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What does it take to open a grocery store? A video on TikTok answers this question.
From the outset, according to what is heard in the video, the amount of one hundred thousand pesos would have to be invested.
In Mexico, currently Retail Trade of Groceries and Food registered 984,361 economic units.
A video posted on TikTok shows what it would cost to open a grocery storeas well as some challenges to face before such undertaking.
Stores like Oxxo or 7-Eleven, without a doubt, changed the consumption habits of several people, which is why, over the years, these establishments continue to earn the trust of their customers.
And it is worth noting that now it is practically impossible to imagine the streets without an Oxxo or 7-Eleven store; its strategic location almost on every corner has made its popularity grow by leaps and bounds.
In this context, Oxxo, in particular, is one of the most popular stores today. According to information from the Bank of Mexico, the convenience store chain was the company with the largest number of branches for the collection of remittances in Mexico, with a total of 19,146 establishments.
This is because, today, consumers have a wide range of products that they can get by going to Oxxo or 7-Eleven, without the need to visit the big supermarkets. In addition, among the experiences offered in these types of establishments, there is the fact of paying for services such as telephone, internet, making bank deposits and the like.
This is what it could cost to open a grocery store
From this perspective, the outlook for shopkeepers looks complicated, especially at a time when the growth of these brands does not stop, but quite the opposite.
According to him National Statistical Directory of Economic Units 2021 (DENUE), Retail Trade of Groceries and Food registered 984,361 economic units. The states with the highest number of economic units were the State of Mexico (160,302), Mexico City (83,932) and Puebla (73,019).
Now, these are times where entrepreneurship is also part of a series of new habits of people. Information from the Association of Entrepreneurs of Mexico (ASEM), there are more than 4.4 million micro, small and medium enterpriseswhich are driven by entrepreneurs where the majority are young people between 26 and 35 years old (35 percent), followed by adults between 35 and 45 years old (31 percent).
From this perspective, opening a micro-enterprise is one of the real possibilities in the current scenario and among the long list of options that people have, opening a grocery store still seems to be an interesting alternative, but what is required? to make it? A video on TikTok answers this question:
From the outset, according to what is explained in the video, to open a grocery store an investment of up to one hundred thousand pesos could be required, while, per day, profits of one thousand 100 pesos come out. This, among other things:
@freddtoker To open a grocery store…
Although it is true that the scenario is difficult, for some people, grocery stores represent an important way to generate income, although, yes, the competition is strong.