How Much Can a Corner Shop Make?
Discussion
There's a corner shop not far from me. Looks exactly like it did 25 years ago. From what I can estimate, it's a husband and wife effort. This old school newsagent sells nothing more than cards, cigarettes, confectionery, drinks, lottery tickets, magazines and newspapers.
On the odd occasion I've popped in for a packet of chewing gum, or cold drink on a hot day and whilst it appears 'looked after', it's very old and un-cleanable, as in, it's hard to tell what colour the carpet used to be (and it has that old pub mustiness about it). I'm sure some of the classifieds in the window still have 01 numbers on them!
Idle musings. How many times the owner have to open and close the till in order to declare a good days takings? Out of that, how much are they retaining? Is it sustainable more because they own the building and probably rent out the rooms upstairs? It just doesn't strike me as being a viable business in this day and age. My dad used to own a convenience store in the eighties and on a good day the till would have around £80.00 takings in it; on a bad day, £50.00.
I often think the same about take-out delivery drivers. You see these motorcycle riders gathered outside of all the burger chains, popular restaurants etc. Many of the delivery fees are free, and some are around two quid. How many deliveries does a rider have to make before declaring a good days earnings?
Uber drivers in the beginning were raking it in but more drivers, more demand; higher rental costs etc and now it isn't so easy to earn big numbers (although some I believe still are).
On the odd occasion I've popped in for a packet of chewing gum, or cold drink on a hot day and whilst it appears 'looked after', it's very old and un-cleanable, as in, it's hard to tell what colour the carpet used to be (and it has that old pub mustiness about it). I'm sure some of the classifieds in the window still have 01 numbers on them!
Idle musings. How many times the owner have to open and close the till in order to declare a good days takings? Out of that, how much are they retaining? Is it sustainable more because they own the building and probably rent out the rooms upstairs? It just doesn't strike me as being a viable business in this day and age. My dad used to own a convenience store in the eighties and on a good day the till would have around £80.00 takings in it; on a bad day, £50.00.
I often think the same about take-out delivery drivers. You see these motorcycle riders gathered outside of all the burger chains, popular restaurants etc. Many of the delivery fees are free, and some are around two quid. How many deliveries does a rider have to make before declaring a good days earnings?
Uber drivers in the beginning were raking it in but more drivers, more demand; higher rental costs etc and now it isn't so easy to earn big numbers (although some I believe still are).
Judging by the amount of cans of energy drink flying off the shelf in my local shop, a fair bit.
On a decent weekend weather wise, judging by the amount of beer being shifted, i'd say a crap load.
With regards to th energy drinks, the relentless is a quid a can, they re stock that twice a day - 20 cans at a time.
Monster is next most popular, at from £1.55 to £1.75 a can and they probably re stock once a day at say 40 cans with the various flavours.
The Red Bull Fridge i've never seen them re stock but they must do as it's always full even when i've seen people go out with a crate of the stuff and that is anywhere from £1.55 to £2.50 a can and probably holds 40 cans, so i reckon re fill once a day.
That's just energy drinks, Coca Cola and Pepsi flies out the door and Coke alone is anywhere from £1.20 for Zero to £1.65 for full fat and Pepsi is around the same sort of price.
Never mind booze, rolls, crisps, chocolates, newspapers, dog food, general food plus the Lotto and they have to re fill the scratchcard thing twice a day. and they vary in price from £2 a pop up to a £5 a go. When i used to live above a shop, one particular miserable prick would come in and buy about £30 worth every day and if he got a winner, back in he'd go for more. If he didn't get a winner he'd p
s off to another shop and try his luck. The family that owned the shop i lived above at the time, own about 6 shops in the town at various locaitons, he visits each one every day. If he spends £30 in each one.....
On a decent weekend weather wise, judging by the amount of beer being shifted, i'd say a crap load.
With regards to th energy drinks, the relentless is a quid a can, they re stock that twice a day - 20 cans at a time.
Monster is next most popular, at from £1.55 to £1.75 a can and they probably re stock once a day at say 40 cans with the various flavours.
The Red Bull Fridge i've never seen them re stock but they must do as it's always full even when i've seen people go out with a crate of the stuff and that is anywhere from £1.55 to £2.50 a can and probably holds 40 cans, so i reckon re fill once a day.
That's just energy drinks, Coca Cola and Pepsi flies out the door and Coke alone is anywhere from £1.20 for Zero to £1.65 for full fat and Pepsi is around the same sort of price.
Never mind booze, rolls, crisps, chocolates, newspapers, dog food, general food plus the Lotto and they have to re fill the scratchcard thing twice a day. and they vary in price from £2 a pop up to a £5 a go. When i used to live above a shop, one particular miserable prick would come in and buy about £30 worth every day and if he got a winner, back in he'd go for more. If he didn't get a winner he'd p
s off to another shop and try his luck. The family that owned the shop i lived above at the time, own about 6 shops in the town at various locaitons, he visits each one every day. If he spends £30 in each one.....Often wondered this myself.
