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Grocery Store / Minimart | Biz

NRGG2011NRGG2011 PExer
edited March 2019 in The Entrepreneur's Corner
This is my first time to post. Ive been reading the thread and the tips here and discussions are really helpful. Salamat sa mga masisipag na contributors sa thread.

I recently rented a space in our village. Im planning to put up a grocery store. Feasible kaya sya? There are about 3 stores in our big village. Yun dalawang store kulang naman yun mga paninda. Balak ko na gawing kumpleto yun sa amin - with basic commodities, canned goods, drinks, rice, load, h20 (yun 5 gallons), school supplies, health and beauty products, first aid meds, etc... Kikita kaya ako? Pano ba magcompute ng dapat naming makuha araw araw upang di malugi? I remembered my friend before, who has a store in the market, she has this formula of getting how much she should earn daily to be able to see if she's earning or not. Pag kumita daw siya ng 3.5k a day, kuha na daw nya yun gastos plus may kita na siya doon. How can i compute for that? Sensya na, its my first time to put up my own biz and im still trying to learn.

Hope you guys could give me tips on how to do this. Im scared of failing kasi yun puhunan na gagamitin ko ay yung konting sobra na nakuha ko sa separation pay ko sa dating trabaho ko. salamat*okay*

Comments

  • Just exceed your overhead costs for the month and that's your profit.

    rent= 5,000
    electricity= 800
    water= 200
    Stocks= 20,000

    Total expenses= 26,000

    Ex. Gross monthly income is 32,000 - 26,000= P6,000 Net profit

    Daily earnings should be at least

    P32,000/30 days= P 1,066.67
  • thanks sir @archer_dude13 for the reply. i still have more questions though, how can i get my ROI? yun start up cost san yun papasok and also yun mark-up? sabi nila di daw profitable yun grocery kasi the goods have 3-5% mark up lang. tama ba to? do i need a cash register or kahit wala na. tapos ok din ba maghire ng bookeeper? the owner of the place i rented also advised me that i shouldnt allow the customers to enter the store. dapat yun tindera ko na lang daw magbibigay ng goods. sabi kasi nya, madaming mga bata and mahirap imonitor yun shoplifters. our village kasi may elem school sa harap. balak ko kasi sana yun pwede pumili ng goods yun customers.
  • may mga nakita na akong mini-mart na nagsara dahil mas pinupuntahan ng mga tao ang mga supermarket or palengke. pero yun ay case sa isang city.

    kung taga province ka at malayo ang palengke or supermarket, it might work.

    gandahan mo yung itsura ng mini-mart. minsan kasi yung mga tao hindi bumibili sa tindahan pag mukhang bodega yung tindahan

    dapat maganda rin yung pwesto mo. don't expect na pupuntahan yung minimart kung nasa eskinita or maliit na street yan.

    dapat din kilala ka ng mga tao dyan at marami kang kaibigan. kadalasan sila mga una mong customer.

    -tips from a college student
  • thanks for the tips din [email protected] pinoy. sa harap ko yun isang school tapos maraming dormitories and apartments na katabi. so naisip ko sila yun captured market ko. i listed all the goods ill be selling and it included yun water delivery (yun 5 gallons) kasi wala pa nun dito sa amin. ill be including some school supplies din kasi mas malaki daw kita dun kesa sa groceries lang. sabi ng friend ko mabenta daw yun softdrinks, rice, sugar, load at yun mga hba products. so far ok naman yun planning and preparation. my worry and concern really is yun accounting part of it. yun magkano ba talaga ang dapat ko matarget in a day to be able to shoulder all the monthly expenses incurred. if the markup for the grocery items is only 3-5 % tapos yun school supplies 25-50% (mas malaki daw kita pag tingi yun paper, bond paper, etc), pano ko yun icocompute?
  • actually you should not be computing on a daily basis... kase more likely it should be averaged a month or at least a week... since magkakaiba **** ang sales mo daily...

    pero kung target *** naman eh
    compute mo *** total monthly expense mo
    including rent...

    TOTAL MONTHLY EXPENSE / Contribution Margin rate
    = Break even Sales

    Contribution Margin rate(CMR) - tubo / sales
    Break even Sales (BES) - *** need mo para mabawi ang puhunan mo... in other words... profit = 0, bawi bawi ***

    ex.
    SALES mo is 105
    ave ng patong mo is 5%
    so ang puhunan mo sa binenta mo is 100
    how? (105/105% or simply 105/1.05... thou not much needed)
    ayan so to get cmr just divide tubo over sales
    5/105 = 4.76%

    so to break even
    kung may 30k kang monthly expense asuming mga 5 *** tao mo ha and ang rate nila is P150 only < this is legal because minimum wage applies only if your tauhan is more than 10

    here is the solution
    30k/.0476 =
    630,252 per month
    which is 21k per day

