Sari sari store business how much profit and sales can you expect in a day
A sari-sari store , or neighborhood variety store, is a convenience store found in the Philippines. The word sari-sari is Tagalog meaning "variety". Such stores form an important economic and social location in a Filipino community. It is present in almost all neighborhoods, sometimes even on every street. Most sari-sari stores are family-run privately owned shops and are operated inside the shopkeeper's house. Commodities are displayed in a large screen-covered or metal barred window in front of the shop. Candies in recycled jars, canned goods and cigarettes are often displayed while cooking oil, salt and sugar are often stored at the back of the shop. They also distribute prepaid mobile phone credits. The sari-sari store works with a small revolving fund, and usually doesn't have the means to refrigerate and store perishable goods. However, they may have refrigerators that can store other products such as soft drinks, beers and bottled water.
- Sari sari store business how much profit and sales can you expect in a day
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Sari-sari stores have higher prices when compared to supermarkets but provides several benefits to their customers. The sari-sari store allows members of the community easy access to basic commodities at low costs. Without them, villagers must go to the nearest market town which may too far from the village itself. In the Philippines, following the concept of tingi or retail, a customer can buy 'units' of the product rather than whole package. For example, one can buy a single cigarette for one peso (0.02 US dollars) rather than a whole pack. This is convenient for those who cannot buy the whole package or do not need much of it. Even though buying products through tingi can be practical for the buyer, its cumulative costs may be more expensive than buying the product's regular units. The sari-sari store also saves the customer extra transportation costs, especially those in rural areas, since some towns can be very far from the nearest market or grocery. The store may also allow purchases on credit to their customers. The stores may also act as trading centers in rural areas. Farmers and fishermen may directly trade their products to the sari-sari store in return for basic articles, fuel and other supplies.