Business Overview

An Asian grocery store offers customers groceries that are typically used in creating traditional and authentic Asian dishes. This includes canned goods, sauces, produce, spices, and meats.

Who is this business right for?

If you are familiar with Asian dishes and have a passion for helping consumers create these authentic flavors, an Asian grocery store may be the perfect endeavor. Since interacting with the public will be critical to your business’ success, a passion for helping others would also prove beneficial.

What happens during a typical day at an asian grocery store?

Your team’s primary duty is to provide quality customer service. As an independent food store, your interaction with customers and the service you provide will define the business’ long-term success. When a client has a question or concern, address these issues with speed and respect.

Additionally, you will need to;

  • Manage inventory, reordering supplies whenever necessary
  • Price products and stock shelves
  • Keep the establishment clean and orderly at all times
  • Advertise and network to ensure your business grows
  • Develop and nurture relationships with regular customers, as well as distributors
  • Remain abreast of new trends in Asian cuisine

Additionally, you or a member of your staff will need to closely track inventory, manage the business’ finances, and handle tasks associated with payroll.

What is the target market?

Primarily, you will be targeting Asian chefs and families. With the right location and marketing strategy, however, many business owners have found success catering to the needs of other local consumers. More and more consumers are beginning to realize the benefits that come with shopping in niche grocery stores. Targeting them in your advertising efforts will help increase your store’s annual sales and profits.

How does an asian grocery store make money?

Your grocery will generate revenue through product sales. Prior to opening your business, it’s important to understand market needs. Over-saturation in a community will negatively impact your business, as well as the competition’s.

What is the growth potential for an asian grocery store?

As previously mentioned, market demand in your area will define your grocery’s success. With a well thought-out business plan, and investment in the right location, this niche business has the potential to thrive. Many Asian food store owners have realized such success that they were able to open multiple locations throughout the community.