general store, retail store in a small town or rural community that carries a wide variety of goods, including groceries.Dec 9, 2021
What did a general store sell?
General stores were where you would go to get just about anything and everything you could possibly need, from food and clothing to household goods and even building supplies. General stores became the "one stop shop" for the communities they served.
What is another name for general store?
- convenience store.
- trading post.
- bodega.
- corner.
- country store.
- mom-and-pop store.
How much money is required to open a general store?
Startup costs It can cost typically between $50,000 and $100,000 to startup a convenience store. But this number can go as low as $10,000 (unlikely) and up to $ 1 million (if you have deep pockets). Much of this startup expense is invested in initial inventory, rent and deposits, and equipment.Jul 2, 2020
Is a general store profitable?
Conventional grocery stores make 1-2% bottom-line profit, but stores like Whole Foods Market may generate 5-12% profit. However, for small independent grocery stores, 1 to 4% is more typical. There are also a lot of factors that affect independent owners more, such as marketing, product costs, and shrink.
What kind of business is a general store?
General stores often sell staple food items such as milk and bread, and various household goods such as hardware and electrical supplies.
How do you make a general store profitable?
The way grocery stores typically make a profit is by selling volume. So selling more of a lower priced item at higher volume will bring in more profit than selling one or two items with a higher markup.
How much should you invest in a general store?
When startup investment is considered, grocery store owners can expect to spend between $70,000-$100,000 on equipment. A good point-of-sale system will require another $40,000. Initial inventory can be a massive investment, sitting around $160,000.
What kinds of goods did general stores sell?
General stores were where you would go to get just about anything and everything you could possibly need, from food and clothing to household goods and even building supplies.
What does general goods mean?
General goods are basic items, usually needed for everyday survival, including basic drinks, food, and some basic profession or tradeskill tools. Vendors for these items can be found in just about every major city or village.