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Updated RecentlyYour Dollar Store With More vs Dollar Store Services Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Your Dollar Store With More vs Dollar Store Services 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 | $51,900 - And Up |
| Franchise Fee | $20,000 | N/A |
| Royalty Fee | 4% | - |
| Advertising Fee | - | - |
| Year Founded | 1998 | - |
| Year Franchised | 1998 | - |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $2K | - |
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 | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | 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 | Training is designed to ensure that each new owner is familiar with the many aspects of managing their store. This experience begins before and continues well after the store's opening. Your trainer will be in contact with you both before and after the store has opened. This training will include a full review of a comprehensive operations manual and related materials designed to aid you in operating your store on a day-to-day basis. Both classroom and onsite training are available, and encouraged, prior to the opening of the store. |
| 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 |
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| 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:
- 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 Store Services
THIS IS NOT A FRANCHISE
THIS IS A BUSINESS OPPORTUNITY
North America's Largest Developer of Dollar & Dollar Plus Stores.Dollar Store Services offers you the best business opportunity to become a DOLLAR OR DOLLAR PLUS STORE OWNER Complete turnkey from $51,900
At Dollar Store Services, Inc., we help create business opportunities for entrepreneurs such as you. Our goal is to help you open a dollar or a dollar plus store. Dollar Store Services, Inc. is the most economical and largest developer of the finest high image dollar and dollar plus stores to be found anywhere.
We offer a total comprehensive package, which covers every pertinent aspect of opening and running a retail business long term. We assist in finding your new dollar store location, help negotiate the lease, perform the store design and layout, do the physical build out, help you to secure financing as well as provide ongoing support. We supply all dollar store merchandise, fixtures, equipment along with the work crew to open the store, and we do it quickly and professionally.
Merchandise From Our Quality Suppliers Network: The long term success of any store revolves around merchandise. In our business, the value, variety and amount of new merchandise you provide customers are three critical variables that will determine how successful you are, and this is where we excel!
Our merchandise is provided through a vast network of suppliers, both importers and domestic closeout companies. We travel to personally see each of our suppliers on a regular basis where we inspect new dollar store merchandise to assure high value and quality, and to review hot, new merchandise. Then, we negotiate rock-bottom prices on behalf of our network.
This is NOT a dollar store franchise. You are the owner of the store and everything in it. You have 100% control over all aspects of your business. Since we are NOT a franchise there are no ongoing royalties or fees, but you do receive ongoing customer service support and access to the purchasing network which are the main benefits of a franchise. From the beginning you have total control over all decisions regarding the store, including site location, store layout, timing of opening, merchandise, advertising, marketing, your store name, etc.Dollar Store Services is offering you the best business opportunity to become a DOLLAR STORE OWNER. Why buy a dollar store franchise when you can be an independent owner?
Right now is the best time to start a dollar store as the majority of
shoppers are seeking the best possible value for their budgets.
Shoppers have migrated from the large grocery chains for everything
other than perishable items like milk, meat and eggs. Dollar stores
sit in prime position to provide great every day items such as national
brand cleaning products, bathroom and kitchen cleaners, personal
grooming items like soap, hair products and many other personal items.
In a recent Supermarket News survey one respondant reported that
"Dollar stores are capturing paper products and cleaning products
away from supermarkets, especially in small markets." Snack and food
items are also extremely popular at the dollar price point. Balloons,
toys, holiday decorations, reading glasses and other popular ancillary
items are also a large factor in the popularity of dollar stores.