You may be curious about the supermarket chain with its bright green writing that you've seen in Florida and some parts of the South. Publix, with more than 1,000 locations,where to buy is a pleasuresince 1930.
If you are an entrepreneur looking to franchise a supermarket chain, you may be wondering: Can you franchise a Publix supermarket? Unfortunately, you can't franchise Publix. This is the largest employee-owned supermarket chain in the United States and is privately owned, so you can't buy shares on a public stock exchange either.
But don't stop reading just yet. We've got all the facts you need to know about Publix, how you can continue to do business with them, and what other options you have if you want to franchise a supermarket. If you are interested in finding an opportunity that involves working with franchisees,Take our 7 minute franchise quiz.
- Financial requirements and fees
- Average sales/sales per year
- Publix Supermarket Franchise Facts
- How much does Publix supermarket make?
- Advantages of a Publix supermarket franchise
- Challenges of a Publix Supermarket Franchise
- Is Publix Supermarket Franchise Right For You?
Financial requirements and fees
Since Publix is not available as a franchise, there is no way to determine the cost of setting up a franchise in your area. However, an estimate to open a grocery store would be over $2 million considering all costs, including the purchase of equipment, POS systems, inventory, rent, insurance, advertising, licenses, real estate, and other expenses.
Average sales/sales per year
RespectivelypublixIn 2022, the company had revenue of $54.5 billion, up 13.6% from 2021 revenue of $48 billion. Publix continues to demonstrate that it can grow even in difficult or stagnant economic environments. Even in difficult economic times, people will always depend on basic food needs.
Publix Supermarket Franchise Facts
| total units | 1.333 |
| registered name | publix |
| franchise since | Does not allow franchises |
| Industry | Retail / Supermarket |
| tile industry | food and drinks |
George Jenkins opened Publix in1930in Winter Haven, Florida. Jenkins, known as Mr. George, previously worked at Piggly Wiggly, another supermarket chain in the United States, before quitting to run his own grocery store. After opening the first location, Jenkins bought small retail stores and converted them into supermarkets. The Publix name comes from a movie theater chain that was about to close, and Jenkins liked the name so much that he decided to use it.
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Publix's success at the time may be due to the designs Jenkins used in his stores. Jenkins added air conditioning, terrazzo floors, and fluorescent lighting. Jenkins also added good quality merchandise and friendly customer service.
To date, Publix remains a strong grocery company with more than 1,333 locations in Florida, Alabama, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. Florida has the most Publix locations with more than 800 stores.
Fruit and vegetable section of a grocery store.
Groceries are the main items that Publix offers, but they also offer a variety of services under one roof. There is a pharmacy in the grocery store where you can get prescription drugs. They sell flowers and greeting cards in a department. They also have a bakery where you can get fresh baked goods like cakes for special occasions. You can also buy subs, wings, and sushi at Publix.
As mentioned above, Publix is not available for franchises. The Jenkins family currently owns 20% of the shares.80 %of which is owned by employees.
However, if you are interested in doing business with them, you can become oneretail product supplier. That means if you have an item (dry food, frozen food, meat, etc.) that you want to sell at Publix, you can sign up to allow Publix to rate the product. You can also register as a facility acquisition provider, industrial equipment provider, supply/ingredient product provider, Publix brand product provider, facility service provider, and technology product or service provider.
Another way to do business with Publix is to sell or lease a property you own to them. To submit your proposal, see the property requirementsHere. Here are some of the basic requirements for a Publix supermarket location:
- Property Location:Publix prefers to locate its branches in high-traffic areas with good visibility. The property must also be accessible by car, public transport and on foot.
- Plot size:Publix stores are typically 40,000 to 60,000 square feet in size. The lot must be large enough to accommodate the layout of the store and the parking lot.
- Property zoning:The property must be designated for commercial use. If a property is designated as residential, the local government will not require you to operate a business from that location.
- Access to the property:The property must have good access to public services such as water, sewage and electricity.
- Property Status:The property must be in good condition and free of major defects. Publix seeks safe neighborhoods and communities to open its businesses.
