The Costco Business Centre caters to the small business owner looking to stock up on snacks and beverages, restaurant-grade food, utensils and dishes or bulk food ingredients intended for the foodservice industry. It strips out what’s become regular Costco mainstays, such as toys, clothing, a pharmacy and even a cafeteria. In fact, 80-90 per cent of products found at the Business Centre won’t be available at regular stores.
“We have very big hopes that this concept will please our members,” said Marc-André Bally, vice-president of Costco Wholesale Business Centre at Costco Wholesale Canada, in an interview with BNN. “We hope to be in all major Canadian cities where we have a good Costco presence.”
The first Costco Business Centre opened on Friday in Scarborough. If there’s enough demand, the company plans to roll out more centres across the country, possibly within the next three to five years.
Costco currently has 95 locations across Canada, with nearly 10 million people holding Costco memberships – a higher per capita penetration rate than in the United States.
“We’re essentially going back to our roots, how we started in Canada,” said Bally. “We hope to attract a lot of restaurants, convenience store owners who, over the years, we weren’t serving very well.”