Grocery delivery apps are one of the most trending business in 2021 with a growth of 2.56 times users since 2017. However, has it grown enough to say that it is better than a grocery store ? If you’re also confused whether to start a grocery app or a grocery store, here’s a complete guide for.
Well this is an interesting question , which could be answered in a couple of different ways . If you are a kind of a person who loves to drive around place to place while you are shopping then you have produce some of your carbon dioxide and many toxic gases through you car but in online grocery shopping there is still a sort of impact to environment through the vehicle that delivers you items and electricity and traffic around your warehouse the items ship from and so on . The main point is that that same truck going to deliver many items to bunch of people this delivery system is reducing the population .One truck is delivering stuffs to many people that is far better than each person making a trip to grocery store .
Let’s talk about Grocery store that What the thing needed to start a better grocery store ?How much investment you need . What should be the business plan for your grocery store ?and what types of legal requirement needed for grocery store ?and so on .
1) Grocery market research
Before starting a grocery store you should do a market research in grocery field because it is important find a better niche for your grocery business in order to differentiate yourself from other grocery stores . You will always have to face a huge competition from many companies . And the best thing that you can do is that you need to focus on that How can satisfy the customers .
2)Business planning for your grocery store.
This is the main part of your business that , what should be your business plan ? whether you want start a normal grocery store or a business as franchise . In franchise business you will get some advantage like help in marketing and other startup task .Initial investment in franchise business is least than starting a store on your own .
3)Legal requirements for grocery stores.
You need to contact the local departments of commerce and licensing to get more information regarding the legal requirements
But in generally these are the legal requirement :-
1. Business license
2. Federal employment identification number (EIN)
3. Certificate of Incorporation
4. Employment agreement
5. Nondisclosure agreement
6. Insurance policy
Before the opening of Grocery Store you have to invest a large amount of money in initial stage in the following things like:-
Grocery store location : Location plays a very important role in the growth of the grocery .It should be convenient for consumer to reach at store easily , you need to have good space for parking in front of your grocery store
Investment : You have to invest at least ₹ 10 to 15 lakhs minimum as a initial investment .
Manpower : You always needed 5 to 10 people of man power on grocery store minimum for store management
The main problem with Grocery is that stocks get rotten and spoiled with 2-3 days. You will have to spend money on daily expenses like water, electricity, rent, staff payment, transport etc.
And at last the key point and main problem with grocery store is that you have to invest minimum ₹ 3-5 lakhs to start the business and ₹ 50k- 1 lakh / month to run it.
If you’re planning for it, it’s completely your call. However, with these statistics and reports I would definitely go for Grocery delivery app instead of a store.