Industry Analysis & Industry Trends
With competitive pressure from supermarkets and grocery stores remaining at a high rate, industry operators are differentiating themselves to maintain profitability. Demand for healthy foods from increasingly health-conscious consumers has caused organic and natural food specialty stores to thrive. As consumers' discretionary income increases, they are willing to spend more on industry products. Still, grocery stores have been increasingly offering specialty foods, which will continue to limit overall growth... purchase to read more
Industry Report - Starting a New Business Chapter
This industry has a low level of industry concentration due to the absence of major players in this market, which is also reflected in the high share of non employer firms. Lack of market dominance is likely to encourage new store retailers to enter this industry by creating an easier avenue to attract and maintain a market share.
Operators planning to enter this industry are not particularly constrained by the capital investment required to open a store, as the entry costs of a retail store are relatively cheaper than other industries. Depending on the type of franchise purchased, initial capital requirements will range from $75,000 to $300,000 or over. In addition to this, operators are also required to pay a royalty levy of about 5.0% and an advertising levy of about 1.0%... purchase to read more