When an entrepreneur enters a supermarket business and has growth opportunities, they try to expand but the obstacles that every new entrepreneur has to face are investment and a lack of guidance in this competitive market. Here 7Heven has proven the best option for those with its facilities like staff training, daily operations guidance and tech support. It helps in growing hundreds of supermarkets in different parts of India.
In this blog, we will discuss how you can open multiple supermarket franchises with ease and how 7Heven will help you in achieving your goals in the market.
Introduction: From One Store to a Supermarket Empire
Digital integration, standardized operations, and strong brand recall converted a modern supermarket business into a profitable store. The modern supermarket business is preferred by new entrepreneurs as it has potential to expand nationwide. An entrepreneur can make this dream come true with 7Heven, which is India’s tech-enabled supermarket franchise designed to help new and enthusiastic entrepreneurs.
With its technological , operational support and data-driven tools 7Heven is opening its franchise in many parts of India. Whether you have a setup franchise and want to expand your business or you are a new entrepreneur with less experience and want to start your new franchise and have a long-term plan , 7 Heaven will help you in dealing with all the stuff of the franchise.
Stage 1: Perfecting Your First Store
When you enter in the business and open your first 7Heven it’s becomes your learning lab where you learn the each and every aspects of the business. You will learn how all technologies work, what you should do and what doesn’t and how to get success in the long term.
7Heven’s smart POS system will help you to build strong customer connections and also provide training to the staff to deal with the customer that will increase the foot traffic in the store, and also helps you to keep your store clean and inviting. Also 7Heven’s real-time inventory tracking system helps you to reduce deadstock and out-of-stock situations in the store.
Understand local buying behavior and adjust your product mix. Use hyperlocal marketing strategies flyers, WhatsApp promos, local influencer tie-ups to create demand in the market. 7Heven provides marketing templates and guidance to help you get noticed quickly. 7Heven’s will help you in Initial setup and onboarding, provides training for staff, provides daily operations guidance, give Tech and troubleshooting support.
Read More : Building Customer Loyalty in Your Supermarket Franchise
Stage 2: Setting Up SOPs and Delegating
Once you free from the initial setup phase of the store then you have to make decisions regarding the smooth operations at the store. In this SOPs will help you that is a Standard Operating Procedures which refers to the processes that cover everything from opening procedures, customer service standards, inventory checks, to how returns are handled.
Setting up SOPs in your store will ensure consistency in the sale and customers visit while reducing the training time for new hires. It will eliminate the need of physical presence in the store every time as it can handle all tasks by minimizing the errors. That will ensure the smooth running of business.
Also delegating daily tasks to a store manager or senior staff member can help you to focus on other issues of the store like training the store team to manage, maintain staff attendance and shift planning while keeping the coordination with suppliers, and also handling customer complaints and feedback. This will give you more time to think strategically about expansion and growth of your franchise store.
Stage 3: Choosing the Next Best Location
More customers means more sales that directly increase the profit margin in the business where location of the store plays a big role. If a store is situated in an area where people spend more on day to day expenditure it will contribute to the growth of the business. If you analyse the best-selling products in the store and maintain the inventory it will increase the customer visit in the store. Understanding peak shopping hours, average basket size, footfall patterns can help you to become a successful businessman.Â
Choose a location that has high visibility & easy accessibility, more residential density & daily needs, low competition or unmet demand, has less distance from schools, offices and apartments as all these factors are responsible for the increased sales.
With 7Heven you can enjoy peace of mind as it assists franchisees with local area studies, level of competition in the market and provide support in finalizing rental cost. This will help your business to expand across the city or even in another town the passing time.
Must Read : Choose the Best Location for Your Supermarket Franchise
Stage 4: Leveraging Centralized Supply Chain & Marketing
Leveraging centralized supply chain and marketing can help you in expanding and managing two or more stores in your area. With 7Heven’s centralized systems you would get benefitted from centralized inventory & billing as inventory across different outlets can be monitored from one dashboard.
Also auto-replenishment suggestions will eliminate the chance of out-of-stock situations. Uniform pricing and promotions across stores can increase the sale and thus will help you to negotiate better with suppliers and save more.
7Heven network and connection with the suppliers will help you with cost benefits. Also 7Heven provides advertisements and promotion support through its multi-store WhatsApp and SMS tools and festive campaign templates. This ensures the brand identity and maintains the consistent sale throughout the year while saving the marketing costs.
Stage 5: Financing Expansion Strategically
You need large investment for the expansion of your supermarket business. When you decide to expand your business the first thought that comes to your mind is that you have to take a loan but there are many other ways that you can use to raise investment for your business. Following are the three 3 popular financing methods that will help you to open multiple stores and will be cost effective and growth oriented.
1. Reinvested Profits
You can plan and save earnings from your first store to fund the second. This is a best option as it is low-risk and shows healthy organic growth.
2. Business Loan or Working Capital Loan
You can take a business loan and it would be easily available to you if your business has a strong transaction record with good credit points. It is also an easier option for the investment as many lenders will agree with flexible terms and at low interest.
3. External Investor or Family Partnership
You can also approach a sleeping partner or co-investor that will take care of your investment needs and you have to manage operations. Doing this will reduce the financial burden and will help you to focus on other operations of your outlet.
Read More : Financing Your Supermarket Franchise
Franchisee Spotlight: Scaling Success in Action
7Heven is a rapidly growing supermarket franchise in India in recent years. It has 400 plus outlets across 14+ states in India. The main aim of 7Heven is to provide guidance and to empower new or local entrepreneurs with its high-quality home and kitchen goods at affordable prices.Â
The franchise provides a ready to run and a proven business model with high branding and marketing support while giving training to the staff that ensures the consistency in the sale and profitability.
Conclusion: Plan Today, Grow Tomorrow
Thinking about expanding your supermarket business from one outlet to multiple outlets can raise many questions about investment, staff training and management but with the right systems, guidance, and support of 7 Heaven can make it an easier task for everyone.
7Heven has a successful franchise in different parts of India that are helping new entrepreneurs in expanding their single store to multiple outlets. As they are providing support with its built-in tech, data analytics, supply chain and franchise mentorship that makes the dream of multiple outlets clear and achievable.