Mom and Pop


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Mom and Pop

1. Describing a small business, usually run by a family with few or no other employees. Prices at mom and pop businesses are usually unable to compete with large retail corporations, but they generally have a reputation for providing individualized service.

2. Describing an investor who does not invest for his/her primary income. Mom and pop investors are usually seeking to supplement their incomes or save for retirement.
References in periodicals archive ?
The convenience or mom and pop stores market consists of sales of goods and some services through convenience or mom and pop stores by entities (usually sole traders or partnerships but in some cases organizations) that provide the retail service of supplying food, toiletries and other daily 'necessities' to ultimate users through conveniently located small stores.
Western Europe was the largest region in the global convenience, mom and pop stores market, accounting for 40% of the market in 2018.
After a day walking around the neighborhood, mom and pop and I decided it was time for something to eat.
If mom and pop have a great business, they will succeed.
Losing these mom and pop forests would mean more than just a change in the way our land-scape appears.
"Mom and pop might be selling phone cards today as opposed to selling green beans," he said.
As a result of the Mom and Pop renewal trend, it has been difficult for new tenants to enter the New York retail market; however, there is always space to be found if a tenant is willing to be flexible and open minded.
With today's powerful economy it is likely that today's Mom and Pop Stores will continue to fair well in the locations they have leased and call their business home.
Jack Taylor, a member of Board 6, said he's concerned the plan could be the deathknell for so-called mom and pop stores.
The first quarter of '93 brought a state of flux for retailers, and property owners saw many of their tenants, both chain stores as well as Mom and Pop stores, close their doors.
These giant retail units will bring shoppers out and breathe new life into smaller chains and Mom and Pop stores.
These rules also allow unqualified appraisers to value commercial property under $250,000, which endangers small businesses and 'mom and pop' operations."