COST OF OPENING A GROCERY STORE / CONVENIENCE STORE

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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: • I OPENED A GROCERY STO...
IG: bit.ly/3QTo728
TikTok: bit.ly/3HU0D8O
Thanks for watching!
Reetu

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Опубликовано:

28 июн 2024

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Комментарии : 167

@anujkeshani6857 4 месяца назад

Really good video. I love the honesty and the breakdown for the type of expenses. Great job!

@Ree2mz 4 месяца назад

Thank you very much! :)

@CindyJK Год назад

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 Год назад

Thank you so much! Best of luck 🤗

@user-sp8fz8cz6m 9 месяцев назад

Which country are you in

@fro6529 Год назад

Informative video. Wishing you all the success in your business!

@Ree2mz Год назад

I appreciate it! Thanks so much :)

@Faizavelli 6 месяцев назад

This was SO helpful! Thank you Reetu!!

@Ree2mz 5 месяцев назад

I'm so glad! Thanks for watching 🫶🏽

@RobloxGirl-ug2np Год назад

your videos are always so inspiring and make me want to start a business of my own one day 💕💕💕

@Ree2mz Год назад

Appreciate you 🫶🏽 thank you so much 💕💕💕

@pelevai2181 10 месяцев назад

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 месяцев назад

I truly appreciate it. Thanks so much!

@KARAN_THIND 10 месяцев назад

Thank you for making this awesome informational video🥰

@Ree2mz 10 месяцев назад

Thank you for watching 🙏🏽

@sharifjunior3293 Год назад

I’m 22 starting a grocery at the highway nearby college and university..thanks for this video

@Ree2mz Год назад

AYEEEE LET'S GO!!! Make a RU-vid video on it, I wanna see everything! Best of luck :D

@sharifjunior3293 Год назад

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 месяца назад

Did you opened it?

@sharifjunior3293 2 месяца назад

@@BigboyClothing. not yet, I’m financially drained for now

@BigboyClothing. 2 месяца назад

@@sharifjunior3293 where do you live?

@kbharathkumarreddy6045 Год назад

All the best for your new business

@Ree2mz Год назад

Thanks so much ☺️

@omarf.3967 7 месяцев назад

Great video and very informative!! I’m in the process of opening a store as well!

@Ree2mz 7 месяцев назад

Thank you! Best of luck!!!

@rubabzulfiqar5975 3 месяца назад

Have you started your store?

@drakola5854 2 месяца назад

Im 20 year old and this is what i want to see thx so much❤i really needed this video

@Ree2mz 2 месяца назад

you're very welcome ❤️

@mtlstories Год назад

You inspire me to open business great video ❤

@Ree2mz Год назад

Thanks Jacob 🥰 AND GO FOR IT! I'm here, always :)

@tarikuk1466 Месяц назад

Very informative video. Thank you for sharing your experience. 🙏

@Ree2mz Месяц назад

Glad it was helpful!

@niharikapatil902 11 месяцев назад

Yes! Buying a place too!

@Ree2mz 11 месяцев назад

Good luck 🤞🏽

@patwalker3797 7 месяцев назад

Any suggestions on ways to do market research to better predict if a small independent grocery store would be viable? :)

@shuaabasalom 4 месяца назад

Very helpful 👏 can you talk about how you run the inventory and cost sheets?

@Ree2mz 4 месяца назад

Thank you! Yes I will :)

@jennylopez8982 2 месяца назад

I am also interested in this, as well as how to do payroll if you do that, plus filing taxes, anything logistically based!@@Ree2mz

@andresm1704 5 месяцев назад

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 5 месяцев назад

Thanks so much!! I have a manager :)

@andresm1704 5 месяцев назад

@@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!!

@CSydoriak Год назад

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 Год назад

I appreciate it Christopher! Thank you so much :) Best of luck on your Java / Juice spot!

@venkataRaoBommineni957 6 месяцев назад

You are amazing 👏

@Ree2mz 6 месяцев назад

Thank you!!

@travelmang5421 Месяц назад

Thanks for sharing

@Ree2mz Год назад

HELLOOOO :) Comment what you wanna see next!!!

@rogersampaio7450 Год назад

I wanna see Comercial Kitchen 😊😊

@brianarenea Год назад

More about your event venue and how that's coming along!

