Overview of Bodegas
A bodega is a small convenience store. Bodegas rely on lottery and cigarette sales. Startup costs for a bodega range from $10,000 to over $1 million. Most owners need financing to cover costs. Average gross profit margins are over $450,000. Deli items also make good money. Prepared food has 50% to 80% profit margins.
Community and Characteristics of Bodegas
Bodegas are known for community and character. The name comes from the Spanish for "storeroom" or "wine cellar". Locals know the owners and workers. Bodegas accept packages and keys for visitors. Bodega owners take assessments to upgrade inventory and efficiency. Workshops help food retailers operate effectively. Bodegas are concerned about being replaced by delivery.
Financial Aspects of Bodegas
Bodegas can make over $250,000 per year. Factors like fuel price affect profit. Grocery stores place highest margin items near the register. Staples go in the back. People will ask anyway.