You will need to register for a variety of state and federal taxes before you can open for business.
Pre-opening expenses, including rent and insurance, can add another $10,000.
These expenses, when combined with grand opening advertising, security deposits, and working capital, can easily surpass $500,000.
A good point-of-sale system will require another $40,000.
Initial inventory can be a massive investment, sitting around $160,000.
After registering a domain name, consider setting up a professional email account (@yourcompany.com).
Google's G Suite offers a business email service that comes with other useful tools, including word processing, spreadsheets, and more.
It has quite a bit of competition, and much of that competition is from well-established providers.
If a small grocer doesn’t create a niche selling point, they may be outclassed by the big-box stores.
Some grocery stores gain competitive advantages by offering in-house craft beer stations, too.
Over time, a successful grocery store will be a preferred local hotspot.