Little place near me, shopkeeper spends more of her time standing outside the shop smoking than she does serving people.
surely they cant be making a decent living on the probably 20-30 people that might visit the shop daily?
sell a few bottles of milk - probably 15p profit per bottle?
bread 20p per loaf?
you'd have to be selling stock by the hundreds to make a decent profit?
Little place near me, shopkeeper spends more of her time standing outside the shop smoking than she does serving people.
surely they cant be making a decent living on the probably 20-30 people that might visit the shop daily?
sell a few bottles of milk - probably 15p profit per bottle?
bread 20p per loaf?
you'd have to be selling stock by the hundreds to make a decent profit?
slopes said:
Never mind booze, rolls, crisps, chocolates, newspapers, dog food, general food plus the Lotto and they have to re fill the scratchcard thing twice a day. and they vary in price from £2 a pop up to a £5 a go. When i used to live above a shop, one particular miserable prick would come in and buy about £30 worth every day and if he got a winner, back in he'd go for more. If he didn't get a winner he'd ps off to another shop and try his luck. The family that owned the shop i lived above at the time, own about 6 shops in the town at various locaitons, he visits each one every day. If he spends £30 in each one.....
Surely the shop just gets a small percentage of any sale (plus a small bonus for any winning card redeemed)? And the remainder of the revenue for the card purchase goes to the scratch card provider? I can't see it being the big earner I think you're implying (I may have read your post incorrectly though).s off to another shop and try his luck. The family that owned the shop i lived above at the time, own about 6 shops in the town at various locaitons, he visits each one every day. If he spends £30 in each one.....iphonedyou said:
slopes said:
Never mind booze, rolls, crisps, chocolates, newspapers, dog food, general food plus the Lotto and they have to re fill the scratchcard thing twice a day. and they vary in price from £2 a pop up to a £5 a go. When i used to live above a shop, one particular miserable prick would come in and buy about £30 worth every day and if he got a winner, back in he'd go for more. If he didn't get a winner he'd ps off to another shop and try his luck. The family that owned the shop i lived above at the time, own about 6 shops in the town at various locaitons, he visits each one every day. If he spends £30 in each one.....
Surely the shop just gets a small percentage of any sale (plus a small bonus for any winning card redeemed)? And the remainder of the revenue for the card purchase goes to the scratch card provider? I can't see it being the big earner I think you're implying (I may have read your post incorrectly though).s off to another shop and try his luck. The family that owned the shop i lived above at the time, own about 6 shops in the town at various locaitons, he visits each one every day. If he spends £30 in each one.....I have wondered the same when it comes to these little tucked away shops.
I stopped in at a shop in Somerset on holiday, was headed up to Exmoor. I walked into a shop to be greeted by no one, the shelves had little on them but there was a small selection of cold drinks. A chap appeared after a couple of minutes but certainly wasn't in a rush.
Honestly can't see how they'd make much on a daily basis but then the bloke could be running his Onlyfans in the back ground haha.
By contrast, there was a news agents round the corner from my old house on a little parade of shops, near a bus stop used by the secondary school kids. He had a vast array of drinks and sweets, I'd imagine they made a killing on those alone.
I stopped in at a shop in Somerset on holiday, was headed up to Exmoor. I walked into a shop to be greeted by no one, the shelves had little on them but there was a small selection of cold drinks. A chap appeared after a couple of minutes but certainly wasn't in a rush.
Honestly can't see how they'd make much on a daily basis but then the bloke could be running his Onlyfans in the back ground haha.
By contrast, there was a news agents round the corner from my old house on a little parade of shops, near a bus stop used by the secondary school kids. He had a vast array of drinks and sweets, I'd imagine they made a killing on those alone.
Going by the AMG Merc the guy down the road has it must somehow make a decent living. I think he has a few corner shops.
When I used to work at one 20+ years ago there was a fair bit going through the tills. There was the alcoholic spending £20 a day on cider, the guy spending £300 a week on scratch cards, kids used to spend a lot on sweets after school, the little old ladies doing their weekly shop and loads popping in for a pint of milk or bottle of wine. It all adds up and you tend to be open 7am - 10pm 7 days a week.
When I used to work at one 20+ years ago there was a fair bit going through the tills. There was the alcoholic spending £20 a day on cider, the guy spending £300 a week on scratch cards, kids used to spend a lot on sweets after school, the little old ladies doing their weekly shop and loads popping in for a pint of milk or bottle of wine. It all adds up and you tend to be open 7am - 10pm 7 days a week.
Example of one for sale here
https://www.nationwidebusinesses.co.uk/businessesf...
"WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 30% approx.
WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:
NATIONAL LOTTERY £80 per week approx.
OYSTER £50 per week approx.
PAY POINT £10 per week approx.
https://www.nationwidebusinesses.co.uk/businessesf...
"WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 30% approx.
WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:
NATIONAL LOTTERY £80 per week approx.
OYSTER £50 per week approx.
PAY POINT £10 per week approx.
