Grocery Outlet Bargain Market has opened a new location in Winnetka. The store has created about 25 jobs, according to the company.

Grocery Outlet, based in Emeryville, operates by purchasing bulk closeouts and excess inventory from name brand food manufacturers, then selling them to the public for below retail value. With more than 350 locations throughout Washington, Oregon, California, Nevada, Idaho and Pennsylvania, it is one of the largest budget banners in the grocery industry.

The Winnetka outlet at 19718 Sherman Way opened Thursday. It is run by local independent owner-operators Walter Calderon and Martha Campos.

“We are overjoyed to be a part of the Winnetka community and be able to provide big savings on quality groceries,” said Calderon and Campos in a joint statement. “This partnership with Grocery Outlet gives us the ability to grow our business, create new jobs and more importantly, give back to our local community.”

In celebration of the opening, the store is giving away $1,200 in groceries through a free raffle. Participants may enter their contact information online before July 30. The winner will be selected July 31. The prizes will be 24 gift cards worth $50 each, valid only at the Winnetka Grocery Outlet.

Grocery Outlet has additional Valley locations in Sun Valley, Burbank, Camarillo, Moorpark, Oxnard, Simi Valley and Ventura.