How do I start a bent and dent grocery store?
Add your voice! Click below to answer. ThriftyFun is powered by your wisdom!
How to open a bent and dent store
Step 1
Draft a business plan
Step 2
Consider your specialty.
Step 3
Find a suitable location to house your merchandise.
Step 4
Apply for a local business license
Step 5
Apply for an Employer Identification Number at the Internal Revenue Service's website at IRS.gov.
Step 6
Contact retailers in your area to determine if any sell distresses, returned or damaged goods. Large chain stores liquidate through agents for a very small percentage of the original selling price.
Step 7
Contact local insurance underwriters to determine who they use to liquidate disaster inventory.
Step 8
Advertise that you purchase closing business inventories and similar goods.
Step 9
Monitor "going out of business" sales and offer ownership a small, flat fee to purchase everything remaining in the store.
Step 10
Meet with local grocers and grocery distribution centers in your area to attempt to purchase distresses and damaged goods.
Some stores are one, two person or family operations and others employee 25 or fewer.What is unique about the stores is that the owners put their personal touches in all they do.
It costs about $25,000 or more to open a store and that includes opening inventory, deposits and opening expenses. Some have done it on less inventory and smaller stores, while others have invested in excess of $100,000.00 to get underway. Go to smallbusiness.chron.com/
You're in luck! There is always a thread from ThriftyFun with lots of tips and pointers.
Reference: www.thriftyfun.com/
You probable need to start with your state, county and city offices to find out all the regulations regarding this type of store. Be prepared to be shocked (some states are more strict than others)!
This is not an easy business to open and it does require some capital for leasing a building, permits, deposits on business utilities, Insurance (your state may require unemployment insurance or a bond - sometimes this is required if a husband and wife are the only employees), vehicle/truck for store use (size?), stock (large sum of money), and more.
Here are links to the information supplied by Judy and coville123:
www.bananaboxwholesalegrocery.com/
smallbusiness.chron.com/
After you determine if this is, in fact, something you would like to do then you can start contacting your local stores to see how they sell their damaged boxes etc as most have a certain way to do this and most of the time it is a bid process. Bids may be for a certain length of time that a bidder will take everything the store has to offer and what price they will pay. But then, some stores do this differently so you will have to check that out for yourself.
Here are links to dealers that sell to bent and dent stores so keep this list handy as this may be the way to go, especially in the beginning. There is also a link to each state/city and stores in that state.
www.jdcloseouts.com/
This basically depends on your country, city, and location. Countries like France have different rules and regulations than the US. You will need to check with your government office for businesses and find out what you need to open such a store. They will have a package for you to follow.
You will need a business plan, name, licenses, capital, inventory, suppliers, and an accountant. You will need your tax ID number and a few other important papers before you can even open your market. You will also need to check with the health department if this applies in your state as to the requirements they have.
I would start with my government business office and go from there.
Every state and county has different standards and processes. I would contact your county and find out what licenses are required. In Los Angeles, we have to go through many steps and standards to open shop.
Add your voice! Click below to answer. ThriftyFun is powered by your wisdom!
