Convenience Stores
Startup Costs: $10,000 - $50,000
Franchises Available? Yes
Online Operation? Yes
In spite of the rising popularity of internet shopping combined with home delivery of grocery and convenience items, starting and operating a 'mini convenience store' is still a good business venture to activate that has the potential to generate respectable profits. The name suggests it all. In order to succeed in this segment of the highly competitive retail industry, the store must be convenient. This means an easily accessible and highly visible business location, well-stocked with the most popular convenience products, and fast and friendly service. Remember, if a customer's shopping experience at the store is not convenient then there won't be any repeat business. In addition to the usual supply of convenience products, such as milk, eggs, bread, snack items, and soda pop, be sure to add other products and services to attract customers to the store and keep them returning as repeat business. These products and services can include lottery ticket sales, tobacco products, newspapers and magazines, a fax service, photocopying, calling cards, postal stamps, and even fresh-cut flowers for sale on a daily basis. Once again, business location is the key to success. The business must be located with easy street access and good parking, or alternately in an area of heavy foot traffic like a mall, transportation terminal, or office district.
The Market
People in a need of a convenient, one-stop place for one or more of their needs
Convenience Stores Ideas
Wholesaler
Be the middle person between a manufacturer and the retailer. With any product or service included, this is a business that will always be needed.
Lingerie Shop
Put a swagger in women's steps by providing them with attractive lingerie.
Inventory Liquidation
Every cloud has a silver lining. When other stores close shop, you can buy their products wholesale.
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