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Supermarket feasibility study

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17 Aug 2021

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Supermarket feasibility study

A supermarket feasibility study, a supermarket project is one of the most profitable commercial projects that can be implemented in any residential place where there are people, as it provides all the consumer goods that each individual needs on a daily basis, so the percentage of profits for this project is guaranteed and assured as long as the goods are attractive and available and prices Suitable and there are many customers.

 

Supermarket feasibility study

This project is the best choice that any beginner in the world of commerce and projects and certificate holders can turn to, but if you want to implement such a project, you should not rush and start implementing it immediately.

Rather, you should wait a little and understand that the secret of success lies in good planning and knowledge of all the requirements of a project like this, and even defining a feasibility study for the supermarket project, because like any other project, it must do a feasibility study.

The feasibility study is the cornerstone on which the project is built, and its implementation can only be started through it.

This is due to what the feasibility study includes of all the data and information related to all aspects of the project, then it is studied in a detailed analytical study, to know and determine what the project needs in terms of supplies or machines and to know the necessary costs.

In addition to knowing the extent of the public’s need for such a project, this all affects it, whether negatively or positively, and the percentage of profits that it derives from its implementation as well.

You can do and implement the feasibility study on your own, but you may miss some important points to ensure its success, which negatively affects your project and does not bring you the expected profit.

Or the use of companies specialized in the field of feasibility studies, and preferably if the distinguished technology company in this field, as it has a long experience in completing feasibility studies for various projects, in addition to developing alternative solutions and proposals in case the project collapses and suffers loss.

The Technology Company provides a lot of other electronic services that any project owner needs to achieve the largest possible success rate for him. It also provides all administrative and economic consultations for major institutions, factories and various sectors.

 

Conditions for opening a supermarket

When you start implementing the order, you have to determine the costs that you will rely on in creating your supermarket, and then think about determining the location and space of the market based on those costs.

For a project like this, it is recommended to have a place with a high population density to ensure that the highest sales percentage is achieved on a daily basis. For example, he can choose the main streets, car parks, trains, or any place where there is large traffic.

We also advise you to choose the shop in a place where there are no projects to establish a market or other mini-market. It is preferable that the area in which it will be established is thirsty for the availability of a successful supermarket.

But if you implement the market project in an area where there is more than one supermarket, know very well that everyone will sell because the prices of goods and products are fixed, and the customers are many and no one is interested in buying from a particular place as long as the prices are uniform.

But you can double the area by more than 50 meters from another market if you want to own a successful and large market. It is known that every novice in commerce definitely needs a license from the Ministry of Health and Supply, in addition to the commercial register and tax card to run the business.

After completing the licenses and actually implementing your project, you must know some tips in order to be the owner of a distinguished and successful supermarket, which are:

Always maintain the availability of all kinds of goods and products.
Allocate a phone number to receive any suggestions or complaints in order to satisfy customers.
Setting dates for opening and closing the supermarket and informing customers of it.
Conducting competitions to entice the customer to buy from the store, in addition to making discounts or competitive offers to attract the largest possible number of people to buy.
It is necessary to choose and make a good decoration for the project to draw attention, and it is preferable to put a certain name on the front of the store.

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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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