Opening a Mini Market Store in Poland. Starting cost / Expected monthly income?

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Sep 14, 11, 18:27 #1

Hi Everyone,

We are thinking of moving to Rzeszow and open a small mini market store to sell everyday goods. my questions are: #1 Can anyone tell me the cost of starting the business including price of renting a commercial space about 50 square #2 what will be the monthly gross income " average" that I can expect to produce.
#3 how much I need to deduct from gross income to calculate my monthly net profit?

Thank you for your advice.
rzusa

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Sep 16, 11, 16:30 #2

Merged: OPENING A SMALL MINI MARKET IN RZESZOW

Hi Everyone,

Hope everyone is doing fine. We are thinking of moving to Rzeszow and open a small mini market store to sell everyday goods. my questions are: #1 Can anyone tell me the cost of starting the business including price of renting a commercial space about 50 square #2 what will be the monthly gross income " average" that I can expect to produce.
#3 how much I need to deduct from gross income to calculate my monthly net profit?

Thank you for your advice.
rzusa

♂

Sep 16, 11, 16:42 #3

Hi,

1. You should allow about 40,000zl to fit the shop out and stock it. I don't know the town yoblyu are talking about but i guess somewhere about 50sqm will be about 3000zl per month (depending on location i.e town centre ) You will probably need to pay a two month deposit and if you rent through an agency their fee will probably be one months rent.

2. No one can tell you this it depends on what you sell, location and a million other factors.

3. If you are selling everyday items such as food you will be working with very small margins in terms of profit I would guess about 25% gross profit margin.

I would give you this advice, unless you have a very very good location I wouldn't bother. This is a very saturated market in Poland, for example within a two minute walk of where I live there are four small shops selling everyday items and a bakers.

Your total start up costs would be well over 50,000zl and I can think of a hundred better investments for this kind of money.

rzusaThreads: 1 Posts: 2 Joined: Sep 14, 11 ♂	Sep 16, 11, 17:48 #4
Hi, so you think that a mini market is not a good small business to start in Poland bc of to much competition and not a good profit? what tipe of small business you think it will be a good one to open and be able to earn about $10,000.00 zl monthly after expenses, having a about $20,000.00 us dollars to invest. PLS advice. Thanks.

teflcatThreads: 6 Posts: 1,071 Joined: May 29, 11 ♂	Sep 16, 11, 17:52 #5
be able to earn about $10,000.00 zl monthly after expenses, having a about $20,000.00 us dollars to invest. If you find a good answer to that question, please pm me.

Wedle	Sep 16, 11, 18:34 #6
what tipe of small business you think it will be a good one to open and be able to earn about $10,000.00 zl monthly after expenses, having a about $20,000.00 us dollars You may want to contact Robert Barr...

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Edited by: MyMom Sep 16, 11, 18:36 #7

Hi, so you think that a mini market is not a good small business to start in Poland bc of to much competition and not a good profit?

I think that market is dominated by stores like Biedronka, Żabka, Intermarche, Netto - all part of large network, which gives them huge competitive advantage. Those articles are very grim:
http://wyborcza.biz/biznes/1,101562,7715641,1_3_malych_sklepow_splajto wala_przez_dyskonty.html
http://wyborcza.biz/biznes/1,101562,8818539,Czy_dyskonty_zabija_osiedl owe_sklepy_.html
http://wyborcza.biz/Firma/1,101618,9217625,Rocznie_upada_6_tys__sklepo w.html

I did see an interview with guys that succeeded nonetheless, they gave some hints, but can't find it now ;)

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Sep 16, 11, 19:13 #8

honestly, there are better options. mini markets are finicky. Your location is so important. And lets say you are successful- what happens when the mini tesco or biedronka sets up shop in a year next door to you. typically mini market prices are inflated but the hours are longer than a grocery store. we have a mini market very close to us and it is busy from all the construction workers. they also sell really great fresh breads and a good selection of beer. the other stuff is standard- coke, yoghurt, pasztet- not worth it.

Knee Grow

Nov 6, 11, 12:50 #9

rzusa:

and be able to earn about $10,000.00 zl monthly after expenses, having a about $20,000.00 us dollars to invest.

Yes you can if you do it the right way....I have done that business for 22 years in USA,In poland basic concept of the business is still developing and is being used by the gas stations convenience stores for example add,lottery machine and Bankomat(Bankomat machines can be bought from 4000Pln and up),they itself can sometimes pay for rent etc then again depending on situation and get alcohol license,if you cant then settle for beer/wine licenses,there is lots of money in this business...only if you keep a strict eye on theft...and that theft is by employees not customers.
Franchising is an option but honestly in that you are nothing but a high priced manager.In Poland carrfour rexpress,and jaba is the only one I know(buy a franchising magazine available on most book shops or visit there site.
Any help you need feel free to email me at PolciaQQ@aol.com.

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