    so if ave cmr mo is 10%
    30k/.1 = 300k a month
    w/c is 10k a day

    and if *** monthly expense mo naman ang pinababa mo

    w/ 5% cmr
    20k/.05 = 400k per month
    13k per day

    w/10% cmr
    20k/.10 = 200k per month
    6.7k per day
  • thanks a lot ^kaeri^. parang ang laki ng dapat habulin ko pala. coz my monthly expenses is 50k. Sinali ko yun stocks sa monthly expenses, tama ba ako?
    here it is:
    rental 8000
    electricity and h20 2000
    salaries (2) 7000
    taxes/ sss/ licenses / philhealth 4000
    food and transpo of tindera 5000
    others (plastic bags/pantali/etc) 3000
    stocks 21000
    total = 50000

    mark up on groceries/ snacks/ school supplies = estimate ko is 10% (yun canned goods mga 5% lang, snacks 10% while yun school supplies 25%)

    therefore 50k/.10 = 500k per month
    16,667k per day?

    tama ba pagcompute ko? naku if ganyan, nakakatakot habulin.
    there are lots of taxes pala, may percentage tax paid every 20th, withholding tax paid on the 10th and income tax paid quarterly plus annual (bakit needed pa yun annual pay?)

    matao naman yun lugar and madami customers pero i doubt if pwede habulin yun 16k monthly. ano sa tingin nyo adjustments to be made?
  • NRGG2011 wrote: »
    thanks a lot ^kaeri^. parang ang laki ng dapat habulin ko pala. coz my monthly expenses is 50k. Sinali ko yun stocks sa monthly expenses, tama ba ako?
    here it is:
    rental 8000
    electricity and h20 2000
    salaries (2) 7000
    taxes/ sss/ licenses / philhealth 4000
    food and transpo of tindera 5000
    others (plastic bags/pantali/etc) 3000
    stocks 21000
    total = 50000

    mark up on groceries/ snacks/ school supplies = estimate ko is 10% (yun canned goods mga 5% lang, snacks 10% while yun school supplies 25%)

    Tingin ko ang monthly overhead expenses na kailangan mong habulin, as per narration mo above ay P29,000.

    Kung 30days a month kang open, you'll need to earn a gross profit of at least P1,000 a day.

    Kung 10% ang average mark-up mo for each item, everyday kailangan mong bumenta ng at least P10,000. This is para lang makuha yun basic expenses ng mini-grocery mo, wala kang take home pay para sa sarili mo. At wala rin dito yun inflation na sakaling yun next purchase mo ng inventory/stocks/merchandise mo ay biglang magtaas ng presyo.

    Advise ko huwag mong hahayaan na maubusan ka ng stock. Yun availability ng stock mo dapat sobrang monitored mo. Yun puhunan mo, hopefully hindi magamit na pang-cover sa overhead expenses mo para instead na kumonti ito, madagdagan pa.
  • Di mo na need isali *** stock sa monthly expense kase kasama na un sa computaion ng CMR

    kase nga ibigsabihin nung contribution margin is *** sobrang pera mula sa stocks na binili mo.

    *** taxes indi dapat kasama sa computation. sa dulo pa un kase naka base un sa net income mo dba?

    *** philhealth and sss d mo nid bayaran un if *** mga tao mo is less than 6 months *** *** then change mo na

    licenses is not paid monthly... so remove mo na rin or i distribute mo sa whole year.

    waw me sagot mo pa food and transpo ng tindera? eh 7k na sweldo nila?

    others... I think masyado malaki ang 3k supplies for 2 tindera
    btw panu magkakasya ang dalawang tindera sa grocery?

    unless yan yung di abot na grocery
    oh well assume na de abot yan

    masyado malaki ang 3k for supplies
    masyado malaki ang babayaran mong kuryente at rent kung maliit *** yan kase I think a konting ilaw *** ang needed nyan...

    well makikiride narin ako

    so

    rental 8000
    electricity and h20 2000
    salaries (2) 7000
    others (plastic bags/pantali/etc) 1500

    monthly exp = 18.5k
    18.5/ .1
    =185k per month
    =6166 per day (and I think malaki parin ito para sa di abot na grocery for 2 tindera only)
  • dont know what market you have in your village.

    but maybe you can check on rtw.

    good margin mga rtw. min 30-100 pct.
  • try making a simple income statement. I'm not an accountant but it's kind of basic. Gross sales less cost of goods sold less operating expenses and other expenses incurred in the business during the month= net income. ex:

    sales (september) - P100,000

    less: cost of goods sold
    (puhunan ng mga goods mo)-P70,000
    P30,000
    less: operating expenses
    -labor -P6000
    -rent -P10,000
    -utilities -P4000
    etc.

    Your net income for the month is P10,000.

