Fake: “Aldi’s spends $3million to open one, I read somewhere.”
Reality: Aldi is budgeting $11,250,000 for each new store in their present exansion.
Maybe not fake but out of date.
According to this article, ALDI planned to spend $3 billion to open 900 stores, which is about $3 million per store. But this was in 2017:
Summary of Costs
To summarize, opening an ALDI store in the USA involves several significant costs:
– Initial Franchise Fee: $15,000 – $100,000
– Real Estate and Construction Costs: $500,000 – $3,000,000
– Inventory and Supplies: Varies based on store size and initial stock needs
– Marketing and Advertising Costs: Varies based on strategies and local market conditions
– Employee Expenses: Varies based on store size and labor market conditions