The cost to build a grocery store varies widely, depending on the size and location of the store, as well as the type of store. In general, building costs for a grocery store range from $20 per square foot for a small convenience store to more than $100 per square foot for larger stores that sell a wide range of products.
In addition to building costs, you’ll need to consider other expenses related to starting a grocery business such as legal fees, insurance and equipment leases.
Here’s an overview of what goes into calculating the cost to build a grocery store:
Site selection/acquisition and design – You’ll need to find an appropriate location for your business and then hire an architect or designer who can create drawings based on your specifications. These drawings will include floor plans showing where everything will be located in the store as well as elevations (side view) showing how the building will look from the outside. Once your plans are complete, you’ll submit them to local authorities for approval before breaking ground on construction.
Liquor license – If you want to sell alcohol in your store, you’ll need special permission from state or local authorities that allow this type of business activity in their jurisdiction. This is called getting.
Cost to build a grocery store
The cost of building a new grocery store ranges from $1 million to $5 million for a small store and up to $50 million for a large supermarket. The cost of operating a grocery store depends on the size of the store, type of food sold, location and number of employees.
Costs to Build a Small Grocery Store
The cost to build a small grocery store includes construction materials like drywall, concrete blocks and metal studs. Building permits, architectural fees and basic labor costs are also included in these costs. The cost to build a small grocery store averages $1 million to $5 million depending on size and location. For example, it costs about $2,200 per square foot to build a small grocery store in Phoenix compared with $10 per square foot in New York City.
Costs to Build Supermarkets
Supermarket construction costs vary by state because they take into account property taxes and wages paid by local governments. For example, it costs about $2 million to build a supermarket in California compared with only $600,000 in North Carolina because California has higher wages and property taxes than North Carolina does. The average supermarket costs approximately $20 million but can vary widely depending on location and size of the building