The current Executive Director or CEO of Publix is Todd Jones. Publix is headquartered in Lakeland, Florida.
How much does Publix supermarket make?
According to a Publix reportwebsiteIts net income as of December 21, 2022 was $2.9 billion. That's down 33.9% from his 2021 net income of $4.4 billion. Inflation has had a negative impact on Publix's profitability over the past two years. To offset these costs, the company had to raise the prices of some of its products. All grocery stores faced this challenge as prices for raw materials and transportation increased.
Advantages of a Publix supermarket franchise
Publix is a strong brand, which has many advantages. These are some of the strengths of this supermarket chain.
Name
Publix has been around for over 90 years, serving many people with quality products and customer service. They may not be available in every state, but they are known to a large part of the population because they have been around for a long time, because their stores are very large, and because they dominate most supermarkets in the South. Publix is a strong brand because of its focus on customer service, commitment to quality, and employee ownership.
The first Publix deli opened in Tallahassee, Florida.
Services
As mentioned above, Publix is not just a supermarket. You can get your medications, baked goods, and dinner plates all under one roof. Do you also need flowers and greeting cards? They also carry these items. Do you need a very special and individual birthday cake? Publix Bakery can do that for you. The services they offer are all very convenient and in one place, making Publix the supermarket of choice for so many shoppers.
Employee Property
Publix employees are entitled to stock awards, making the company an ideal place to work. That is why they are also among the 100 best companies to work for. Clients not only receive their monthly salary and benefits, but the shares they own help them do so.
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Employees can purchase Publix stock through the Employee Stock Purchase Plan (ESPP). Publix offers eligible employees the opportunity to purchase shares of its stock at a 15% discount rate. In addition, Publix also offers eligible employees a generous tuition reimbursement. The company reimburses its employees up to $5,250 per year for tuition and fees.
Challenges of a Publix Supermarket Franchise
If you decide to do business with Publix, you may face some challenges. Some of these are covered below:
Not available in all states
Publix is only available in limited areas of the United States, primarily in the South. But can you imagine that they are available throughout the United States? Unfortunately, one of the challenges of expanding beyond the South is that most consumers in the West or Midwest have never heard of Publix. The company would have to invest in marketing and promotions to spread the word about its grocery shopping experience.
complaints of discrimination
publix hadproblems withDiscrimination against LGBT+ workers. Such accusations of discrimination can still cast a bad light on Publix and hurt its bottom line if certain communities decide to boycott the store.
Is Publix Supermarket Franchise Right For You?
Too bad Publix isn't available as a franchise. If they did, it would be an ideal supermarket franchise for many. He has everything under one roof and also gives something back to his employees.
In the meantime, if you'd like to continue doing business with Publix, please see our other options, e.g. B. Become a vendor or sell property you own to Publix. You can also become a Publix employee to get a piece of its stock.
A shopkeeper can do thatto deserve$60,000 to $300,000 or even more depending on the location and size of the business. So if you still want to franchise a grocery store, keep in mind that these are estimates and your income will vary based on operations, location, and marketing.
What is an alternative Publix supermarket franchise?
I suggest looking for convenience stores to franchise. Most convenience stores offer a wide range of services, from basic groceries to groceries and fuel. One supermarket that has stood the test of time is Arco AM/PM Station. The chain has more than 1,200 locations and has been around since 1978.
The investment to franchise an Arco AM/PM station ranges between $440,291 and $10,405,152. The franchise fee is from $40,000 to $70,000. Consult our Arco AM/PM station franchise guideHere.
Publix continues to dominate the South's dining scene. They are also a credible company to do business with. But unfortunately they currently do not offer franchises. If this ever changes, I'll let you know here.
FAQs
Can You Finally Franchise a Publix Supermarket? ›
If you're an entrepreneur eyeing to franchise a grocery chain, you might be wondering, can you franchise a Publix Supermarket? Unfortunately, you can't franchise Publix. This is the largest employee-owned grocery chain in the United States and is privately owned so you can't buy stocks on a public exchange either.
