The market size of Australia's Grocery Stores and Supermarkets Industry has boomed faster than the overall economy. It has grown around 2.5 per year on average between 2017 and 2022. The industry has contributed revenue of $124.9 billion this year.
According to the experts, the Supermarket and Grocery Stores sector is expected to expand further over the next five years. This is a potential business to start if you want to enter the entrepreneurial world. Make sure you know the roles and responsibilities under the food and grocery code before getting in to the industry.
Sydney is one of the major hubs of supermarkets and grocery stores. Though NSW's capital has many places to run a retail business, you must explore Blacktown. It is a beautiful suburb in the City of Blacktown in Greater Western Sydney, NSW. Located just 34km west of the CBD, the suburb offers great opportunities for retail businesses, supermarkets and grocery stores. You can also explore profitable businesses for sale in Blacktown, Sydney.
Here are some quick tips to open a grocery store with ease:
1. Write a Business Plan
This can help you kick-start a successful business without many hassles. Make sure you pay attention to the following aspects:
Location: It should be close to the residential or commercial area. Close to the school and colleges can also be beneficial.
Targeted Audience: Know your potential customers, such as families, college students, etc.
Costs: Know initial fixed costs and other expenses to run a business. This includes staff salaries and equipment.
Marketing Strategies: Mention the process of attracting new customers in the competitive market.
2.Get the Right Team
You may need qualified professionals for a grocery store, including:
- Food Safety Supervisor if you are dealing in selling food items.
- Employees trained in food safety: If someone is dealing with equipment, he needs training.
- Certificate III in Retail who takes care of the customer service department and daily store operations
3. Choose the Business Structure
You need to decide the business structure, including:
· Sole Trader
· Partnership
· Company
After that, register for an Australian Business Number and register the name and open a business bank account.
If you think that it is a lengthy or complicated process, have a look at the potential grocery store business for sale in Blacktown:
Well-Established Grocery Store in Blacktown
Nestled in Shopping Village Complex in Blacktown, the grocery store has been running successfully for 10 years. This business opportunity allows you to operate any convenience or grocery store and generate higher revenues.
The business has a proven track record with $10,000 weekly turnover, and the trading hours are also flexible. The asking price is just $99,000 and includes all the equipment, appliances and POS System.
You can buy this grocery store and enjoy a solid customer base, good market reputation and proven marketing strategies.
To know more about the rent and other processes, click on the link below and contact the seller:
https://www.business2sell.com.au/businesses-details/well-established-grocery-store-in-blacktown.php
You can also discover other businesses for sale in Blacktown, Sydney if you don’t want to start from scratch. Have a look at other potential business opportunities in the region:
https://www.business2sell.com.au/businesses/nsw/sydney/blacktown
