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Feasibility study for a supermarket in Saudi Arabia

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24 Sep 2021

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Feasibility study for a supermarket in Saudi Arabia

A supermarket feasibility study in Saudi Arabia, there are many people who do not have qualifications and want to work in any job or create any project in order to be a source of income for them, as many have decided to establish and implement a supermarket project to work with instead of any other stressful job that does not come With sufficient profit in addition to the fact that it does not require higher qualifications, so we will talk about the feasibility study of a supermarket project and what it needs of licenses and capital and determine the percentage of profits and revenues.

 

Feasibility study of a supermarket in Saudi Arabia

What distinguishes the feasibility studies is their discovery of everything the project needs, in addition to its study of many factors, which determine the material return and losses that may be exposed, and this is through the work of a feasibility study for risks.

The feasibility study works on determining the geographical location, studying the environment, the number of hours and wages through the technical study, the market study, and the economic study. The feasibility study depends on these studies that work to clarify whether the project is good or not.

When you study a supermarket project, you have to choose a lively place full of people and provide the products they need in their homes, such as food, drink, cleaning tools, etc., make sure that your choice of the size of the supermarket is appropriate for the place in which it will be implemented.

For example, if the project will be implemented within a city full of residents in addition to it being high-end, you have to choose a large area, allowing you to provide many things that this city buys, and reflecting the roles if the project will be implemented within a small and popular village.

The feasibility study shows you the supermarket management system, the equipment that if you buy it you must license it, in addition to determining the amount of taxes each year or for certain months.

As for the implementation of the feasibility study of a supermarket, you can carry it out on your own, or by resorting to a distinguished company in this field, and one of the most wonderful companies that have an example in the field of carrying out feasibility studies is the technology company.

The Technology Company is considered the most company that everyone praised for its professional performance in carrying out adequate feasibility studies for various projects, in addition to providing administrative and economic advice to the project owner so that he acquires sufficient experience in the field in which he works.

 

Executive summary for the establishment of a supermarket project

At the outset, we will provide you with an explanation of simplified terms and some important points that must be taken into account and provided when establishing or developing a supermarket, especially if the supermarket will be implemented on a large area and include a lot of goods. These points are as follows:

It is better that you take a logo or a name for your supermarket, and obtain a license from the environment to be able to bring electric meters and other things such as serving meat.
It is better to come with a refrigerator and at least a refrigerator in order to put meat, cheese, dairy products and food commodities that must be placed at a certain temperature.
Putting surveillance cameras everywhere and in all directions in order to monitor those who abandon the rules, including workers and customers, or anyone who steals, with setting alarms.
Employing a number of workers to work in the supermarket, following up on customers and meeting their requests one by one, so that the number does not increase, which leads to crowding and delaying the customer.
Determine a place for the cashier to be parked for supermarket visitors to go to to pay the value of their purchase bill.

Reasons for losing the supermarket
The causes vary and vary, but the loss is the same. When the supermarket suffers a loss, it is not fatal to me in emergency cases, such as severe accidents, fires, theft, and so on, but there are other causes that are less in loss, such as:

Building a supermarket next to another supermarket with the same products available at high prices, as you certainly cannot collect a number of customers, even if a small number.
Providing large quantities of goods that are of no importance to the village and its residents, which leads to their survival until the expiration of their validity period.
The lack of good arrangement of food packages and products, so that no one buys them and they spoil, as this is due to their shape, uncleanness, or their acquisition of odors from perfumes and cleaning products such as soap and others.
The presence of the supermarket in places that are devoid of residents or places where the percentage of the population is small, as we know that the supermarket needs places that are densely populated.
Providing products of inferior and non-distinguished types, or producing products that need refrigerators with no refrigerator or refrigerator, you may lose in this experience a great loss, and this depends on the quantity of the commodity.

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Technical Economic Consulting Company was established in 2012, it was established by a team of investment professionals to become one of the leading investment companies to provide the best management consulting services to local international companies and institutions. Since its inception, the company has continuously expanded to become one of the largest leading consulting firms in the region through its branches located in the Arab world as well as representative offices in Europe.

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