Can you franchise a Publix? ›There are actually only a few brands that fall under the category of franchise grocery stores. Supermarkets can be franchised, but most big names that we are all familiar with like Walmart, Target, Kroger, Whole Foods, Trader Joes, Costco, Piggly Wiggly, Winn-Dixie and Publix, remain corporately run with stockholders.
What percentage of Publix is owned by employees? ›Publix is an American supermarket chain that was founded in 1930 by George W. Jenkins. The company has a rather unique ownership structure where employees are the majority shareholders. Publix is now the largest employee-owned grocery store chain in the United States, with employees owning about 80% of the company.
Who owns most of Publix? ›The Jenkins family built and own part of Florida-based Publix Super Markets, which operates more than 1,200 grocery stores across southeastern U.S. Publix is the largest employee-owned company in the U.S.; employees own an estimated 80% and Jenkins family members own the rest. George Jenkins (d.
Are Publix employees part owners? ›Today, Publix Super Markets is the largest employee-owned company operating in America. 4 The family of Publix's founder collectively own 20% of the company, while the remaining 80% is owned by past and present employees.
How much Publix stock do you get a year? ›Just as the word "gift" implies, employees are given shares of Publix common stock at no cost, accumulating, on the average, about 3.5 shares per week, according to one former employee. "It's roughly eight percent of your annual pay," the employee said.
How much money does the owner of Publix make? ›That included a base salary of nearly $2.1 million, a $342,753 bonus and $173,383 in other unspecified compensation, according to a shareholder statement the Lakeland-based supermarket chain filed recently with the U.S. Securities and Exchange Commission.
Does Publix pay more than Walmart? ›...
Compare similar salaries.
| Cashier | $11.72 per hour | $12.08 per hour |
|---|---|---|
| Grocery associate | $15.13 per hour | $14.32 per hour |
Publix's sales for the fiscal year ended Dec. 31, 2022, a 53-week year, were $54.5 billion, a 13.6% increase from $48 billion in 2021, a 52-week year. The additional week in 2022 increased sales by 2.1%. Comparable store sales for the fiscal year ended Dec.
What is the largest employee-owned company in the world? ›It's Publix, a chain of more than 1,200 supermarkets based in the Southeast. The private company, which is based in Florida, employs more than 190,000 people. How does the employee ownership work?
How much is the Publix family worth? ›
Jenkins, the founder of Publix Super Markets, and its chairman and CEO from 1990 to 2001. His family is among the richest in Florida and thirty-ninth richest in America, according to Forbes, with a net worth of $8.8 billion in 2020.
Is Publix owned by Costco? ›Founded in 1930 by George W. Jenkins, Publix is a private corporation that is wholly owned by present and past employees and members of the Jenkins family.
What is the oldest standing Publix? ›On Sept. 6, 1930, George Jenkins opened the first Publix location, known then as Publix Food Store, in Winter Haven, Florida.
Do Publix employees get free stock? ›Purchasing shares of Publix stock is an exclusive benefit of eligible Publix associates and members of the Publix board of directors.
Can you buy Publix stock after you quit? ›However, depending on how many years of service you have, the amount of shares you can buy is limited. Any stock you buy is yours to keep, even if you quit or are retiring from Publix. Again, you can only sell the stock back to Publix, if you chose to sell.
Why is Publix stock going down? ›Publix stock price decreased Tuesday to $13.19 after snowballing economic conditions resulted in a 54% decrease in net earnings despite higher sales for the third quarter. Publix Super Markets Inc.
At what age can I retire from Publix? ›Option 1 – you ARE allowed to leave everything with Publix, but if you separate from the company prior to age 62, you can only leave it until the year after your 62nd birthday. If you've reached 62 when you separate, you'll be required to take a full distribution the year following your separation.
What 7 states is Publix in? ›- Alabama (88 stores)
- Florida (854 stores)
- Georgia (204 stores)
- North Carolina (53 stores)
- South Carolina (68 stores)
- Tennessee (55 stores)
- Virginia (19 stores)
An employee can purchase a certain amount of stock each year using their own funds but they can register it in their own name, they can register it in a joint name (an employee and their spouse), and finally as a custodial registration (a minor child).
