Great Canadian Dollar Store vs MyDollarstore Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Great Canadian Dollar Store vs MyDollarstore including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Great Canadian Dollar Store Franchise
MyDollarstore Franchise
Investment $194,000 - $350,000$95,000 - $298,000
Franchise Fee $19,880$15,000
Royalty Fee 4%4%
Advertising Fee -0
Year Founded 1993-
Year Franchised 1993-
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee -nominal renewal fee


Business Experience Requirements
 
Great Canadian Dollar Store Franchise
MyDollarstore Franchise
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
 
Great Canadian Dollar Store Franchise
MyDollarstore Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Great Canadian Dollar Store Franchise
MyDollarstore Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Great Canadian Dollar Store Franchise
MyDollarstore Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About Great Canadian Dollar Store

With over 125 locations across Canada, Great Canadian Dollar Store has experienced tremendous growth since its founding in 1993 by Bud Walker and Vivian Walker of British Columbia. The business focuses on the retail of low-cost merchandise. Eyes are on expansion for the business, particularly in Ontario. There are only five locations in that province.

"Top

#77 in Canada's Top franchises.




About MyDollarstore

Be independent but not alone. If you’ve imagined running your own business and leaving your job for more independence, putting your valuable experience and skills at work towards your own benefit, exercising your creativity and talent and having an impact on your customers and community, MyDollarstore, Inc. can make those imaginings real. Franchising has become the most popular method for conducting business because you're supported by a network of similar businesses and yet independent.
According to the Houston Business Journal (8-17-2000), franchise sales annually by more than 316,000 Dollar Stores retail units in the USA have surpassed $1 trillion.