    *depende po sa markup nyo kung ilang percentage ang patong nyo sa products nyo pero try nyo itong equation na to. at gumawa muna kayo ng project study kung feasible ang grocery sa area nyo. maraming factors ang kailangan iconsider when choosing your target market. just remember the 4 P's of marketing to guide you, it's easy and it can really help. PRODUCT, PRICE, PLACE AND PROMOTION.

    pricing is very important sa negosyo na gusto nyong pasukin lalo na kung may competition sa area niyo. The place is also very important.

    Sana naka tulong ako sainyo. Good luck in your business! =)
  • Dear Sir / Madam,

    Tindahan Ventures is a manufacturing company of Home Care Products like; liquid hand soaps, dishwashing liquid, powder detergent, fabric softener, glass cleaners and all-purpose cleaner. Our strength lies in good quality, competitive prices and on time delivery. We have already established clients in Pateros area and in Tanauan, Batangas.

    We are also diversifying ourselves into producing Personal Care Products like perfumes, massage oils and hand sanitizer. We are gradually developing in this area too.

    You can contact our office at the below mention address for any business inquiries. We will guarantee high quality and on time delivery of your goods.

    We hope to hear from you soon.

    Sincerely yours,

    Engr. Jayson O. Catedral
    Vice President for Operation
    Tindahan Ventures
    46C M. Lozada Street,
    Pateros, Metro Manila
    [email protected]
    +639062881171

    071317166_070912400e8bf74a827c093095de3643e25f17094ce42a89b.jpg
  • Hello,

    I would like to introduce this new era in grocery business.

    The Online Grocery Business.

    20k investment only.

    To know how it works download my free Ebook.

    http://www.clavmall.com/getgroceryestore/images/ebookcover.jpg

    Click here to download it.

    Thank you!
  • I hope related naman to sa discussion. Na try nyo na ba ang online grocery? Me online grocery na sa Pinas :D
  • Hi Guys,

    I'm Francis Clavano, I would like to share lang sana itong business opportunity ko about grocery.

    Ok naman kung makapagstart kayo ng sari-sari store.

    But my opinion kasi malilimit mo lang ang market mo kung sari-sari store ka.

    How about online grocery nalang?

    Madali lang siyang isetup kasi ready made na ang website.

    Mag upload ka lang ng mga grocery items details invcluding pictures.

    Once may mag order, bibilhin ninyo sa grocery store tsaka ninyo ideliver.

    Ang naka ganda lang nitong online grocery guys malawak ang pwede ninyong customer.

    Kahit boung city (kung nasa city area kayo) pwede ninyong maging customer.

    So to find out how to start this. May FREE eBook ako para sa inyo.

    Below is the ebook and at the bottom is yung link to download the ebook.

    ebookcover2.jpg

    http://www.clavmall.com/getgroceryestore/signup2.php

    Thanks
  • If plano mo pong magtayo ng tindahan at naghahanap ka ng all-in-one supplier. Try niyo po SuySing.

    Suy Sing is a one-stop-shop, partnered with over 300 suppliers, such as Nestle, Del Monte, Alaska, Coca Cola, Unilever, P and G, etc. You can choose from over 4000 SKU's across 200 categories, from one trusted source!

    Suy Sing offers an extensive range of items at everyday low prices! We cater wholesalers/ retailers nationwide. Accessible pick-up centers, plus fast and reliable delivery service ensure our retailers of stock availability whenever they need it! You can order either by phone, fax or email! We also have this EZO (EASY Ordering) Mobile Application where you can send your orders using your Android phone!

    We have two transactions, you can choose either to pick-up your stocks from our warehouse, and get as much as 1% pick-up allowance; or have it deliver in your store instantly! If you are about to order products and choose to deliver them, we have a cut-off of 12 noon so as to deliver your groceries THE NEXT or FOLLOWING DAY! Minimum order for delivery is Php 15,000 but it depends on your area.

    For other inquiries of our promotions, just check our website at www.suysing.com or visit our facebook page, SUY SING OFFICIAL, and you'll see products featured in our flyers for the month! For assistance, kindly call me at 706-8849 or text me at 0923-1425-756 ; or email me at [email protected] or [email protected] and I'll be glad to get back to you. Here’s hoping for a start of a new business partnership with you.

    Thank you po!
  • Good day. Sana ay matulungan nyo din po ako. Here it is. Ako po ay may grocery store n nasa mismong loob ng palengke. At bago pa lang din ako s ganitong business. Ang patong ko s bawat item ko ay 3% - 4% dahil kailangan ko pong pumarehas s mga groceries n nandto. Ang Estimated expenses ko kada buwan ay 18,500 kasama n ang rent,ang tao,at electricity. Wala p yung Bir and others. So, sa isang araw pinakamataas kong benta is 50+k pinakamababa ay 30k.So pano ko po kaya malalaman yung net income ko in a day. Sana po ay matugunan ninyo ako. Marami pong salamat.
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