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Piggly Wiggly

Piggly Wiggly

The total investment to open a Piggly Wiggly franchise ranges from $340,450 to $596,200. The initial franchise fee is $30,000. Ongoing royalties are 4% plus a 2% advertising fee.

What is the Piggly Wiggly franchise?

Piggly Wiggly was founded in Memphis, Tennessee, by Clarence Saunders on September 6, 1916, although some historical accounts cite 1919. It pioneered self service grocery shopping by allowing customers to select their own goods instead of relying on clerks. The format was patented and quickly franchised to hundreds of grocery retailers nationwide. Today, the brand consists of independently owned and operated stores, with approximately 530 locations across the United States. Other reports cite more than 500 locations in 18 states or more than 600 stores in 17 states. Operations are concentrated mainly in the South and Midwest. The Supermarkets & Grocery Stores category generated $656.0 billion in revenue in 2020 and is projected to reach $1.81 trillion by 2026 and $2.47 trillion by 2030. Piggly Wiggly operates in an essential retail category with established community recognition and a renewed expansion strategy.

The US Supermarkets & Grocery Stores industry generated $656.0 billion in 2020 after a 0.5% increase that year. The market was projected to reach $1.68 trillion in 2025, $1.81 trillion in 2026 at a compound annual growth rate of 7.7%, and $2.47 trillion in 2030 at a compound annual growth rate of 8%. Demand is supported by recurring purchases of food and household necessities. Consumer preferences generally favor convenient, value focused services and trusted local brands. Other relevant trends include local shopping and the reuse of existing retail space. The industry includes large national chains and many independent operators, while access to properties from larger chain divestitures has supported Piggly Wiggly conversions. Food and household demand gives the category a resilient operating base.

Opening a Piggly Wiggly location requires an initial investment of $1,404,000 to $4,857,000. Other reported ranges are $1,335,080 to $4,408,800 and $1,239,960 to $4,408,600. The midpoint of the broadest range is approximately $3,130,500. There is no initial franchise fee, while continuing license fees are based on gross sales. Total costs vary according to store type, location, and whether the property is leased or purchased. Store Layout Plans cost $5,000 to $10,000. Equipment and Improvements are estimated at $950,000 to $3,200,000, and Opening Inventory at $350,000 to $1,200,000. Miscellaneous Opening Costs are $10,000 to $50,000, Insurance is $25,000 to $70,000, and Pre opening Advertising is $10,000 to $20,000. A Market Analysis Charge is $4,000 to $7,000 per analysis. Additional Funds for the first three months are estimated at $50,000 to $300,000. One source cites a minimum cash requirement of $1,404,000, while another cites $1,179,960. The source material therefore indicates that candidates should have more than $1 million in liquid assets. Working capital is estimated at $50,000 to $300,000. C&S Wholesale Grocers, headquartered in Keene, New Hampshire, provides corporate and supply support.

Franchisees operate self service grocery stores and manage inventory, staffing, customer service, and local marketing. More than 30 Winn Dixie locations have been converted into Piggly Wiggly Food for Less stores, with more than 400 local jobs expected from those locations. Store formats vary, as shown by conversions of Winn Dixie, BI LO, and Save A Lot stores across the Southeast. Training information differs by source. Some reports state that no formal program exists today or report an initial program of 0 hours, while others describe an initial program lasting two weeks at Piggly Wiggly headquarters. The brand is also described as providing operational procedures, product knowledge, marketing materials, launch assistance, and ongoing administrative support. Its program may give independent grocers access to financial and administrative resources that would otherwise be costly. C&S Wholesale Grocers supports the supply chain and product logistics. Expansion opportunities are specifically noted in the Mid Atlantic region. Suggested locations have 15,000 to 50,000 people within a 3 mile radius, limited competition from large national grocery chains, and stable household incomes. The examples of Cody McDaniel, co owner and operator of Piggly Wiggly Food for Less, and other independent grocers indicate that active owner operators are common.

The broader industry generated $656.0 billion in 2020 and is projected to reach $2.47 trillion by 2030. Those figures come from a different period but show the scale the brand previously achieved. The current network of approximately 530 locations and recent expansion activity provide context for evaluating the model, but they do not replace unit level financial disclosure. More than 30 Winn Dixie locations are being converted into Piggly Wiggly Food for Less stores, while BI LO and Save A Lot stores have also been acquired for conversion. These projects involve C&S Wholesale Grocers and independent franchisees and require a substantial operating footprint. More than 400 local jobs are expected from the new Piggly Wiggly Food for Less stores. The lack of disclosed margins means performance will depend on management, local market conditions, and cost control.