Who are the highest paid employees at Publix? ›| Rank | Job Title | Hourly Rate |
|---|---|---|
| 1 | Pharmacist Manager | $40.61 |
| 2 | Team Leader | $18.80 |
| 3 | Warehouse Selector | $17.50 |
| 4 | Order Selector | $17.45 |
What is the highest salary at Publix? ›
Hourly pay at Publix Super Markets Inc ranges from an average of $10.87 to $18.66 an hour.
What does Publix sell the most? ›In 2021, the US-based supermarket chain Publix generated an estimated net sales of about 29.2 billion U.S. dollars through edible grocery, making this the top ranking product category for the company.
Does Publix pay time and a half on holidays? ›Major holidays are paid with days off making it time and a half.
What is the lowest Publix pays? ›How much does Publix in the United States pay? Average Publix hourly pay ranges from approximately $10.53 per hour for Service Clerk to $24.92 per hour for Communication Specialist.
What is the biggest paycheck from Walmart? ›Highest Paying Jobs At Walmart
The higher paying positions at Walmart include software engineer, co-manager, inventory management specialist, and department manager. A worker with the title software engineer salary at Walmart can earn an average yearly salary of $123,821.
In past years, Publix has come out well ahead on its investments, logging more than $1.3 billion in investment income in 2021 and $975 million in 2020. Earnings tumble aside, Publix's top line results show the company remains a highly relevant shopping destination for inflation-weary consumers.
What is the minimum wage at Publix in Florida? ›Average Publix hourly pay ranges from approximately $10.04 per hour for Cashier/Clerk to $19.00 per hour for Grocery Manager. The average Publix salary ranges from approximately $18,592 per year for Front End Manager to $100,000 per year for Assistant Store Manager.
What is the employee turnover at Publix? ›Turnover here is incredibly low, averaging 5% for full timers and 38% for part timers. Nearly 20,000 employees have worked at Publix for more than 15 years, and one reason they stay is a stock ownership plan that automatically plunks shares into employee accounts at the end of each year.
Who is the richest employer in the world? ›- Apple Inc. ...
- Saudi Aramco (2222.SR) ...
- Microsoft Corp. ...
- Alphabet Inc. ...
- Amazon.com Inc. ...
- Tesla Inc. ...
- Berkshire Hathaway Inc. ...
- Meta Platforms Inc.
Apple once again leads the charge as the most valuable company in the world, ahead of Microsoft and Saudi Aramco. ✔️ In the last year, the market capitalisation of the world's most valuable companies increased by 11% to $35.16 trillion.
Who is the largest employee in the US? ›
- UnitedHealth Group. 350,000 employees | +20,000 from 2021. ...
- Berkshire Hathaway. 372,000 employees | +12,000 from 2021. ...
- Starbucks. 383,000 employees | +34,000 from 2021. ...
- United Parcel Service. ...
- Kroger. ...
- Target. ...
- FedEx. ...
- Home Depot.
Jenkins Barnett sat on Publix's board for 33 years, and spent decades at the helm of the company's foundation. She owned a minority stake in the Florida-based business, the largest employee-owned grocery chain in the U.S., at the time of her death.
How much does Publix CEO make a year? ›Todd Jones, Publix
Other compensation: $209,471, including contributions to deferred compensation and 401(k) plans.
An American Success Story
6, 1930, George Jenkins opened his first store, called Publix Food Store, in Winter Haven. In 1935, he opened a second location across town. He closed these first two stores to open his dream store, the first Publix Super Market, on Nov. 8, 1940.
The stock grants help differentiate Publix, which isn't unionized, from other retailers, says David Livingston of DJL Research, an industry consultant based in Hawaii. “Their wages might be lower than their unionized competitors, but employees know they come out ahead in the long run due to stock bonuses,” he says.
