Start-Up Costs and Fees |
||
| MyDollarstore | Dollar Discount Stores | |
| Investment | 95000 - 298000 | 99000 - 195000 |
| Franchise Fee | ||
| Royalty Fee | 4% | 3% |
| Advertising Fee | 0 | |
| Year Founded | 0 | 1982 |
| Year Franchised | 0 | 1987 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| MyDollarstore | Dollar Discount Stores | |
| Experience | Generally, good management skills, good people skills and good team building skills combined with the drive to succeed and a passion for delivering uncompromising customer service are valuable in managing a My Dollar Store | |
Financing Options |
||
| MyDollarstore | Dollar Discount Stores | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| MyDollarstore | Dollar Discount Stores | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Ad slicks | |
| Operations | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 7 Absentee ownership of franchise is allowed. (99% of current franchisees are owner/operators) | |
Expansion Plans |
||
| MyDollarstore | Dollar Discount Stores | |
| US Expansion | Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| MyDollarstore | |
| Dollar Discount Stores | |
| Franchise Fee | |
| MyDollarstore | |
| Dollar Discount Stores | |
| Royalty Fee | |
| MyDollarstore | 4% |
| Dollar Discount Stores | 3% |
| Advertising Fee | |
| MyDollarstore | 0 |
| Dollar Discount Stores | |
| Year Founded | |
| MyDollarstore | 0 |
| Dollar Discount Stores | 1982 |
| Year Franchised | |
| MyDollarstore | 0 |
| Dollar Discount Stores | 1987 |
| Term Of Agreement | |
| MyDollarstore | 10 years |
| Dollar Discount Stores | 10 years |
| Renewal Fee | |
| MyDollarstore | nominal renewal fee |
| Dollar Discount Stores | 33% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| MyDollarstore | Generally, good management skills, good people skills and good team building skills combined with the drive to succeed and a passion for delivering uncompromising customer service are valuable in managing a My Dollar Store |
| Dollar Discount Stores | |
Financing Options |
|
| Franchise Fees | |
| MyDollarstore | |
| Dollar Discount Stores | |
| Start-up Costs | |
| MyDollarstore | |
| Dollar Discount Stores | |
| Equipment | |
| MyDollarstore} | |
| Dollar Discount Stores | |
| Inventory | |
| MyDollarstore | |
| Dollar Discount Stores | |
| Receivables | |
| MyDollarstore | |
| Dollar Discount Stores | |
| Payroll | |
| MyDollarstore | |
| Dollar Discount Stores | |
Training & Support |
|
| Training | |
| MyDollarstore | |
| Dollar Discount Stores | |
| Support | |
| MyDollarstore | |
| Dollar Discount Stores | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| MyDollarstore | |
| Dollar Discount Stores | Ad slicks |
| Operations | |
| MyDollarstore | |
| Dollar Discount Stores | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 7 Absentee ownership of franchise is allowed. (99% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| MyDollarstore | |
| Dollar Discount Stores | Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | |
| MyDollarstore | |
| Dollar Discount Stores | 0 |
| International Expansion | |
| MyDollarstore | |
| Dollar Discount Stores | |