The brand was initially franchised in the 1960s after a period of corporate division. C&S Wholesale Grocers acquired the remaining locations in 2003 after Fleming Cos. filed for bankruptcy. The current network includes approximately 530 locations across the United States. The total branded store count is reported at more than 500, while 2020 FDD data listed 86 franchised locations, primarily in Illinois and Wisconsin, down from 90 in 2015. Franzy reports 96 franchise units with operations dating back to 1949. Piggly Wiggly Food for Less has expanded in the Southeast, including Wetumpka and Montgomery in the Alabama River Region, Sandersville and Eastman in Georgia, and Havana, Florida. More than 30 Winn Dixie locations sold by Southeastern Grocers are being converted. In late 2020 and early 2021, independent owners acquired one BI LO store in South Carolina and another in Georgia with support from C&S Wholesale Grocers, bringing C&S service to 55 Piggly Wiggly locations in South Carolina and Southeast Georgia. In Texas, one independent grocer is converting two Save A Lot stores and preparing a third. These conversions use existing retail properties to extend the brand into new markets.

A prospective franchisee needs substantial liquid capital, with a stated minimum of $1,404,000 and guidance to have more than $1 million available. Retail, grocery, and multi unit management experience may be useful, although the source does not state a specific industry requirement. Full service grocery operations generally favor owner operators who participate in daily management and community engagement. The expansion of Piggly Wiggly Food for Less and the conversion of several stores by independent grocers indicate capacity for multi unit development. Market opportunities are specifically identified in the Mid Atlantic region, beyond the traditional Southern and Midwestern concentration. Suitable locations are described as having 15,000 to 50,000 residents within a 3 mile radius, limited competition from large national grocery chains, and stable household incomes. Former Winn Dixie, BI LO, and Save A Lot locations illustrate the brand's approach to securing established retail sites that fit its target markets.

Piggly Wiggly combines a history that began with the self service model in 1916 with current expansion supported by C&S Wholesale Grocers. The broader Supermarkets & Grocery Stores market was valued at $656.0 billion in 2020 and is projected to reach $2.47 trillion by 2030. Approximately 530 current locations and conversions involving Winn Dixie, BI LO, and Save A Lot show an active strategy for entering additional markets. PeerSense provides independent franchise research, including SBA lending history, a Loan Activity Score of 61, rated Moderate, location maps with Google ratings, FDD financial data, and side by side comparison tools. PeerSense introduces franchise buyers to SBA and conventional lenders but is not a lender.

Loan Activity Score

61/100

SBA Default Rate

8.7%

Active Lenders

35

According to its Franchise Disclosure Document or public business records, Piggly Wiggly has 55 locations, all owned by franchisees. Public SBA loan records show 35 lenders made 69 loans to franchisees of Piggly Wiggly. PeerSense calculates Piggly Wiggly's score as 61 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2026 Franchise Disclosure Document.

Franchising since 1949 · 55 locations

Investment

$340,450 to $596,200

Franchise Fee

$30,000

Total Units

55

55 franchised

Loan Activity Score
Very high
61
SBA Lending
25
Lender Quality
11
Transparency
8
Reach
7
Momentum
10

Proprietary PeerSense metric

Moderate
Capital Sources
35SBA lenders

Distinct lenders in public SBA records for Piggly Wiggly

69

Total SBA loans

$729K

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

Referral fee at closing

SBA Lending Activity for Piggly Wiggly

Loan Activity Score Breakdown

Established (25 to 99 loans)

Very High Confidence
61out of 100
Moderate
Market Momentum10/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety25/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence11/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency8/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint7/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

8.7%

vs 9.4% peer avg

SBA Loans

69

Total Volume

$50.3M

Active Lenders

35

5 selective

States

12

vs. SBA Sector Average

+0.7%lower default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

Low SBA default rate (8.7%)
Item 19 financial data disclosed

Data Insights

Key performance metrics for Piggly Wiggly based on SBA lending data

SBA Default Rate

8.7%

0.7% below peer avg

SBA Loan Volume

69 loans

Across 35 lenders

Lender Diversity

35 lenders

Avg 2.0 loans per lender

Investment Tier

Significant investment

$340,450 to $596,200 total

Payment Estimator

Loan Amount$272K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$3,524

Principal & Interest only

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Locations

Piggly Wiggly, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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Piggly Wiggly

Page Review

Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense

  • PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
  • Edward L. Freeman founded PeerSense in January 2020.
  • He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
  • His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
  • In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page

Last reviewed LinkedIn profileAbout Edward Freeman