How to Calculate Kirana Retail Store Renovation Budget

If you run a Kirana retail store and are wanting to renovate it into a supermarket, you might wonder where to start and how much it will cost. Renovation can seem difficult, but with careful planning, you can transform your store into a modern and welcoming space. 

This blog will help you understand what it takes to renovate your Kirana store, including how to create a budget, plan the renovation, and keep costs under control. Let’s understand with the help of the following pointers. 

1. Assess What Needs Renovation

Start by looking at your store and deciding which areas need improvement.

To start improving your store, focus on several key areas that directly impact customer experience and overall aesthetics. Consider the following aspects:

• Layout and Customer Flow

  • Assess your store’s layout. Is it easy for customers to navigate? A well-organised layout improves customer flow, making it more likely for visitors to explore all areas of the store. Consider rearranging sections to create a logical flow. To know more about store layout click here.

• Lighting

  • Is your store’s lighting dim or outdated? Proper lighting is essential for creating an inviting atmosphere. Replace dull or flickering bulbs with energy-efficient lights to brighten up your store. This simple change can improve the store’s look and draw attention to your products.

• Shelving and Displays

  • Examine your store’s shelving units. If they look old or are showing signs of wear and tear, consider replacing or fixing them. Updated shelves not only enhance the visual appeal but also make product displays more effective, attracting more customers. To know more about shelving and displays click here.

• Signage and Branding

  • Take a look at your store’s signage. Is it clear, attractive, and in good condition? Replace any faded or outdated signs. Invest in new signage that reflects your store’s name and is easily readable from a distance. This helps customers find their way around and strengthens your store’s identity. 

• Technology and Customer Interaction

  • Consider updating your point-of-sale systems or adding self-checkout options. Technology upgrades can streamline customer interactions and reduce wait times, leading to a smoother shopping experience.

2. Create a Budget

Once you know what needs renovation, it’s time to create a budget. Here’s what to include:

• Design and Planning Costs: If you’re working with an architect or designer, include their fees.

• Materials and Supplies: This covers everything from new shelves to paint and light fixtures.

• Labour Costs: Hiring contractors, electricians, and plumbers will add to your budget.

• Permits and Fees: Depending on your location, you may need permits for construction work.

• New Equipment: If you need a new point-of-sale (POS) system or security cameras, include these costs.To know more about POS click here.

• Other Expenses: Add 10-20% extra for unexpected expenses.
  
  

Click here to use this easy store renovation calculator for better planning.

3. Get Quotes from Contractors

Contact several contractors to get quotes for the work you need done. This way, you can compare prices and choose the best deal. Don’t forget to check references and ensure they have the proper licences.

4. Plan for Business 

Think about how long the renovation will take and how it might affect your business. If you need to close the store, consider how much revenue you’ll lose and if you’ll need to move to a temporary location.

5. Schedule the Renovation

Coordinate with your contractors to find the best time to start the renovation. Aim to do it during a slow period to minimise the impact on your business. Create a timeline and stick to it as closely as possible.

6. Calculate the Total Cost

Add up all your expenses, including design, materials, labour, permits, equipment, and the contingency. This will give you an estimate of the total cost. If the number is higher than expected, consider what you can cut back on or if there are more affordable options.

7. Monitor the Renovation

As the renovation progresses, keep track of the costs to ensure you’re staying within budget. If you encounter unexpected issues, discuss them with your contractor to find a solution.

By following these steps, you can successfully renovate your Kirana retail store. Remember, the key to a successful renovation is careful planning, clear communication, and flexibility to adjust as needed. 

Conclusion

Renovating a Kirana retail store is an exciting opportunity to refresh your business, improve customer experience, and boost sales. Although it requires careful planning and a well-thought-out budget, the end result can be transformative. By assessing your store’s needs, creating a comprehensive budget, obtaining multiple quotes, and planning for business, you can ensure a smoother renovation process with fewer problems.

Remember, a renovation isn’t just about aesthetics—it’s about creating an environment where customers feel welcome and valued. Whether it’s better lighting, new shelving, or improved signage, each change can make a big difference. So, take your time, stick to your plan, and soon you’ll have a Kirana store that’s better than ever. 

If you want to transform or renovate your kirana store or supermarket then get in touch with Kirana Friends. You can connect with a Kirana Expert by calling or messaging us on 8010442222.

You can also download the Kirana Friends Application from the Google Play store by clicking on the link below and learn how to run your store more profitably.