4 Tips for Starting a Convenience Store

LOS ANGELES, Oct. 22, 2014 /PRNewswire/ -- Starting a new business is an exciting opportunity, but it can also be a real challenge. The first steps are rarely easy, but store ownership can prove to be both lucrative and fulfilling with a little hard work. As a top provider of convenience store products in the Los Angeles area for nearly a decade, LA Top Distributor has a few tips for new owners.

1) Weigh out franchise options

Deciding whether or not to join a franchise or starting a new store from the ground up is an important decision, and one that has numerous pros and cons that an owner will have to weigh. Joining a franchise has benefits such as assistance with marketing and your initial setup. On the other hand, being a part of a franchise also normally comes with a franchise fee that will cut directly into profits. Alternatively, an independently owned store allows for more freedom, and possibly more profit, but may be more challenging to operate. Do the research, and make the best decision for your needs.

2) Acquire funding and secure location

Any new business owner needs to secure their funds before they get started. Determine all of the initial expenditures as well as the operations cost. Make sure you have enough so that, if you lose money for the first few financial quarters, you won't be in dire straits. Consider the target demographic, and decide if it's more advantageous for you to open near high traffic areas where you might get more exposure, or off the beaten path where you may be more essential.

3) Build relationships with suppliers

Wholesale suppliers are essential for a store owner's ability to make a profit. When it comes to earning a sold income from products, convenience store ownership can be trickier than other businesses because owners must keep prices low; that can make profit margins extremely tiny if you're not a careful shopper. For that reason, selecting the right distributors to do business with can be half the battle. LA Top Distributor understands the challenges of convenience store ownership, which is why it provides products at remarkably low prices, including cigarettes at wholesale rates, making them an excellent choice for owners citywide.

4) Create a Layout

While stocking the store, pay special attention to your layout plan. Where items are placed is an important part of how they sell. Find the right layout that makes the most out of your particular space, and be prepared to experiment with different designs. Part of successful store ownership is being able to remain flexible. As you find the layout that's right for your store, rely on a trusted provider like LA Top Distributor to stay ahead of marketing trends, and get you the C store supplies you need. For further information on LA Top Distributor, visit their web site at www.c-store-wholesale.com, or call 213-624-7224.

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SOURCE LA Top Distributor

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