10 Best Grocery Store Franchise Opportunities 2024

Grocery store franchise is one of the most popular and highly profitable business models, and we can easily understand why?

The population is rapidly increasing, and we all need food to survive, which means grocery store chains are not going away anytime soon. 

Franchises of grocery shops are chains of small stores that sell food, snacks, and other household goods and essentials.

Grocery store franchises focus more on the convince rather than selling expensive and imported foodstuff. 

The rising number of people prefer to shop from small shops or small supermarkets to supermarkets. This tendency means that investing in franchise grocery stores would be a

An entrepreneur can easily open either a small grocery store at an affordable cost or a big one with a gas station.

Depending on the budget, size, diversity of products, and concept, grocery store franchise opportunities are endless.

Best Grocery Store Franchise
Best Grocery Store Franchise

If you are thinking about getting into the grocery store franchise business, we have compiled a list of the 10 best grocery store franchise opportunities that are looking for new franchises with a willingness to expand the brand recognition and promise a fast return on Investment, marketing, merchandise, and constant support in starting and doing the business. 

Let’s get started!

Interested In Grocery Store Franchise?

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10 Best Grocery Store Franchise Opportunities

1. Street Corner Franchise

Street Corner Franchise
Founded in1988
Franchising Since1995
Estimated Outlets36
Franchise Fees$30,000
Initial Investment$122,300 – $657,300
Liquidity$50,000
Royalty Fees5%

The Street Corner is one of the best grocery store franchise options for beginners to build their own businesses at an affordable cost.

Chain’s urban market concept is what makes it different from traditional convenience stores. 

Found in 1988, it comes with all the benefits of being your boss, plus you’ll get hands-on training, vendors and assistance, and all the support you need to run and grow your franchise.

Street Corner has outlets in all the high-traffic areas all over the U.S., including famous shopping malls, college campuses, hospitals, and office buildings, making it a worthy option to be part of the fastest-growing grocery store chain industry. 


2. Circle K Franchise

Circle K Franchise

Founded in1951
Franchising Since1999
Estimated Outlets12,095
Franchise Fees$25,000
Initial Investment$189,250 – $2,204,150
Liquidity$100,000
Total Investment$189,250-$2,204,150
Royalty Fees2.5-5.5%

Founded more than 50 years ago, Circle has been one of the largest convenience store chains in the U.S., owned and operated by Canadian multinational company Alimentation Couche-Tard. Circle K also has $2,380 additional stores worldwide under the franchise agreement

On-the-go customers can find everything they need at Circle stores, including beverages, coffee, frozen and refrigerated foods, dry and packaged goods, and other groceries.

Circle K franchise offers business executives and entrepreneurs the opportunity to work with a franchisee that helps grow new businesses and provides the flexibility to tailor individual stores to the customers.


3. GNC Franchising 

GNC Franchise
GNC Franchise
Founded in1935
Franchising Since1988
Estimated Outlets6,019
Franchise Fees$40,000
Initial Investment$149,722 – $388,630
Liquidity$240,000
Royalty Fees6%

GNC Franchising is a global company that specializes in a variety of food supplements, health management items, and natural cosmetics.

GNC was founded in Pittsburgh in 1935 by David Shakarian by the name Lackzoom, and since then, it’s been the standard for health and wellness solutions. 

As more and more people are getting interested in a healthy lifestyle and better nutrition, GNC expanded into other states and changed the company’s name to GNC.

GNC offers in-house financing for the franchisees and also has third-party sources that offer financing to cover the franchise fee, startup costs, inventory, equipment, and payroll. 


4. Save A Lot Franchise

Save A Lot Franchise

Founded in1977
Franchising Since1978
Estimated Outlets1,150
Franchise FeesNone
Initial Investment$750,000 – $1,500,000
Liquidity$300,000
Royalty FeesNone

Customers love how easy it is to find the groceries they need at Save A Lot of stores, Whether it’s USDA-inspected meat, farm-fresh fruit, pantry staples, cleaning supplies, or other everyday necessities.

Exclusive, award-winning brands and low prices, which do not include anywhere else, are also appreciated.

By purchasing one of the Save A Lot grocery store franchises, the franchisee receives many benefits.

First, our team of real estate experts assists partners in site selection and real-estate negotiations.

Another advantage is a continuous assortment and exclusive distribution that helps to compete in tough market conditions.

And finally, ongoing support from a dedicated franchise team starts with introductions and ends with accounting services.


