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Why is the most profitable "restaurant" now a convenience store?

Because the accelerated pace of life and busy work makes more people pursue "minimalism". What is minimalism? Achieving the best results and saving extra time in a quick and easy way is extremely simple. But it's not just about simplicity, it's about being the best. Even if people are eating fast food, the idea of nutrition is still something that can't be saved.

Secondly there are more and more single people in China. Convenience stores can replace the refrigerator, dining table and even the kitchen at home. They can fulfill almost all the daily needs of singles. Convenience stores not only provide convenience, but also create a new lifestyle for customers. On top of meeting physical needs, consumers in China's first- and second-tier cities also need quality, environment and personalized displays. Combined with international experience, the development of convenience stores is closely related to the level of the economy. When GDP per capita reaches US$3,000, convenience stores will enter the market introduction period. When GDP per capita reaches US$10,000 (China is close to this figure), convenience stores will enter a substantial growth phase.

Good industry form: expert analysis: "chain convenience store" is the 21st century has the potential for development of retail chain form. Convenience stores are increasing due to their convenience:24-hour business, wide range of business, nanny service, easy to decorate, thoughtful service, fast update of goods.

Convenience store location: "Location is king" for sure. Convenience stores can't move, so the demographic attributes of the surrounding area determine how much business your store gets. Products for sale:White-collar middle-class breakfast and lunch are products that are consumed frequently because they are essential to the white-collar group's lifestyle, and it is easy to form a consumption habit and a fixed customer flow.

City characteristics:Many people mentioned that the roads in the southern cities are narrow and easy to cross the streets and driveways, while in the north there are more roads (it is not convenient to cross the roads); the southern cities are densely populated and office areas are concentrated. All of these factors are key to a profitable investment in convenience stores. The "climate" issue was also mentioned above, as southern cities have a lot of nightlife, which makes people spend more money in convenience stores at night.