|
Below is an in-depth analysis and side-by-side comparison of Dollar Discount Stores vs Dollar Blitz including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $99,000 - $195,000 | $175,000 - $275,000 |
Franchise Fee | $18,000 | N/A |
Royalty Fee | 3% | 3% |
Advertising Fee | - | 1% |
Year Founded | 1982 | 2001 |
Year Franchised | 1987 | 2001 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 33% of current franchise fee | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
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 |
||
Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Ad slicks | - |
Operations |
10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 7
Absentee ownership of franchise is allowed. (99% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
Paul Cohen opened the first Dollar Discount Store in Delaware County, Pennsylvania, in 1982. With the help of his family, who had about 40 years of retail experience, he expanded the company into a chain, then began franchising in 1987. Each Dollar Discount Store offers a variety of products, including toys, paper goods, snacks and school supplies, for $1. Stores can also sell more expensive items ranging in price from $1 to $15.
Dollar Blitz is a retail franchise company that operates a chain of
franchised "dollar" stores throughout North America. Unlike most of the
other major players in the industry, Dollar Blitz operates "true" dollar
stores, meaning their entire product line retails for only $ 1.00.
Dollar
Blitz opened its first store in November 2001 and it now has 30 stores
in operation and another 60 stores under development, Dollar Blitz is
becoming a major player in the dollar store industry.