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When you think of groceries and daily items, Trader Joe’s is a name that is quite recurrent. Popular across the United States, Trader Joe’s is known for its diverse collection and a broad category of products. This American retail store is known for selling its in-house brands primarily.
From frozen to gourmet, you can find a pretty amazing collection of perishable and non-perishable items in the store. But, with the dedicated consumers that the brand has, it isn’t surprising that most people are often inquisitive about starting a Trader Joe’s franchise.
Currently, Trader Joe’s has around 530 stores in the United States and is expanding rapidly. With the grocery industry averaging 12.9 billion annually, venturing into this as an investment can be a fruitful experience.
This article will walk you through all the details you need to know about starting a Trader Joe’s franchise from scratch.
What is a Trader Joe’s franchise?
Despite its consumerism and lucrative business model, Trader Joe’s is a privately-owned company. This means that there are no franchise possibilities. You can’t own your franchise of Trader Joe’s at this point.
Although not much is known about why the company doesn’t offer franchise models, it is believed that it wants to maintain “close control of their stores.”
Despite how much Trader Joe’s has grown since its inception in 1958, it is safe to say that the grocery store is still comparatively much smaller than other stores like Walmart and Costco.
If you are wondering about the ownership of Trader Joe’s, the company is owned by Aldi Nord, owned and operated by two brothers living out of Germany… Read More
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