Why is Publix called Publix? ›Publix Food Store
The idea for the name came from a chain of theaters that Mr. George was fond of. He liked the name so he decided to open his own store under the corporation “Publix Food Stores, Inc.” Doors opened on Saturday, September 6, 1930. His little store turned out to be very successful.
Costco is a publicly traded company, while Sam's Club is a subsidiary of Walmart. Costco's membership fees are more expensive, but its prices are slightly lower—thanks in part to its private branded products, such as Kirkland. Costco has more stores worldwide, but Sam's Club has more stores in the U.S.
Who was the longest Publix employee? ›A Publix employee in central Florida is celebrating his 50th year working for the grocery store chain. Larry Delaney is something of a rarity at Publix.
What is Publix motto? ›So in 1954, “Where Shopping is a Pleasure” became the new Publix slogan. But more than that, it was a declaration to customers that our sole purpose is to make their shopping a pleasure.
What state did Publix start in? ›Go back to when it all began.
In the midst of the Great Depression, George Jenkins walked away from the security of a good job to open the first Publix store in Winter Haven, Fla.
What are the requirements to buy Publix stock? ›
To this day, Publix is a privately owned company. Our common stock is not publicly traded on a stock exchange, so it does not have a "ticker" symbol. Only eligible active associates and members of our board of directors can purchase Publix stock during designated offering periods.
Is Publix a union company? ›The stock grants help differentiate Publix, which isn't unionized, from other retailers, says David Livingston of DJL Research, an industry consultant based in Hawaii. “Their wages might be lower than their unionized competitors, but employees know they come out ahead in the long run due to stock bonuses,” he says.
Is Publix deli profitable? ›Aside from being tasty, Publix's subs are delivering sales in a very profitable segment of the store. Deli sales currently account for just under a fifth of total store sales right now, according to Nielsen Fresh, and are one of the major profit centers for retailers right now.
Is Walmart a franchise business? ›You Can't Buy a Walmart in 2022. Unfortunately, you cannot buy a Walmart as of 2022. Walmart is made up of various shareholders which makes Walmart not able to be a franchise. The Walton family still owns over 50% of the company through Walton Enterprises LLC and the Walton Family Holdings Trust.
How long do you have to work at Publix to keep stock? ›How do I purchase stock? Publix associates are eligible to purchase Publix stock after one year of continuous employment. Associates must be actively employed with Publix at the time of purchase and are subject to purchase limits based on their years of continuous employment and employment status.
How much is Publix stock 2023? ›These amounts are based on unaudited financial statements that will be filed today with the U.S. Securities and Exchange Commission and made available on the company's website at corporate.publix.com/stock. Effective May 1, 2023, Publix's stock price increased from $14.55 per share to $14.97 per share.
Is Publix the best company to work for? ›LAKELAND, Fla., April 4, 2023 — Publix has been recognized on Fortune's 100 Best Companies to Work For list for the 26th consecutive year. Publix is 1 of only 4 companies to have been recognized every year since the list's inception in 1998.
How much does a Publix deli manager earn in Florida? ›Average Publix Deli Manager yearly pay in Florida is approximately $59,500, which is 46% above the national average.
Do deli owners make money? ›Yes, owning a deli can be profitable because they can offer a variety of foods, allowing customers to find something they will enjoy. Additionally, a deli in the right location can be a convenient stop for people who are on the go and need to get a meal quickly.
Can you franchise a Costco? ›Unfortunately, Costco is not available to franchise. They are a corporation that owns all of their stores worldwide. But don't let this information stop you from wanting to do business with Costco. You can still invest in this publicly traded company in a variety of ways, including the stock market.
Do franchise owners own the store? ›
A franchise may qualify as a small business vs a corporate owned store. The franchise owner pays the parent company a direct investment along with ongoing royalties to operate under the brand name.
Is Home Depot a franchise? ›Unfortunately, The Home Depot does not franchise its stores, but there are some alternatives that you should consider. The Home Depot was founded in 1978 as a new kind of one-stop shop for home services, combining a hardware store, a plant nursery, and a renovation supply and specialist source in one.