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Updated RecentlyYour Dollar Store With More vs Dollar World Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Your Dollar Store With More vs Dollar World including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $60,000 - $200,000 | $99,000 - $150,000 |
| Franchise Fee | $20,000 | $15,000 |
| Royalty Fee | 4% | 3% |
| Advertising Fee | - | - |
| Year Founded | 1998 | 1997 |
| Year Franchised | 1998 | 2003 |
| Term Of Agreement | 10 years | 5 years |
| Term Of Agreement | 10 years | 5 years |
| Renewal Fee | $2K | $500 |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/Yes |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | The information new franchisees receive in the first two weeks of opening their store can be overwhelming and daunting. To ensure that you don’t miss a beat and that you prioritize your day to day activities, we have developed a check list as a reminder to help you stay on track. In this module you can conveniently review information on staffing, ordering, merchandising, inventory, accounting procedures, supplier information and more | - |
| Support | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | For a business to be success in today's marketplace, it's important to engage customers through various forms of marketing. Your Dollar Store with More has established a Your Local Marketing Plan (YLMP) to ensure that franchisees are actively marketing their store by assisting them with their marketing decisions. A Marketing Director oversees the Your Local Marketing Plan from Head Office and his role is to maximize the YLMP contributions to their full potential. The YLMP is built on a 1/2% royalty of sales, which is a small fraction of what most businesses spend on marketing. These funds are invested directly back into your community through a targeted flyer program as the foundational marketing tool. This is a good foundational base for franchisees to build upon. Additional marketing activities could includes team sponsorships, store signage, newspaper or radio ads, magazine ads, cloth reusable shopping bags, etc., all of which qualify for reimbursement under the YLMP. YLMP Targeted Flyer Program - A four page, full colour flyer is produced three times a year to expose the various departments and products found in a Your Dollar Store with More. The printing and distribution of your flyer is covered by your 1/2% National Advertising Fund royalty. You simply order the flyer product and set-up your store displays. Flyers are shipped to you market and distributed through the most cost effective medium. Additional Marketing Support - Additional marketing support is available to assist you in actively marketing your store into your community. Graphic design of newspaper ads and other print support materials, along with radio support, cross promotional ideas, event planning and other marketing tactics are developed and stored on the "media vault" located in the secured franchisee area of the website. Grand Opening Ad - designed to generate store traffic and create excitement and awareness around the Grand Opening of your new store. All aspects of your Grand Opening will be coordinated, including contact with media, design of your ads and promotional offers for your customers. Newspaper Advertisement - pre-designed newspaper ads are available to help promote the various departments of Your Dollar Store with More. These ads are easy to customize, allowing you control over the products promoted and incentives offered to your customers. Your Dollar Store with More Radio Jingle - also known as a musical identity, is used to increase the impact of radio advertising for our franchisees. Assistance is also available for planning and purchasing any radio commercials to ensure you get the most impact for your investment. | Co-op advertising, Ad slicks |
| Operations |
17% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 12
Absentee ownership of franchise is allowed. (97% of current franchisees are owner/operators) |
Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
Company Overviews
About Your Dollar Store With More
Some of the unique differences that you will find with the Your Dollar Store with More franchise:
- Individual care is given to every franchisee and a sample proforma is produced to help you determine an estimated sales potential of your new store.
- The franchise fee of $20,000, royalties of 4%, and the overall start-up costs, are among the lowest in the industry.
- Twenty years of experience to assist with site selection and lease negotiations.
- You receive a complete store design featuring wider aisles, professional merchandising and a clean, bright environment that customers enjoy.
- Your opening order inventory package will be comprised of top selling items as determined by data derived from our centralized POS system.
- With franchise-wide sales of over $100,000,000. all franchisees have access to volume buying power..
- On-going training and assistance are available.
- You will have access to over 150 years of combined retail, business, marketing and technology experience from the staff at Head Office.
- Your Dollar Store with More is one of the only dollar store chains that operates a Local Marketing Plan.
Work for yourself but not by yourself! 100% Canadian Owned and Operated!
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#81in Canada's Top franchises.
About Dollar World
NO LONGER FRANCHISING