28-Year-Old Donta Rose Opens $5M Grocery Store in Philadelphia
28-year-old Donta Rose opened his own Grocery Outlet grocery store in worth $5 million within a new development in his former neighborhood in Philadelphia, Pennsylvania.
Rose graduated at Morgan State University, and was originally one of the engineers working to design stores for Grocery Outlet, a California-based retailer that owns 400 stores nationwide. After seeing his old neighborhood in the Sharswood section of North Philadelphia is on the list of future store locations. Rose thought it was a good idea to own a grocery store in the area.
Rose then used his savings and got a loan to buy a franchise of the store according to The Philadelphia Inquirer. When he opened the store, there has been no major grocery stores in that area the 1960s and the closet one was almost a mile away.
Rose started helping his grandparents’ business when he was just 9 years old.
“My name is on the loan and my face might be on there [in-store signage], but my mom is going to be with me,” he said. “My dad is actually out running right now to go pick up a safe for me and helping to grab stuff for the opening. My sisters are with me. So it’s definitely going to be a family business, for sure.
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