Convenience Store Associations With the Best Resources for Business Ownershttps://sprockets.ai/wp-content/uploads/2022/06/convenience-store-associations-blog.png1016528SprocketsSprocketshttps://sprockets.ai/wp-content/uploads/2020/12/Component-30-–-email@example.com
Do you ever wish you could talk to someone who had the same business challenges as you to learn how they overcame them? You can, and it’s just one of the many benefits of joining a convenience store association. They often provide c-store owners with valuable resources such as training classes for your team, insights to inform your strategy, discounts on retail solutions, and even advocacy for issues on the state or international levels. Let’s dig into which convenience store groups provide the fuel you need to grow your business.
Of course, your business is only as good as the employees you have on staff, and adding one simple tool to your hiring process helps improve retention and productivity. It instantly reveals the ideal applicants for your convenience store, enabling you to make the best hiring decisions every time.
Grow Your Business With the Help of These Convenience Store Associations
The Association for Convenience and Fuel Retailing, also known simply as NACS, has been helping c-store owners for over 60 years. It’s the premier global trade association, founded in 1961 under the name “The National Association of Convenience Stores.” Today, NACS advises more than 1,300 retailer and 1,600 supplier members across 50 countries.
You’re welcome to attend a variety of NACS events, such as leadership training programs and convenience summits. Of course, the biggest and most popular event is the annual NACS Show (October 1 to 4, 2022). It attracts over 20,000 attendees for educational sessions, workshops, speakers, and more than 1,200 exhibitors. Check out the “Cool New Products Preview Room” and consider attending a pre-conference workshop (NACS Advanced Category Management Certification and NACS Food Safety Conference).
Tip: Keep an eye out for the Sprockets booth (6386) on the exhibitor floor to learn how our hiring solution helps c-stores drastically improve employee retention!
NACS membership pricing starts at $250 per year for c-store retailers in the U.S. Your rate depends on your annual sales figures. You’ll enjoy discounted rates for events, reports, and resources as well as members-only access to expos and education. Plus, retail members receive personal representation through their national advocacy group. (There are additional membership options available for supplier companies and members of the press.)
C-Store Associations by State
If you’d like to explore some of the more local options specific to your state, feel free to browse the list of related associations below:
REVEAL THE IDEAL APPLICANTS WITH SPROCKETS’ HIRING PLATFORM
Each bad hire can cost your c-store up to $5,000 — a cost you can’t afford during a labor crisis. That’s why so many businesses turn to Sprockets’ unique hiring solution that shows you precisely who to hire, removing the guesswork and improving employee retention by an average of 43%. You’ll be able to spend less time on the hiring process and more time on daily operations, which is crucial to running a successful convenience store.
Schedule a free, 15-minute demo to start hiring employees who will drive success for your c-store!
How to Open a Convenience Store: The Complete Guidehttps://sprockets.ai/wp-content/uploads/2022/06/how-to-open-a-convenience-store-blog.png1016528SprocketsSprocketshttps://sprockets.ai/wp-content/uploads/2020/12/Component-30-–-firstname.lastname@example.org
Starting a new business can be stressful, time-consuming, and overwhelming. Luckily, we’re here to help put you at ease with some top tips for how to open a convenience store. Find out what you need to know to minimize risk and maximize profits in the c-store industry. We’ll even teach you how to identify the ideal applicants so you can start off on the right foot with an all-star team of employees!
How Much Does It Cost to Open a Convenience Store?
It usually costs about $10,000 to $50,000 to open a convenience store. This includes the cost of buying or renting a space, stocking your c-store with its initial inventory, and installing necessary equipment and technology. The price can vary, though, depending on the size of your store and which route to ownership you take. You can build a new, independent c-store from the ground up, purchase an existing c-store, or open a new location under a franchise brand. If you’re new to the industry, we recommend opening a franchise location so you can receive guidance, business advice, and an established customer base. Buying a franchise location is also typically cheaper and easier than building and stocking a whole new store on your own.
Are Convenience Stores Profitable?
The average gross profit margin for convenience stores can be around $450,000, making it a potentially lucrative business venture. However, keep in mind that it takes some time to reach the tipping point of making that profit after all of the initial costs to set up your c-store. Be patient, be consistent, and be disciplined about how you approach your operating plan. With any luck, you could achieve a decent profit and be able to expand to additional locations.
Tip: Consider running a food service operation within your c-store to increase profits. Despite what the general public might think about rising gas prices, c-stores only make about two cents of profit for each dollar of gasoline they sell. Maximize your profit margin by increasing food sales instead of depending on gas and tobacco sales.
What Is the Biggest Challenge Facing C-Store?
Unfortunately, there are downsides to opening a convenience store. One of the toughest obstacles facing c-stores right now, besides supply chain issues and inflation, is high employee turnover. It can be extraordinarily difficult to hire and retain high-quality c-store associates. As soon as you onboard one associate, another could be on their way out.
How Do I Hire the Best C-Store Employees?
Once you begin hiring your first employees, you’ll quickly be able to differentiate the best from the rest. Then, the key is to find more workers like those current top performers. Ideally, you’ll want to do this as soon as possible before you get stuck in an endless cycle of employee turnover. It’s time-consuming, stressful, and cuts into your profit margin due to the cost of the traditional hiring process. Sprockets’ hiring platform removes this obstacle from your path to success by instantly revealing which applicants will succeed and stay long-term like your best c-store associates.
Reveal the Ideal Applicants With Sprockets’ Hiring Platform
Any convenience store owner can tell you how difficult it can be to struggle with employee turnover. That’s why so many businesses turn to Sprockets’ unique hiring solution that shows you precisely who to hire, removing the guesswork and improving employee retention by an average of 43%. You’ll be able to spend less time on the hiring process and more time on daily operations, which is crucial when opening a convenience store.
Schedule a free, 15-minute demo to start hiring employees who will drive success for your new c-store!