@Ree2mz Год назад

@@rogersampaio7450 I'll definitely make a dedicated video on that!

@Ree2mz Год назад

@@brianarenea Coming up soon!! Can't wait to post that!

@brianarenea Год назад

@@Ree2mz yay! Thank you!

@ncomokenyata4126 6 месяцев назад

how did you know/find places that were closing down for the shelves ?

@user-hs3pc2ru1n 6 месяцев назад

What is the outlook for the convenience store market in N.A. come 2024? And what is everybody's favourite convenience store chain?

@scottmonfort 2 месяца назад

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?

@bestyoutubernonegraternumber1 Год назад

Oh snap you were filming sous vide everything guy 0:16

@mr.gamewatch7547 Год назад

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 Год назад

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 Год назад

@@Ree2mz Thank you for the response. That would be awesome to see you franchise your businesses

@Ree2mz Год назад

@@mr.gamewatch7547 one day 🙏🏽

@realestatebyvick 3 месяца назад

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 месяца назад

Hi! Thanks for watching. Average is 30% :)

@tinapielou Год назад

Une video svp sur comment trouver des distributeurs please.merci

@Ree2mz Год назад

Il y a déjà une sur la chaine!

@EveFrag 2 месяца назад

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

@user-fg1sb5mq4u 2 месяца назад

I always wanted to start my own❤

@Ree2mz 2 месяца назад

go for it!!

@ekam96deep 2 месяца назад

Hi Reetu, your video helps me a lot. Can you tell me how I can find out the distributors of Indian supplies??

@Ree2mz 2 месяца назад

Hi! I have a video on it :) thank you!

@richardinoutofcobourg7212 Месяц назад

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 Месяц назад

I still suggest stainless steel over any other. Nothing funny about that... we all have our preferences and I'm talking from experience .

@ThePradeepvirk 2 месяца назад

Possible to come visit you in Montreal? We are planning on opening a store in Oshawa.

@DobbyPotterPS4 Год назад

Subscribed :)

@Ree2mz Год назад

WELCOME!

@maxamsisar7907 11 месяцев назад

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 месяцев назад

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 месяцев назад

@@Ree2mz totally. That's what I was thinking about too. Glad to hear it and hope for a continued success.

@experienceswithrmcken8326 10 месяцев назад

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?

@srinivasanrk7783 Год назад

1. Any reputed suppliers for indian groceries 2. How to handle the expired products

@Ree2mz Год назад

I have a vid on how to find good suppliers!

@jacobmeenach1656 Год назад

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.

@don_6320 3 месяца назад

I like this

@Ree2mz 3 месяца назад

Thank you 😊

@user-z57h 7 месяцев назад

Is it profitable? Do you make good money from it?

@atlant2566 22 дня назад

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 22 дня назад

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.

@purnimapusala7582 7 месяцев назад

How long approximately takes to get permits and do we have to rent the place before we get permit?

@Ree2mz 6 месяцев назад

Yes you do and it depends can takes weeks or months

@devapatil8831 2 месяца назад

Where to get the different kind of inventory?

@Ree2mz 2 месяца назад

I have a video on it!

@IntegratedMarketingToronto Месяц назад

👍👍

@parthcontractor4648 Год назад

Investment in fast food restaurant or some kind of franchise business.

@Ree2mz Год назад

Those are great businesses

@user-uy7vb3nh7i 7 месяцев назад

distribution????

@KaramBilkhu Месяц назад

What POS system do you recommend

@Ree2mz Месяц назад

I use Clover

@rogersampaio7450 Год назад

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 Год назад

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 Год назад

@@Ree2mz 2026

@Ree2mz Год назад

@@rogersampaio7450 2026?

@rogersampaio7450 Год назад

@@Ree2mz 2026 🙏✌️👍

@gauravpatel7311 Год назад

I want to start grocery store

@user-sp8fz8cz6m 9 месяцев назад

Which country are you in

@sardarjicabs6009 8 месяцев назад

Hello can u pls tell the complete expense cost of ur store to start ??

@istrala 21 день назад

I was thinking it would be nice to have a graphic that shows all the costs added up.

@PlayMyMusicPlaylist 5 месяцев назад

Missing the summary

@EkinghFightNews Год назад

Lol do you buy from bondi?

