My Dollarstore Inc, Franchise was started in 1999 to accommodate the wholesale and retail customers needs and their changing technology and the industry dominated by large corporation. The My Dollarstor headquarters is currently located in Irvine California.
If your decision to become a Franchisee to one of "My dollarstore" you will also be provided with important store information like tracking employee payroll and preparing daily cash reports, state of the art ordering system and new electronic scanning point of sale (POS) register for store operations, accurately and on time.
The dollar stores generally carry between 3,000 to 5,000 different merchandise items. In the past Rex Mehta says without a POS it is virtually impossible for stores to track individual items in their inventory. You will not believe everything sells for a single price like a $1.00, and how nice the stores are.
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Dollar Store Franchises
For more information on owning a My Dollarstore franchise, please visit the official My Dollarstore 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 My Dollarstore 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.
My Dollarstore 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, My Dollarstore 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 My Dollarstore 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.
By following the franchisor's business practices and offering products that meet the company's standards, My Dollarstore franchisees can consistently provide customers with quality goods and services. In the United States the Federal Trade Commission (FTC) and certain states can decide if a franchise is acting as a franchisor. If so, they regulate the activities of the franchisor, as to marketing and sales, and distribution of required disclosure information (Offering Circular aka UFOC) about the franchise to prospective purchasers. Certain other countries have similar regulations. Research has shown that the success rate of new franchisees is much higher than that for other new business start-ups.
Please Note: My Dollarstore, 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.