5. 7-Eleven Franchise

7-Eleven

Founded in1927
Franchising Since1964
Estimated Outlets77,346
Franchise Fees$0-$1,000,000
Initial Investment$69,650 – $1,233,900
Liquidity$50,000
Royalty Fees50% gross profit

7-Eleven, headquartered in Dallas, Texas, is an international convenience store company in the United States. The franchise’s first location was an ice cream parlor in Dallas, established in 1927.

7-Eleven gained widespread popularity when their stores were open 24 hours, seven days a week. A week, year-round. They offer a variety of snacks, hot and cold drinks, petrol, etc.

If you’re serious about franchising, you can take advantage of 7‑Eleven programs to help qualified franchisees succeed.

7‑Eleven has an in-house program that offers a grant of up to 65% of your initial franchise fee.

The program, unusual for most franchisors, also provides an opening (or financing) account to purchase inventory and operating expenses for your store.

Read our full article on how much profit you can earn as a franchise owner of a 7-Eleven Franchise.


6. Grocery Outlet Franchise

Grocery Outlet Franchise

Founded in1946
Franchising Since1973
Estimated Outlets325
Franchise FeesNone
Initial Investment$150,000 – $250,000
Liquidity$25,000
Royalty FeesNone

Grocery Outlet is another great franchise option for opportunistic buyers in the United States.

The bargain grocery store chain offers up to 60% off on conventional grocery store retail prices allowing customers to save a lot of money on well-known brands. 

They invest significantly in each independent operator, allowing them to earn more than a typical grocery chain manager while saving them millions of dollars.

Investments are required to build or renovate retail stores and purchase inventory for their stores.

Independent operators manage their staff to operate the store, select consignments from the inventory guide, and sell merchandise to their customers.

Read our complete guide to get more informed about Grocery Outlet Franchise.


7. Gateway Newstands Franchise

Gateway Newstands Franchise

Founded in1983
Franchising Since1983
Estimated Outlets500
Franchise Fees$15,000 – $150,000
Initial Investment$55,875 – $501,750
Liquidity$50,000
Royalty Fees3.5%

Gateway newstands in the United States and Canada are a chain of grocery stores and kiosks located in large office buildings, shopping malls, public areas, and transit stations.

Michael Eichental and David Goldman founded the franchise in 1983 as a partnership of a Canadian family.

Gateway Newstands provides turnkey operation to individual franchisees at a location they cannot guarantee themselves.

Gateway has excellent relationships with potential owners that a typical franchisee cannot hope to achieve.

In addition, coordination in the construction of rental improvements is also provided to franchisees. This coordination is also a skill that franchisees often lack.


8. Express Mart Franchise

Express Mart Franchise

Founded in1975
Franchising Since1990
Estimated Outlets 47
Franchise Fees$15,000
Initial Investment$86,200 – $361,000
Liquidity$100,000
Royalty Fees6%

Founded in 1975 by Frank Borer, Express marts are a chain of convenience stores and gas stations owned by independent and contract dealers.

With locations in malls and gas stations in the northeastern United States, Express Mart is committed to providing high-quality products that meet or exceed equipment specifications and customer requirements. 

The company is also involved in co-branding partnerships with McDonald’s, Subway, Wendy’s Dunkin’ Donuts, as well as local partnerships with Mark’s Pizza and Jack Subs. 


9. Metal Supermarkets Franchise

Metal Supermarkets Franchise

Founded in1985
Franchising Since1987
Estimated Outlets105
Franchise Fees$39,500
Initial Investment$228,500 – $437,000
Liquidity$45,000
Royalty Fees2-6%

Metal Supermarket is a Canadian franchise that primarily focuses on selling small quantities of metal to the customer’s desired size.

Metal Supermarket is the largest franchise in the small-volume metal industry and the only one with international reach.

Metal Supermarkets is committed to providing business opportunities to business-minded franchisees.

Your investments in a franchise ensure that you will have the equipment, inventory, and marketing campaigns you need to secure sales from day one.

This head start is one of the many reasons why metal supermarkets are a solid investment opportunity.


10. Ice Born Franchise

Ice Born Franchise

Founded in2003
Franchising Since2012
Estimated Outlets179
Franchise Fees$7,000
Initial Investment$11,550 – $242,845
Liquidity $25,000-$75,000
Royalty Fees6%

Ice Born started franchising in 2012, but the parent company, Ice House America, has been manufacturing and operating automated ice and water vending machines since 2003.

