my friend have quick food stop,which is less inventory than grocery store,told me to start this kind of business you need $150,000.so a good running grocery store will cost you about $200,000/- with all the inventory inside.
another friend is running a dollar store,last august they taken over with their family friend,almost empty,and they paid eight thousand and the monthly rent is $1600+1400 some kind of tax they have to pay +electricity and water all together $4000/-
to pay that much rent you must make at least ten thousand/month .so in the beginning they just keep away the rent,from every day income and what ever they make over, they keep on rolling the profit for filling the inventory.now it has the inventory of about thirty thousand and if i need to take over that business they will not sell as it, less than forty to forty five thousand,just to take over.but now i think they have seven days a week to open,so at least every day net average profit is for sure $400 to 500/day .it is good earning but very hard work,without any break.they do not hire any help just because the they have to pay the employee and he or she may steal.so both husband and wife are working,one stay and other go and shop for the store,in bulk.
now they say grocery store business is good if you have helpers in your family whom you can trust and take a break and give them break to enjoy the money.
learn from my friend's experience