Anyone here has been involved in minimart business? Come share your experiences

I am looking for minimart operators.

What uniqueness is there in your minimart?

Being a tailgater in location isn't a bad idea. You save plenty of research time and money. Have you noticed that whenever a Jusco starts in a new location, Tesco, Carrefour, Giant will soon to follow. The tip is, go look at renting a lot nearby 7-11, KK & 99. Your goal now is to find the shop that earn the highest turnover permonth. Which can be translated into, you have found the biggest pool of minimart customers in that area.

With skills and personality, you go get the average figures for the past 6 months so you can decide:
1. How much % of the market can I gain by entering here?
2. How much is the profit, min-max-average is expected to grow for my next 6 months?
3. Am I comfortable with the margin by competing here?

Price = Cheap always the Better Choice.
Service = Friendly Staffs, and Beauty is a Bonus.
Conveniency = Variety Products, Easily search N found, Location, Ample Parkings.
Hygience = Clean, Fresh Products.
Human = As below

Human, from my observation, tends to walk under / inside shady places away from the sunlight.
So avoid getting a shoplot that is directly under sunlight in the morning AND evening.
If you can't have the luxurious of having both, because sun either shines into your shop in morning OR evening,
then go for morning shade. Most people will stay home after lunch til late evening for dinner.
So it doesn't matter if your minimart is in the sunlight in evening. Morning crowd is your business.
Opening 7:00am could be your main attraction for the pasar auntie uncle after a cup of tea, if the rest of the business are opening late at 10:00am when most crowd already preparing to go back home or office.

It burns electricity and air conditioning lifespan too if you're in for a long hot day.
So pick your choice accordingly.

The above is solely my own opinion.

This post has been edited by dreamKrusher: Jan 5 2011, 12:23 PM

Wow that's quite detailed from you. Thank you. Anymore bits from others?