Mini-marts, also known as convenience stores, are a familiar site in American cities and towns. Even though many different convenience stores share brand names, not all locations are owned by one company. Many mini-marts are owned and operated by an individual or a small group of investors, who license the use of common names such as Shell and 7-Eleven. Store owners can be paid a direct salary, earn income through business profit or both.
Mini-mart owners manage the operations of convenience stores. These retail locations offer common consumable items, such as snacks, beverages and fuel. Convenience store owners may directly manage other employees or may hire supervisors and focus on the long-term strategy for the store. No specific education requirement exists for a mini-mart store owner. However, business knowledge, customer service skills, and experience supervising employees are all required for a store to succeed.
Convenience store owners who directly supervise the daily store operations are often paid a consistent salary by the business. The BLS reports that retail store supervisors earn an average salary of $35,310 as of 2008. Mini-mart owners are also invested in the overall financial profit of the business. Store owners may earn both a base salary and earn extra income in the form of profit or may choose to forgo a traditional salary and earn income through the net profits of the business.
Several factors can affect the actual income of convenience store owners. Because the business can fluctuate, owners can increase or lose the money from their investment based on the market. All convenience stores in the U.S. earn approximately $4.8 billion in total net annual profit, according to the National Association of Convenience Stores (NACS) as reported in the Seattle Times. NACS also reports that there are 146,341 convenience stores in the country as of 2010. These numbers indicate that the average profit for a single convenience store is approximately $32,800 per year. Depending on the structure of the business and the number of other investors, this profit can go directly to the owner of a store as additional income or be reinvested in the operation of the business.
According to the BLS and NACS, job opportunities in retail convenience store positions are expected to expand slowly in the foreseeable future. NACS states that the number of convenience stores increased by 1.2 percent between 2009 and 2010. The BLS reports that employment of all retail sales supervisors, including those managing convenience stores, is projected to increase by 5 percent between 2008 and 2018. However, the success of an individual mini-mart is directly linked to the local economy and the owner's ability to manage it properly.
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