Your Dollar Store With More vs MyDollarstore Franchise Comparison

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

Start-Up Costs and Fees
 
Your Dollar Store With More Franchise
MyDollarstore Franchise
Investment $60,000 - $200,000$95,000 - $298,000
Franchise Fee $20,000$15,000
Royalty Fee 4%4%
Advertising Fee -0
Year Founded 1998-
Year Franchised 1998-
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee $2Knominal renewal fee


Business Experience Requirements
 
Your Dollar Store With More 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
 
Your Dollar Store With More Franchise
MyDollarstore Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
Your Dollar Store With More Franchise
MyDollarstore Franchise
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-
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.-
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)

-

Expansion Plans
 
Your Dollar Store With More Franchise
MyDollarstore Franchise
US Expansion --
Canada Expansion No-
International Expansion Yes-

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:

Work for yourself but not by yourself!  100% Canadian Owned and Operated!

"Top
#81in 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.