With India’s population standing at 142.86 crore as per the latest data released in mid-2023 by the United Nations Population Fund, we can expect retail to be one such industry that is sure to experience high growth in the upcoming years. The retail market size in India will amount to 1.7 trillion U.S. dollars by 2026 as per the stats, which gives the true testimony of the growth of India’s retail sector. With an increase in population, India will be witnessing a high demand for grocery and household essentials, which will ultimately pave the way for a bundle of entrepreneurial opportunities in retail.
Retail has always been the most secure and stable business choice for ages. Even in the tough time of COVID-19, retail and Kirana stores were the only businesses that have been allowed to remain functional. Food and groceries, often referred to as the lifeline of mankind, represent essential commodities that people rely upon for day-to-day survival. In this context, seizing a supermarket business opportunity within the retail sector, particularly focusing on food and groceries, can prove to be a highly lucrative business endeavour for aspiring entrepreneurs.
If you are looking for a business opportunity to bet your investments on, starting a Kirana store can prove to be a lucrative one. We at Grocery 4U, India’s leading supermarket franchise provider, can bring you enough insight into the future of Kirana stores and their growth perspectives to help you decide on setting up a successful entrepreneurial venture.
What Makes Kirana Store Franchise a Profitable Business
With supermarkets’ limited reach to the urban population residing in metro cities, it is evident that Kirana shops are dominant in the Indian retail scene. Over 95 percent of Indian grocery stores are made up of Kirana’s or small grocery stores. Though online grocery stores have emerged recently, mostly during the COVID-19 time, Kirana shops still occupy 95 percent of the retail market. The overwhelming presence of Kirana shops makes investing in a Kirana store franchise a profitable business opportunity for bedding retail entrepreneurs.
Let’s find out what makes the Kirana store franchise a profitable business for the ones aspiring to invest in a retail venture:
i) A Time-Tested Business Model
Starting a Kirana store franchise can prove to be a strategic move, capitalising on the enduring success of Kirana stores in India. These small, neighbourhood grocery shops stood strong in the test of time, remaining a trusted source for everyday essentials. This promises the stability and reliability of the Kirana business model.
ii) Strong Market Presence
Kirana stores have a deep-rooted presence in the traditional Indian grocery retail market. This established presence and familiarity within local communities contribute to a stable and loyal customer base.
iii) Personalised Customer Engagement
Kirana store owners often have strong personal connections with their customers. This personalised connection allows them to understand and cater to local preferences and demands. Close engagement with customers consequently promotes loyalty, repeat business, and positive word-of-mouth referrals.
iv) Adaptability and Agility
Kirana stores are known for their flexibility and ability to swiftly respond to market changes. They can adjust their inventory, introduce new products, and adapt to seasonal demands, ensuring they stay competitive in the ever-evolving retail landscape.
v) Lower Operational Costs
Kirana stores typically maintain lower overhead and operational costs compared to larger supermarket chains. This cost efficiency, combined with local community support, allows Kirana store franchises to offer competitive pricing.
vi) Recession-Resistant
The consistent demand for everyday essentials makes Kirana stores a recession-resistant business model. Regardless of economic conditions, people need groceries and household items, which ensures a stable customer flow and profitability.
Supermarkets, which are limited to metro cities, make up merely 4 percent of the whole retail market in India. Grocery shopping, on the other hand, is still a relatively minor player, and—when it comes to its share in India’s retail market—it accounts for less than even 1%. This disparity represents the relevance and success probability of Kirana stores in the Indian grocery retail space.
Unlocking Kirana Store Success with Grocery 4U
Starting your own Kirana store franchise is a dream many aspiring entrepreneurs share. It’s not just about running a business; it’s about becoming an integral part of your local community while ensuring financial stability. If you’re considering this path, you’re in the right place.
Let’s explore why partnering with Grocery 4U, a retail franchise provider, is the best choice for your Kirana store venture:
i) Your One-Stop Shop for Everything
At Grocery 4U, we’re all about convenience. We offer a diverse range of products, from groceries and bakery items to stationery, toys, books, personal care products, beverages, fruits and vegetables, frozen foods, ice cream, and even travel solutions. This extensive product variety allows you to cater to a broad customer base, ensuring there’s something for everyone.
ii) Solid Company Support
Our support goes beyond just providing products. We offer comprehensive assistance to help you succeed in your Kirana store franchise. This includes accounting support to manage your finances, purchasing support to ensure you have the right products in stock, and operational support to streamline your day-to-day operations. Our staff training programs are designed to empower your team with the knowledge and skills they need to provide top-notch customer service.
iii) A Lucrative Income Stream
One of the most compelling reasons to partner with Grocery 4U is the potential for a lucrative income. On average, our Kirana store franchise owners earn approximately Rs. 2 to 5 lac per month. With our diverse product range, comprehensive support, and the enduring demand for everyday essentials, your success is well within reach.
Join Us Today
If you are planning to start a Kirana store, the ideal approach is to partner with Grocery 4U. When you partner with Grocery 4U for your Kirana store franchise, you choose more than just a business collaboration.
Here at Grocery 4U, We have designed diverse business models to empower entrepreneurs like you who are looking to start a Kirana store. Join us today, and get on a promising path to retail success with Grocery 4U.