KIRANA STORE PROJECT REPORT

Grocery business is the only business that one can start almost anywhere since food is essential for survival of human beings and selling food items is the most profitable business of all time. Grocery shopping is the largest and most consistent share of the expenses for every household. Groceries sell irrespective of the state of the economy. The recent corona-virus outbreak has led to lockdowns world-wide and many businesses suffered due to this pandemic. Even in such emergency situation, the only businesses which have risen to the occasion are the neighbourhood grocery stores. Grocery is one of the most essential needs of people and therefore it has continued despite lockdown. The McKinsey report says that groceries purchased from grocery stores during the lockdown has gone up by 53 per cent. The report says that even after the pandemic subsides there will be a 48 per cent growth in consumers buying grocery to cook at home. 

Everybody likes to shop from a new age vibrant grocery stores with products stacked neatly, with clear price tags and salesperson quick enough to help the customers out right from picking the shopping basket to the payment counter. Off late, the organised retailing strategies brought in a revolutionary change in the entire grocery retail scenario. In the modern grocery retail stores, the customers do not have to push around the counter for space. Rather they are allowed to go through a wide array of products stacked category-wise, pick them up, feel them, compare the feel and price for making purchase decision in an air-conditioned ambience.

India has over a billion mouths to feed and this means that grocery food businesses has less or no chance of having a bad time because unlike everything else, people will not stop eating. People in India are ready to pay for convenience and spend on commodities they need on a regular basis. With such huge population and booming economy, opportunities are plenty in grocery store business. But all one need to do is proper planning, thoughtful selection of the inventory stock, business insurance, invest in better infrastructure, improvise on technology and provide better customer service to soar in new business. The investment to start a Grocery Store by no means is small but backed by guaranteed returns and a steady growth rate is an opportunity which will always bear results.

A Project Report is not only essential for obtaining financial assistance from Bank/ Financial Institution/Funding Agency but also the most important document either to participate in the development schemes of MSME Sector/ Department of Industries or in completing various time consuming government formalities connected with planning and commercial operation of the proposed business project.

This Detail Project Report (DPR)/ Business Plan has been developed in a well-structured PDF Format (Easy to Download, Convert into MS WORD through www.pdftoword.com, Edit for Personalised Customisation and Finally Printing the Report) to be presented as a Ready Project Proposal immediately thereby saving precious time of the promoter in the process of completing requisite formalities in anticipation of setting up the business project. Accordingly, following Project Templates has been deliberately left blank in order to facilitate customisation by the perspective entrepreneurs based on personal requirements and furnish necessary information on actual basis.

§ Project at a Glance                                 :             To be Filled Up as per Personal Requirements.

[Total Capital Expenditure, Working Capital, Estimated Cost of the Project, Amount of Bank Loan, Amount of Equity Capital and Amount of applicable Margin Money Subsidy – (Urban/Rural /General Category/ Special Category)].

§ General Information and Location       :             To be Furnished in the Blank Space.

[Name of the Unit/Firm, Address of the Proposed Project Location, Size of the Space Available and Occupancy under Ownership/Lease Agreement].

§ Promoter’s Background                        :             To be Furnished in the Blank Space.

[Name of the Promoter, Age, Communication Address, Educational Qualification, Work Experience and Special Training Attended, if Any].

The Project Report/ Business Plan so presented include all the important aspects containing the following details;

CONTENTS

1. Highlights of the Project
2. Project Introduction
3. The Project Proposal
4. The Products
5. Prospect for Investment
6. Potential Target Customers/Market
7. Marketing Strategy
8. Critical Success Factors
9. Process Details and Technical Solutions
10. Quality and Standards
11. Installed and Operational Capacity
12. Raw Materials and Consumables
13. Power and Utility
14. Tentative Implementation Schedule
15. Basis & Presumptions
16. Capital Investment Estimates with Detail Project Economics
17. Computation of Working Capital Requirement
18. Estimated Total Project Investment
19. Proposed Means of Project Financing
20. Estimated Annual Sales Turnover
21. Projected Profitability Statement
22. Calculation of Interest Amount
23. Depreciation Schedule
24. Term Loan Repayment Schedule
25. Debt Service Coverage Ratio
26. Break-Even Analysis
27. Projected Cash Flow Statement
28. Projected Balance Sheet
29. Internal Rate Return
30. Pay Back Period

The presentation also supplements with important facts and useful information covering the areas as indicated below;

1. Statutory Permits and Business Licenses Required for Grocery Store Business
2. Important Steps to Start Grocery Store Business
3. Tips to Identify Suitable Location for Grocery Store Business
4. Photographs of Major Furniture’s, Fixtures &Equipment’s Required
5. Contact Details of Furniture’s, Fixtures &Equipment’s Suppliers and
6. Contact Details of Professional Consultants.

LIST OF ENCLOSURES

ENCLOSURE-1: SALIENT FEATURES OF MUDRA LOAN SCHEME, MINISTRY OF MSME, GOVT. OF INDIA.

ENCLOSURE-2: FAQ ON MUDRA LOAN SCHEME.

ENCLOSURE-3: BRIEF ABOUT PSB LOANS IN 59 MINUTES SCHEME.

ENCLOSURE-4: FAQ ON PSB LOANS IN 59 MINUTES SCHEME.

Thus the information provided would help in identifying in advance the infrastructure/resources required for the Project and approach the concerned government agencies accordingly. Hence, it becomes a complete document for further action towards realising the dream of becoming an entrepreneur.