Feasibility study for a supermarket or mini-market project

A supermarket is one of the most profitable commercial projects and can be implemented anywhere with a residential complex. It provides all the consumer goods every citizen needs. Therefore, it achieves a certain and guaranteed profit rate as long as the prices are attractive, the goods are available, and there are many customers.

Supermarket project feasibility study

There are a set of steps and basics that you must know if you want to establish a supermarket or mini-market project. The location and area of the supermarket project are among the most important things you must study when establishing the project, as in the beginning.

You need to determine the costs you will incur in establishing your brand, and then proceed accordingly to determine the location and area of the supermarket. As for the project location, it is recommended that it be in a place with a high population density to ensure high daily sales, such as:

Choose a store in a residential area with heavy traffic such as main streets, parking lots, and trains.

Mini market project feasibility study

It is also preferable to choose a store in an area where there is no project to establish a supermarket or mini-market and you are eager for a successful supermarket in a specific location as long as the prices are the same.

It is preferable that the distance between you and a supermarket not be less than 50 meters. As for the area of your project, it must not be less than 40 square meters to accommodate the capacity of the project's products and equipment. Of course, you can double the area if you want to own a large and successful supermarket.

How to license a supermarket?

This project is the best option for high school graduates or any beginner in the world of business and projects. We want to guide project owners to the right choice and remove the obstacles facing them, as follows:

A feasibility study for a supermarket or mini-market project, including operating costs and profits. It is well known that every beginner in the world of commerce and entrepreneurship is in dire need of a license from the Ministry of Health and Supply.

As well as the commercial register and tax card to manage his business, so we present to you some of these procedures that you should be aware of, which are as follows:

A copy of the ID card.
Bring a power of attorney if you are acting on behalf of someone.
Pay the required fees, bring proof of payment and a copy of the shop license.
A copy of the tax card.
Health certificate from your work in food.
Lease or ownership contract for the shop.

After preparing all the required documents, you will receive a license for your store after reviewing them and thus begin the process of setting it up to serve customers.

The most important equipment for a supermarket project

After determining the location and area of your supermarket project and completing the licensing procedures and costs for your store, you now need a variety of equipment to ensure that this store is qualified to operate in the best possible way and become a successful supermarket project. You can purchase all of these supplies from a supermarket supply company.

These are companies specialized in selling all these supplies, and they are spread everywhere. You can also buy some supermarket supplies online and they will be delivered to you wherever you want. The matter is up to you, of course. Here is how to set up a small supermarket:

Create shelves to display goods and products.
Horizontal display refrigerators for storing dairy and meat products.
Storage refrigerators or deep freezers for storing ice cream products, which can be obtained free of charge from Nestlé.
Electronic supermarket scale.
Packaging machine.
Equip the shop with good electricity and install fans and air conditioning in the place.
Adjust the facade to suit the style of the store and hang a sign outside with the store name.
Establish a monitoring system to protect goods from theft or damage.
Provide transparent packaging bags with the store's name and contact numbers written on them.

Executive Summary of a Supermarket Project

A supermarket is a place where all kinds of consumer goods that every home needs and people cannot do without are found, such as:

Bread, sugar, oil, tea, cheese, canned goods, soft drinks, dairy products, washing powders, etc., in general, the above mentioned goods are considered essential goods.

Therefore, there is a lot of demand for it, and what is needed now is to diversify its offering to satisfy customers. For example, biscuits from different companies and not just one type, in addition to increasing quantities as demand increases.

This will inevitably contribute to establishing a successful supermarket or mini-market, but the question now remains: how can a beginner bring all these goods and with whom will he deal?

How to get the various goods needed by a supermarket under construction?

Good news for anyone looking to start a supermarket project. Business owners struggle to source the best products for their businesses and endure the hassle of delivery and pickup.

Now the goods will arrive at your location and representatives of different food companies will come to you to supply all the food items you need on a permanent basis. All you have to do is contact them for the first time to tell them that you are preparing for a new supermarket project.

These companies can supply you with 90 percent of the total goods you need, but there are some food items that these companies do not provide you and that people demand, such as ghee, buffalo milk, and washing powder.

Because providing these products gives you a competitive advantage and makes you the best place in the eyes of your customers to have all the products, it is essential to have them available in the store, and how to do so.

You can deal with permanent distributors who come to the area where your project is located on a regular basis to supply you with the quantities you need on a daily basis.

Tips to be a successful and distinguished supermarket owner

Now your store meets all the standards required to receive customers, all you have to do now is set your store's opening and closing hours. We always strive to provide you with all the important information needed to complete your project.

You now have exclusive, unquestionable tips for contributing to supermarket profits. These well-researched and successful tips will achieve a satisfactory profit rate for your supermarket project, as follows:

Maintaining the abundance of all kinds of goods.
The store is located in a residential area with heavy traffic.
Maintaining the cleanliness of the goods, place and workers.
Allocate a phone number to receive complaints and suggestions in order to satisfy customers.
Determine the store's opening and closing hours and inform customers accordingly.
Selecting workers with a degree of responsibility and kindness.
Set up monthly contests to entice customers to buy.
A good choice for decorating and arranging merchandise in a supermarket project.

Cost of a supermarket or mini market project

Establishing a supermarket is a successful and profitable investment project. Therefore, we will conduct a preliminary feasibility study for the cost of a small supermarket or mini-market project:

1. Mini market or grocery store basic costs

Initially, the cost of purchasing merchandise is specific to a store and varies from one country to another. The cost of equipping refrigerators, shelves, signs, and advertisements, as we explained earlier, varies depending on the market price in which the supermarket is located.

An amount is also allocated for the rental or ownership of the shop, in addition to insurance fees at the beginning of construction, which vary from one country to another.

2. Medium-sized supermarket project in cities

Supermarkets cost more than minimarkets because they require more supplies and mobility, require a larger budget, and monthly electricity and water costs are higher due to the increased lighting usage.

How to calculate the expected percentage of supermarket profits in easy ways?

You can calculate supermarket profit percentage in several ways:

The first way to calculate a supermarket's profit percentage: At the end of each day, calculate sales, determine revenue, and deduct the price of the merchandise to determine the profit.
The second way to calculate supermarket profit margin: At the end of each month, the monthly profit is collected, then electricity costs, rent, and workers' wages are deducted to determine the profit margin.
The third way to calculate the supermarket profit percentage is by using a mathematical equation, and the equation is: Supermarket profit percentage = Store revenue - (Total purchase value of goods sold + Workers' wages + Electricity and water bills and taxes)

Is a supermarket business profitable?

A question many ask, and the answer is yes, because it's one of the most profitable deals you can implement with little or medium capital. Hypermarkets, supermarkets, and minimarkets are among the most successful and profitable businesses currently, and the likelihood of loss is low.

In conclusion, we have provided you with a feasibility study for a ready-made supermarket or mini-market project, including costs, profits, decorations, and how to prepare and achieve success in a short period of time.

So I advise you if you have a little capital to implement this profitable project.