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.
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Dollar Store Franchises
For more information on owning a 10 Below franchise, please visit the official 10 Below website here.
Franchising Tips and Facts
As a franchisee, you may want to know... can I own more than one 10 Below franchise? Franchisors often sell area or master franchises within a certain specified territory. These are of course costly. If you own a single 10 Below franchise and are successful, then if there is an opportunity to develop in another and the territory is available, then the franchisor will usually be pleased to sell you another franchise for the new location.
How much does a 10 Below Franchise cost? Generally the costs associated with buying a franchise can vary considerable, depending on some of the following factors. Some costs that can affect the bottom line are, real estate, inventory, training, marketing, franchise fees, and development costs. The 10 Below UFOC should outline these costs, and give you detailed information on how much it will cost you.
Ultimately the success of owning a 10 Below Franchise can be determined by such factors as your franchise territory, site location, and your individual efforts and commitment to following the system. While you will be your own boss, when owning a 10 Below franchise you will not be "on your own". The franchisor will have also committed to fulfill their promises to you as stated in the franchise agreement.
According to the Small Business Administration, less than 5% of all franchise units fail each year. This is compared to 30 to 35 percent of small businesses which fail within the first year of operation. However, owning a 10 Below franchise is not a guaranteed recipe for success. You will still have to commit yourself, your time, and perhaps even make some personal sacrifices in order to succeed.
Sometimes, franchises fail because the franchise buyers do not adequately research franchise opportunities prior to purchase. If you are interested in a 10 Below Franchise Opportunity, then you should do your homework. Try to match your personal attributes and interests to activities associated with the business opportunity you are interested in. If your personality and interests, don't match, you may want to consider a different franchise.
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
DialyFranchises.com. As always, we recommends seeking the advice of a lawyer, financial consultant or
accountant before purchasing a franchise or business opportunity.
