Kitchen Supplies Store

How Profitable Is A Kitchen Supplies Store? (Updated for 2024)

Pat Walls

•

Updated: September 2nd, 2024

How Profitable Is A Kitchen Supplies Store? (Updated for 2024)

So you want to start a kitchen supplies store?

And the first question that came to your mind was, “well, are kitchen supplies stores actually profitable?”

Especially considering:

You could start a kitchen supplies store with as low as $600
Based on our data, kitchen supplies stores generate an average of $4.92M per year
You could see gross margins as high as 60% with kitchen supplies stores

There’s money to be made. Don’t worry.

But, I don't want to spoil it all. Below we’ll cover everything you need to know when it comes to the profitability of a kitchen supplies store.

Let’s dive in!

Is a kitchen supplies store profitable?

Yes, a kitchen supplies store is generally a profitable business. However, you still need to consider several factors since these things always impact the overall outcome.

For instance, since average revenue is $4.92M per year with an estimated gross margin of 50%, you could expect to recover your investment within 10 months or even less.

But of course, it all comes down to how much you earn compared to the potential revenues of your kitchen supplies store.

To determine whether your business is profitable, you should earn more than your expenses in the beginning months. However, while you're in your first month, it can be challenging to know what to expect.

Therefore, you should maintain a record of your monthly expenses and income to determine whether you're meeting your goals. By doing this step, you can see how your kitchen supplies store is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a kitchen supplies store worth it?

If you’re wondering if a kitchen supplies store is worth it, the answer is a big YES. With kitchen supplies stores, you have the potential to earn $4.92M per year (this is based on data reported by real founders).

Further, you could have your initial investment back within months. Simply put, it’s a business worth a shot, especially if you have the resources and make the necessary efforts to achieve or surpass the target.

With a market size of $, it will be possible for you to build something that grows and turns into a flourishing business. As such, it’s the type of business you might want to consider starting.

Of course, you must learn and understand every aspect of running a kitchen supplies store to ensure success. Still, as long as you have the initial investment and can endure a few months before your actual gains, this business could be worth it.

You might want to consider reading more specifics about successful kitchen supplies stores case studies.

Examples Of Profitable Kitchen Supplies Stores

Here are a few examples of profitable kitchen supplies stores, and a few more details about them:

1. Cave Tools ($4M/year)

Michael "Medium Rare" O'Donnell, the founder of Cave Tools and Grill Master University, initially started his journey as an entrepreneur after taking an unpaid internship with a serial entrepreneur in college. He saw the potential for creating his own successful business and started Cave Tools as a side project to test his own marketing skills. By leveraging his experience and expertise, O'Donnell was able to scale Cave Tools into a $2 million per year brand while also traveling to nearly 40 different countries.

Is it profitable? Yes
How much money it makes: $4M/year

How We Built A $2M/Year Business Selling Barbecue Tools

Learn how Michael "Medium Rare" O'Donnell built Cave Tools into a $2 million per year brand selling high-quality barbecue tools and accessories, and expanded his business by launching Grill Master University, an online barbecue masterclass platform, all while traveling to and living in almost 40 different countries in just the last 3 years.

Read this case study

Read by 13,557 founders

2. BBQGrills.com ($6M/year)

relying on word-of-mouth would be our strategy. We focused on providing exceptional customer service and offering high-quality products that would stand the test of time. With just $600 in our bank account, we took a chance and worked tirelessly to build our business. And now, just 11 months later, we have achieved $2 million in overall sales without any advertising or remarketing ads.

Is it profitable? Yes
How much money it makes: $6M/year
How much did it cost to start: $600

From $600 left to $2M in sales in its first year of Business Selling BBQ And Outdoor Kitchen Equipment

BBQGrills.com is an online retailer of outdoor kitchen equipment, BBQ grills, and patio heaters that earned $2 million in sales within its first year of business through a focus on quality, performance, and customer service.

Read this case study

Read by 9,217 founders

3. Boil Boss ($285K/year)

Robert Lapeyre was inspired to launch Boil Boss after his father's old idea of a rapid seafood cooling system reignited his passion for cooking. Armed with personal experience and research, Robert tackled overcooked seafood, leading to $285,000 in 2023 revenue.

Is it profitable? Yes
What's the gross margin? 60%
How much money it makes: $285K/year
How much did it cost to start: $2K

I Designed A Better Way To Boil Seafood And Make $285K/Year

Learn how Boil Boss, an innovative boiling accessory company, generated $285,000 in 2023 and aims for expansion in 2024 through customer base growth and website optimization.

Read this case study

Read by 1,522 founders

Learn more about starting a kitchen supplies store:

Where to start?

-> How much does it cost to start a kitchen supplies store?
-> Pros and cons of a kitchen supplies store

Need inspiration?

-> Other kitchen supplies store success stories
-> Marketing ideas for a kitchen supplies store
-> Kitchen supplies store names

Other resources

-> Kitchen supplies store tips

How much can you make with a kitchen supplies store?

With a kitchen supplies store, you can make an average of $4.92M revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $600. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 10 months.

How much does a kitchen supplies store make a week?

Based on our data, average weekly revenue for a kitchen supplies store ranges around $102K. As such, you could see monthly revenues of $410K.

To know if your kitchen supplies store achieves the weekly profit target, you need to keep track of the total earnings you get per day. Afterward, you'll want to consider subtracting the expenses you have daily.

Learning your weekly profit can also show whether you're hitting your target goal for your kitchen supplies store.

How much do kitchen supplies stores owners make?

The income of a kitchen supplies store owner can vary depending on various factors such as location, size, competition, and the owner's business skills.

But to give you some idea, the weekly revenue of an established kitchen supplies store is about $102K. But this can be lower or higher depending on so many factors - it's almost impossible to say exactly.

While the potential for earning a good income as a kitchen supplies store owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Kitchen Supplies Store Profit Margins

Generally speaking, a kitchen supplies store can expect profit margin of around 50%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of a kitchen supplies store, profit margins can vary depending on various factors, such as the type and quality of products sold, the size of the store, and the level of competition in the area.

However, these figures can vary depending on the pricing strategy, inventory management, and overall efficiency of the business. To maintain healthy profit margins, kitchen supplies store owners must focus on managing costs, negotiating favorable supplier terms, and providing high-quality products and services to attract and retain customers. By doing so, kitchen supplies store owners can ensure long-term sustainability and profitability for their business.

Kitchen supplies store owner salary

The salary of a kitchen supplies store owner is an unpredictable figure. It's significantly influenced by numerous factors, including the store's location, its size, and the degree of competition. An owner of a well-established kitchen supplies store, in a prime position, might see an average weekly salary around the ballpark of $51.2K.

But it's worth noting, such numbers aren't always consistent. The earnings can vary wildly, potentially swinging by as much as 80% either way.

Achieving consistent success and maintaining a reliable income stream in this industry requires a deep commitment. It's imperative to offer high-quality products, deliver impeccable customer service, and nurture a trusted bond with the community you serve.

Conclusion

In a nutshell, based on many of our examples, a kitchen supplies store may be a promising business to start - but the success of your kitchen supplies store mostly depends on your effort and your approach.

If you focus on these, you'll have a much higher chance of a profitable kitchen supplies store.

Part of

Starting A Kitchen Supplies Store: Everything You Need To Know

‹

›