@Ree2mz Год назад

Whats bondi?

@niharikapatil902 11 месяцев назад

You are gorgeous ❤

@Ree2mz 11 месяцев назад

Thank you!

@aahilnarwalusa 10 месяцев назад

So what you think if i open grocery store in usa can you help me

@Ree2mz 10 месяцев назад

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 месяцев назад

Have u started yet

@cumin.l.hauser-carter8768 2 месяца назад

How to open a cafe

@Ree2mz 2 месяца назад

I opened one and posted a video, you can see how I did it!

@kateasheley7404 Месяц назад

Thank you for this video. Is £50k enough to start?

@Ree2mz Месяц назад

Depends where?

@kateasheley7404 Месяц назад

@@Ree2mzin the UK in a smaller town

@coolexperiments205 10 месяцев назад

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 месяцев назад

Which country are you in

@Juahm69 28 дней назад

Could you talk about how much you’ve made so far? Is it worth it

@Ree2mz 17 дней назад

I sold the business, I uploaded a video on it yesterday

@ephekotsopoulos1145 Год назад

How can u start an airbnb.

@Ree2mz Год назад

First start by finding a property (condo, house, etc) that is suitable for an Airbnb (location, neighbourhood, etc)

@ephekotsopoulos1145 Год назад

We have a 3flr building. 1is rented out the other 2 vacant.

@tinapielou Год назад

Vous êtes à Montréal ?

@Ree2mz Год назад

Oui

@zoviralte6264 8 дней назад

Whats the total expenses sis

@gauravpatel7311 Год назад

Hii

@dadnaleyla9271 Год назад

Smart women do you have good loan places to help open a small business with low interest?

@Ree2mz Год назад

Thank you! I’m actually looking into that right now. If I come across a good one, I will post about it!

@dadnaleyla9271 Год назад

Okay I'm in Toronto you have the blue print keep in touch we can do things as people in Canada.🇨🇦

@Ankitfunclub 10 месяцев назад

Hi reetu I am try to open new Asian grocery I need help can you able to that please 🙏.

@Ree2mz 10 месяцев назад

Hello, you can book a coaching session here: www.reetuacademy.com/service-page/1-on-1-business-coaching?referral=service_list_widget

@kervinearlpeusca4280 3 месяца назад

Hi mam can i aply im a cashier here in phillipines... Thank you so much... Im waiting for your response🙏

@TheArash101 Год назад

Is there a 30min consultation you can do? I will pay for it let me know

@Ree2mz Год назад

Yes www.reetuacademy.com

@user-qb3ob8tj8m 3 месяца назад

@@Ree2mz hey, link is not working anymore. Can you confirm once again for consultation. Thank you

@Ree2mz 3 месяца назад

@@user-qb3ob8tj8m here you go! stan.store/ree2mzz

@anwarkhan5635 10 месяцев назад

I'm still in Saudi super market buisness how many profit

@Ree2mz 10 месяцев назад

@anwarkhan5635 10 месяцев назад

@@Ree2mz where are you from

@michellevelazquez9824 5 месяцев назад

My dear what was the full overal coast

@worknfun7368 Год назад

How does a 21 year old afford to open up a store? I dont know anyone our age who can.

@assholus228 Год назад

I dont know if she actually owns shit

@worknfun7368 Год назад

@@assholus228 Do you think maybe her parents own it or paid for it and is pretending it's hers?

@Ree2mz Год назад

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 месяцев назад

Profit

@tannurajput.21 10 месяцев назад

My name is Manni jaiswal i from India .i want a job

@Mxl100 9 дней назад

Makes one wonder how the heck she get all that money in the first place 🤔

@amoney2965 4 месяца назад

I rather become a lawyer then pay that 😂

@user-oe3sy1yu2h 3 месяца назад

Damn sounds like 2 million minimum to start the buisness lol

@Ree2mz 2 месяца назад

I think $150k minimum

@kinskins3895 2 месяца назад

Madam ji punjabi bhi bolaya karo ji

@kakaws77 8 месяцев назад

This is cheap start comparing to the US

@Ree2mz 8 месяцев назад

where in the US?

@kakaws77 8 месяцев назад

@@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 месяцев назад

Please halp me

@Ree2mz 9 месяцев назад

Check out my socials or my website www.reetuacademy.com @ree2mz