10 Below began in 2006 when Extreme Retail (Canada) Inc, saw a niche market that no one else was servicing. The innovative idea has spurred massive growth for the company, which also owns the Buck or Two franchise.
10 Below is the evolution of Dollar Stores. At 10 Below, nothing costs more than $10. 10 Below is taking the lead in what is quickly becoming one of the biggest sectors in the retail industry by capturing some of the billions of dollars that are spent annually $1 to $10 at a time. Opportunities are available nationwide.
Related Franchise Categories
Dollar Store Franchises
For more information on owning a 10 Below franchise, please visit the official 10 Below website here.
Franchising Tips and Facts
Investigate earnings claims. If a franchisor makes earnings claims, they are required to have in writing the facts upon which those estimates are based. A seller must tell you the number and percentage of owners that have actually met the claimed profit margins. Beware of broad and unsubstantiated claims.
In addition to the initial investment required for a 10 Below Franchise, you will also need money to sustain yourself, and the business, until it becomes cash positive. Remember, too, that projections may not be accurate. Market conditions can change and if it takes longer than originally anticipated for the new business to reach breakeven, you'd should have some emergency funds set aside, or it could mean the demise of an inherently sound business.
10 Below franchises offer the franchisee a license or right to sell its goods or services and/or use its business techniques. The franchisees usually pay an initial fee to acquire this right, and thereafter pay a percentage of their gross sales to the franchisor throughout the term of their franchise contract. In return for these payments, 10 Below franchisees gain priveleges, including the right to sell a proven and recognized product or service, to use the franchisor's business practices, and to receive initial training and ongoing support.
One of the reasons you may be considering a 10 Below franchise opportunity is brand recognition. With well known established brands, you don't have to work as hard to build brand awareness because a lot of that work has already been done by the franchisor and other franchisees. A good brand is immediately familiar in consumers' minds. To the consumer, brand equals the company's reputation.
Please Note: 10 Below, and other
franchise opportunities, business opportunities,
businesses and franchises listed on this web site are not to be
considered as an "offering," suggestion or approval by
DailyFranchises.com. As always, we recommends seeking the advice of a lawyer, financial consultant or
accountant before purchasing a franchise or business opportunity.
