Even before COVID-19 changed the restaurant and retail landscape in 2020, micro markets were growing at a nearly unprecedented rate due to:
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:
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.
2. Earning Potential
Because micro market businesses can be installed and operated in spaces that cannot accommodate casual or fast food restaurants, they offer an incredible earning potential to entrepreneurs. By placing high quality and a wide variety of foods and beverages right where they are wanted by consumers, students, employees, patients, visitors, etc., micro market operators get first dibs!
3. Micro Market Options
All micro markets are not created equal. Avanti has a several different micro market business models and each of these can be configured in a variety of ways. This creates an endless number of possible ways to set up and operate micro markets that can be completely customized for space needs, demand, pricing, touchless payment options, profitability, and more.
Furthermore, all of our micro market solutions can be operated by an organization (such as a business who wants to provide a micro market to employees or customers) or they can be independently operated by Avanti micro market operators. In either scenario, an Avanti space planning expert will be deployed to ensure efficient layout to maximize the micro market’s potential as a revenue generator or perk.
Avanti Markets are the original self-service, self-checkout micro market! Our
unattended retail micro markets can be scaled to any size, include both refrigerated and non-refrigerated items, display and sell food as well as non-food items, be enhanced with video security, and be operated for-profit or as an employee benefit (or in combination).
Smart N’ Go Markets are just as versatile. Our modular smart vending units stay locked until a payment method has been swiped, and then automatically track and charge for items removed by the customer. Use of low touch and touchless payment methods enhance personal safety. And like the original micro markets, intelligent vending means that different types, sizes, and shapes of products can all be security and safely stored and dispensed.
Give any type of convenience food retailer a run for their money with Express by
Avanti’s walk-in / walk-out micro markets. No checkout lines, no cash registers, and no payment terminals to touch – Express micro market customers simply scan their app or card to enter the market space, choose the items they want and walk out. Micro market technology automatically logs and charges them for their purchases and enables micro market operators to track and manage inventory in real time.
All of our micro markets create efficiencies that result in better inventory management, faster restocking, demand trends and potential, and maximum use of space.
4. Underserved Markets
Micro markets represent a vastly underserved segment of the food service industry because there are so many industries for potential to house micro markets where they do not exist. Underserved markets are also continuing to emerge as food service changes in the wake of COVID-19. Smart vending solutions offer food and personal safety advantages that make them ideal replacements for high-touch buffets, cafeterias, open-air retail shelving, etc.
5. Expertise and Resources
We are the original micro market company, with:
This means you can partner with the industry leader in micro markets who is always championing advances in technology, equipment, process, marketing, and other resources that support Avanti micro market operators.
Contact Us Today To Learn More!
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