Ask your average grocery store manager what they earn in a typical year, and the answers range from $60,000 to $120,000, with most making about $75,000 a year. Grocery Outlet Independent Operators can earn over 4 times the typical grocery store manager salary.
How much does a grocery outlet franchise owner make?
The average salary for an Owner Operator is $74,460 per year in United States, which is 19% higher than the average Grocery Outlet salary of $62,306 per year for this job.Oct 12, 2021
How much does a grocery store owner make?
Grocery store owners make anywhere from $60,000 up to around $300,000 or more. Location, size of store & whether it's a franchise affect the pay range the most. While grocery store owners on the top end, do earn more than a grocery store manager for a company, that is not the case on the low end of the range.
Can you own a grocery outlet?
Yes. As joint owners, everyone of our Independent Operators made an initial investment to buy into their Grocery Outlet location. However, your investment is only a fraction of the millions of investment dollars that Grocery Outlet outlays to refurbish or build a new retail location.
Are grocery stores profitable?
Conventional grocery stores have a profit margin of about 2.2%, making them one of the least profitable industries in the US. But they make their money by selling in large volume & multiple locations. However, stores in natural, organic, and gourmet niches tend to see bottom-line profit margins of closer to 5-10%.