sing Commercial Corporation

      Reply

  30. By Dahlia

    Reply

    • By Suy Sing Commercial Corporation

      Reply

      • By Grace

        Reply

      • By Vhang

        Reply

        • By Suy Sing Commercial Corporation

          Reply

      • By JCRA's

        Reply

  31. Reply

    • By Suy Sing Commercial Corporation

      Reply

  32. By Marilyn Patilla

    Reply

    • By Suy Sing Commercial Corporation

      Reply

  33. By Wilnie biscano

    Reply

  34. By Usman

    Reply

  35. By J.R.E

    Reply

  36. By edna

    Reply

  37. By Lourdes

    Reply

  38. By Melita

    Reply

  39. By maribel

    Reply

  40. By JR Animas

    Reply

    • By Suysing Commercial Corporation

      Reply

      • By Maricel R. Pacanan

        Reply

        • By Suy Sing Commercial Corporation

          Reply

          • By Lyka uy

  41. By Adora G. Taberna

    Reply

    • By Suysing Commercial Corporation

      Reply

  42. By margie valdez

    Reply

    • By Suysing Commercial Corporation

      Reply

      • By Christopher todlem

        Reply

      • By maica

        Reply

        • By Suy Sing Commercial Corporation

          Reply

          • By Regie demoto

  43. By Kris

    Reply

  44. By maricy abadilla

    Reply

    • By Ronilyn nicodemus

      Reply

  45. By Minda tabilon

    Reply

    • By Suysing Commercial Corporation

      Reply

  46. By jonally zara dela rosa

    Reply

  47. By Orlando P. Chavez Jr.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *