Dollar World vs MyDollarstore Franchise Comparison

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

Start-Up Costs and Fees
 
Dollar World Franchise
MyDollarstore Franchise
Investment $99,000 - $150,000$95,000 - $298,000
Franchise Fee $15,000$15,000
Royalty Fee 3%4%
Advertising Fee -0
Year Founded 1997-
Year Franchised 2003-
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee $500nominal renewal fee


Business Experience Requirements
 
Dollar World Franchise
MyDollarstore Franchise
Experience
  • General business 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
     
    Dollar World Franchise
    MyDollarstore Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Dollar World Franchise
    MyDollarstore Franchise
    Training --
    Support Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-op advertising, Ad slicks-
    Operations

    Number of employees needed to run franchised unit: 6

    Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Dollar World Franchise
    MyDollarstore Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Dollar World

    NO LONGER FRANCHISING

    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.