September 29, 2023
Even before COVID-19 changed the restaurant and retail landscape in 2020, micro markets were growing at a nearly unprecedented rate due to: increasing consumer demand micro market operator earning potential versatility of micro market options underserved markets which represent opportunity for entrepreneurs ever-evolving micro market technology and capabilities Micro market revenues grew nearly $1B between 2016-2019, climbing to a record high $26B in revenues in only two years. We believe there has never been a more exciting time to become a micro market operator , and here are five reasons why, including the benefits of partnering with Avanti Markets on your micro market business. 5 Reasons to Open an Avanti Micro Market Business Right Now 1. Consumer Demand and Preferences The growth of micro markets is not just about the consumer’s demand for food and beverages. Micro markets answer consumer preferences in many areas, especially now in the aftermath of COVID-19 and its impacts to food service. Micro markets answer the consumer’s growing demand for convenience, self-service, and touchless payments, especially among younger consumers (and a younger workforce). Micro market technology enables unattended retail as a food service solution that can be placed in nearly any setting, such as: Office buildings, lobbies, and corporate campuses Colleges, universities, high schools, and other educational institutions Hospitals, medical buildings, medical office parks, etc. Airports, train stations, bus stations, and other commuter facilities Hotels and motels Adjacent to (or in place of) traditional cafeterias Resorts, arenas, stadiums, convention centers, entertainment venues Neighborhood convenience retail locations Automobile service and sales facilities Today’s COVID-19 era consumer also demands food safety and security. Micro markets offer safer, smarter vending solutions where foods and beverages are safely stored, minimally handled, and where inventory can be managed in real time to avoid shortages and respond to demand. The size and type of items which could be dispensed by traditional vending machines limited their ability to satisfy the needs of consumers who are increasingly aware of the benefits of eating healthy. Micro markets and intelligent vending solutions are not constrained in the same way, and so they are able to deliver access to the healthy, fresh foods that consumers want from food service solutions in retail and employment settings.