Rebew said:
iphonedyou said:
slopes said:
Never mind booze, rolls, crisps, chocolates, newspapers, dog food, general food plus the Lotto and they have to re fill the scratchcard thing twice a day. and they vary in price from £2 a pop up to a £5 a go. When i used to live above a shop, one particular miserable prick would come in and buy about £30 worth every day and if he got a winner, back in he'd go for more. If he didn't get a winner he'd ps off to another shop and try his luck. The family that owned the shop i lived above at the time, own about 6 shops in the town at various locaitons, he visits each one every day. If he spends £30 in each one.....
Surely the shop just gets a small percentage of any sale (plus a small bonus for any winning card redeemed)? And the remainder of the revenue for the card purchase goes to the scratch card provider? I can't see it being the big earner I think you're implying (I may have read your post incorrectly though).s off to another shop and try his luck. The family that owned the shop i lived above at the time, own about 6 shops in the town at various locaitons, he visits each one every day. If he spends £30 in each one.....I knew a spar shop owner and his turnover was pretty high but he had to live off credit cards as in his own words “he was just a busy fool” very little profit. The post office paid a set “wage” to be there.
If you believe the TV programs it is a case of how much can you make under the counter.
My local shop is a beggar for giving the wrong change, there is always a queue for the till and if you pay with cash you are at risk, hand over a £20 note, they give you change for £10, if you notice they make a fuss, they always round up the cost, buy something for £1.51, hand over a £2 coin and you receive 40p change, Again if you challenge the amount you hear 'most people aren't bothered,' People have said to him, 'well okay then, round it down'
A relative had a tiny shop in Newcastle with a lottery facility. When the Lottery was at its peak it was worth £80000 to him
My local shop is a beggar for giving the wrong change, there is always a queue for the till and if you pay with cash you are at risk, hand over a £20 note, they give you change for £10, if you notice they make a fuss, they always round up the cost, buy something for £1.51, hand over a £2 coin and you receive 40p change, Again if you challenge the amount you hear 'most people aren't bothered,' People have said to him, 'well okay then, round it down'
A relative had a tiny shop in Newcastle with a lottery facility. When the Lottery was at its peak it was worth £80000 to him
balham123 said:
Example of one for sale here
https://www.nationwidebusinesses.co.uk/businessesf...
"WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 30% approx.
WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:
NATIONAL LOTTERY £80 per week approx.
OYSTER £50 per week approx.
PAY POINT £10 per week approx.
So all in call it £2250 per week X 52 = 117k per year. https://www.nationwidebusinesses.co.uk/businessesf...
"WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 30% approx.
WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:
NATIONAL LOTTERY £80 per week approx.
OYSTER £50 per week approx.
PAY POINT £10 per week approx.
I wonder what else comes out of that gross profit though before the owner can realistically call it take home
I think it's the booze sales that makes the difference.
I'm going back a fair few years but the chap who used to run our village shop lost his licence to sell alcohol as he was caught selling it to under age kids a couple of times. Without that license, he couldn't make the shop pay and sold up. We're not talking an extensive range and was the sort place you'd nip to on Sunday lunch to grab a bootle red for the gravy.
Also, a lot of them are aligned to a larger chain such as Happy Shopper which is essentially a distribution company. But the economies of scale likely makes the margins on the produce they sell much higher than would be the case otherwise.
I'm going back a fair few years but the chap who used to run our village shop lost his licence to sell alcohol as he was caught selling it to under age kids a couple of times. Without that license, he couldn't make the shop pay and sold up. We're not talking an extensive range and was the sort place you'd nip to on Sunday lunch to grab a bootle red for the gravy.
Also, a lot of them are aligned to a larger chain such as Happy Shopper which is essentially a distribution company. But the economies of scale likely makes the margins on the produce they sell much higher than would be the case otherwise.
Rebew said:
iphonedyou said:
slopes said:
Never mind booze, rolls, crisps, chocolates, newspapers, dog food, general food plus the Lotto and they have to re fill the scratchcard thing twice a day. and they vary in price from £2 a pop up to a £5 a go. When i used to live above a shop, one particular miserable prick would come in and buy about £30 worth every day and if he got a winner, back in he'd go for more. If he didn't get a winner he'd ps off to another shop and try his luck. The family that owned the shop i lived above at the time, own about 6 shops in the town at various locaitons, he visits each one every day. If he spends £30 in each one.....
Surely the shop just gets a small percentage of any sale (plus a small bonus for any winning card redeemed)? And the remainder of the revenue for the card purchase goes to the scratch card provider? I can't see it being the big earner I think you're implying (I may have read your post incorrectly though).s off to another shop and try his luck. The family that owned the shop i lived above at the time, own about 6 shops in the town at various locaitons, he visits each one every day. If he spends £30 in each one.....But this particular shop makes it's money on soft drinks, booze, rolls, crisps and other associated grocery bits. I've been in there in the morning when builders are going in there and if there is say 3 builders, they'll all buy at least 2 cans of energy drink each plus 2 or 3 rolls at £1.85 a time - sorry these are filled rolls - plus cigarettes or vapes and the vapes are about £5 each.
When the world cup was on and England were playing, there were taking a sprinter sized van to the cash and carry or suppliers to load of with booze and coke/pepsi every day and they filled this van almost to the top every day.
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