Business Overview

Health food stores offer a selection of nutritional supplements, vitamins/minerals, homeopathic products, healthy snacks, and organic and non-GMO fresh fruits and vegetables.

Who is this business right for?

This question should be carefully examined prior to becoming involved in the industry as a store owner. A health food shop can be perfect for someone with firm beliefs in developing and maintaining a healthy lifestyle and helping others do the same. For an entrepreneurial individual who is willing to take risks if needed, the retail health food industry can be ideal. It's important for the owner or owners and the employees to be committed to a customer centric atmosphere. In many instances, owners and managers form very personal relationships with customers in need of recommendations for health issues that were unsuccessfully treated with traditional medicine for months.

What happens during a typical day at a health food store?

Your daily duties will vary depending on whether you have a partner, and the number of employees you plan to hire and supervise. Whether you plan to manage the store, or hire experienced managers. The time commitment in the health food retail industry is extensive since most stores in large and medium-sized cities are open late seven days a week. Inventory turnover with variable expiration dates takes place eight or nine times a year. As a result, small business inventory management takes on a new perspective with an inventory tracking system that is consistently followed. Another option is using a POS solution that automatically tracks and orders inventory.

What is the target market?

The preferred client/customer types are individuals interested in health (such as bodybuilders, weight lifters, athletes, and sports coaches) or who have special dietary needs (such as weight loss, diabetes, and food allergies).

How does a health food store make money?

In addition to creating an attractive and friendly atmosphere with top quality products, store location with high foot traffic and convenient or free parking is important in attracting customers. Sales increase when the staff caters to consumers who are looking for a rewarding shopping experience that supports their healthy lifestyle. Consider including a complimentary newspaper featuring educational materials about vitamins/minerals, food plans, discount coupons, and recipes in the store. Boost sales with video displays, interactive media, kiosks, and food sampling programs.

What is the growth potential for a health food store?

The global dietary supplements market is expected to reach $278 billion by 2024. The importance of the medical nutrition market is growing due to the increased need for the treatment of malnutrition and cardiovascular disorders and the need for dietary supplements. Sports nutrition sales in the U.S. are growing due to the increasing prevalence of fitness and sports at a domestic level and new product launches.