Supermarkets and grocery stores are a staple in every town and city and never go out fashion, making them a great ground for those hoping to get involved in the lucrative industry. Although recent years have seen the market stagnate somewhat with persistent inflation and crop shortages, 2017 has seen substantial growth for the UK’s biggest supermarket, Tesco, which witnessed its first growth in seven years and profits break through the £1 billion mark. In this way, the industry is getting back on track despite adversity, and now could be the perfect time to invest in a franchise and begin a new life in the sector.
Although Tesco is still the leading supermarket by far, discounters such as Aldi and Lidl are starting to see impressive levels of growth. Indeed, the former has been touted as the fastest-growing supermarket in the country, with sales rising by 18.9% in just 12 weeks according to latest figures. This means that any successful grocery business will need to take into account the needs of its customers. As purse strings tighten due to inflation and wage stagnation, opportunities for affordable outlets are becoming increasingly available.
Owning a smaller grocery store could be a great way to rival bigger supermarkets such as Aldi and Tesco, particularly if you are setting up business in a small town where people do not want to have to travel far for affordable food. SPAR, for example, is currently in the business of recruiting new partners for its franchise, and states that it can offer business support, training and development, along with a world class distribution service. This means that partners can embark on a relatively low-risk opportunity and be supported all the way.
If you are interested in getting started in the grocery industry, don’t hesitate to get in touch today!