Leticia Vindas wrote in Elfinancierocr.com: "In addition to the construction, PriceSmart made an alliance with an entity controlled by Costa Rican entrepreneurs to jointly acquire and operate a shopping center adjacent to the new location with each owing 50%."
An average of 20% annual increase in sales has been reported by companies specializing in the distribution of food and beverages in bulk.
The market of wholesalesupermarkets in Costa Rica continues to grow, mainly driven by the opening in recent years of convenience stores, bakeries, 'sodas' (small low end restaurants), restaurants and hotels. Some establishments have reported an average annual growth of 20% in sales.
The Pricesmart chain has started construction of its second supermarket in Managua, whose start of operations is planned for November this year.
The new wholesale store will have an area of 27 000 m2, of which 5000 will be for sale areas and 9000 for warehouses, administrative offices and other areas.
Jose Luis Marin, vice president of marketing and membership, told Laprensa.com.ni that "...The parking lot will accommodate three hundred vehicles and the remaining area will also include green areas, a tire center and fast food sector, which will be open to the general public, including those who are not members. "
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We service our customers by helping them in all aspects of the process of establishing businesses in CA also we provide them with business opportunities in the Financial, Comercial and Real estate sectors.
Operates in Costa Rica
Phone: (506) 2272 9650 - (506) 8845 5439
The Central American Business Council is a London-based organisation which is working to increase significantly the current levels of trade and investment between the UK and Central America.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Central America and Dominican Republic
Phone: (0044) 207 583 8739