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Updated RecentlyDollar Chest vs MyDollarstore Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Dollar Chest vs MyDollarstore including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $270,000 - $552,000 | $95,000 - $298,000 |
| Franchise Fee | $25,000 | $15,000 |
| Royalty Fee | - | 4% |
| Advertising Fee | - | 0 |
| Year Founded | 2006 | - |
| Year Franchised | 2006 | - |
| Term Of Agreement | - | 10 years |
| Term Of Agreement | - | 10 years |
| Renewal Fee | - | nominal renewal fee |
Business Experience Requirements |
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| 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 |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | Yes | - |
| International Expansion | Yes | - |
Company Overviews
About Dollar Chest
Dollar Chest, is a Canadian retail Franchise of top quality and extreme value dollar stores, offering consumers Cleaning supplies, Disposables, Health and Beauty, Plastic wares, Household, Home Decors, Kitchen, and accessories, Picture Frames, Hardware, Electronics, Lighting, Stationary, Candies, Snacks, Beverages, Party Supplies, Novelties, Gifts, Pet Supplies, Outdoor products, Foods and all basic home and household accessories, all at a unique price of one dollar.
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.