Their ice and water vending machines come in different sizes and are often placed in the yard, parking, and shopping malls.

As of 2022, the company owns and operates 66 franchises in the United States.

The company’s Smart Ice app allows franchisees to monitor their machines remotely from a smartphone or computer. 


Comparison of Top 5 Grocery Store Franchises

Company NameStreet CornerCircle KGNCSave A Lot7-Eleven
Founded in19881951193519771927
Outlets3612,0956019115077,346
Initial Investment$122,300 – $657,300$189,250 – $2,204,150$149,722 – $388,630$750,000 – $1,500,000$69,650 – $1,233,900
Franchise Fees$30,000$25,000$40,000None$0-$1,000,000
Royalty Fees5%2.5-5.5%6%None50% gross profit

Is Grocery Chain Franchise Right For You?

If you are not sure about whether a grocery chain franchise is right for you or not, then you should ask yourself these questions:

What are my personal goals?

Before investing in a grocery chain franchise, you must identify what your personal goals are.

Do you want to become rich? Do you want to have a passive source of income? Or do you want to spend more time at home?

Answering these questions will help you determine if a grocery chain franchise is right for you or not.

What kind of role do I want to play in the business?

There are ideally two kinds of franchise ownership that you can choose from. Either absentee ownership or full-time ownership option.

Not a lot of grocery chain franchises offer absentee ownership, so if you do not find a relevant match, you can consider another industry.

However, if you are okay with working full-time in your business, then a grocery chain franchise might be good for you.

What is my investment range?

Investing in a franchise means incurring many expenses, such as initial franchise fees, ongoing fees, marketing, and royalty fees.

And the hefty initial investment cost is always there. So you must look at all the fees of your grocery chain franchise and then find out if your investment budget matches the same or not.


How To Choose A Grocery Chain Franchise Franchise?

If you are having difficulty in choosing the right grocery chain franchise, then here are some key points to consider:

Choose a good brand

While choosing a grocery store franchise, make sure you look for a brand that has a good reputation in the market.

You should also see if the brand update and stock its products to meet the changing customer preferences or not.

A brand with no innovation whatsoever will sooner or later struggle to survive.

See what’s the scope for growth

The grocery business sector is already a crowded one. So you might want to look for a company that is willing to offer territory protection to franchisors so that you do not have to worry about competition in the same locality.

Also, remember to ask the franchisor about the site selection process. What kind of spot do they prefer? Do they aid in lease negotiations? etc. This is important because the location is incredibly important in a grocery business.

Consider your investment budget

Grocery stores of all sizes and brands are available in the market, but you should choose the one that is at par with your investment budget.

Since a grocery store franchise costs $200,000 on average, you must also figure out how you are going to fund your business.

Do you have the money in your bank account? Or do you want to choose a franchise that offers an in-house financing option? Get clarity.


Conclusion 

At the end of the day, we can say that all the grocery store chain franchises mentioned above are worth buying. However, there’s a lot to consider when choosing the best one.

One of the most important things you should take into account includes the brand’s reputation, training, resources, and support they provide to franchisees and the revenue they generate per year. 

Besides, make sure to align your budget and investment requirements of the brands.

We have mentioned the minimum initial Investment and franchise fees of each brand to make it easy for you to decide which options work best for you. 


FAQ

How Much Does A Grocery Store Franchise Cost?

Depending on the size of the grocery store, Profitable Venture recommends a budget of up to $250,000 for a small independent grocery store, more than $300,000 for a medium-sized, and over $1 million for a large store. 

Is A Grocery Store Franchise Worth Investing In?

The scale of operation makes a grocery store franchise a lucrative business option.

By investing in an online grocery store franchise, you can grab more customers and earn more revenue. 

Is Grocery Store Franchise Profitable?

Grocery store franchise owners make between $60,000 to $300,000 or more, depending on the size and location of the store. So yes, grocey store franchises are profitable.

Overall, it’s all about economies of scale and brand reputation. 

What Is Grocery Store Franchise Profit Margin?

The profit margin for grocery store franchises lies between the range of 1-3%, and grocery store owners often complain about thin profit margins.

Which Is The Cheaptest Grocery Store Franchise?

Ice Born Franchise is one of the cheapest grocery store franchises, with initial investment starting at $11,550 and going up to $242,845.

Then comes Gateway Newstands Franchise, which starts from $55,875 and goes up to $501,750.

After this comes Express Mart Franchise, with investment starting at $86,200 and going up to $361,000.

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