Start a Dollar Store Services Opportunity, 2024 Costs & Fees (2024)

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Start a Dollar Store Services Opportunity, 2024 Costs & Fees (1)

Do you want to own a popular retail business that is always in high demand? The Dollar Store Industry is a $60 BILLION DOLLAR BUSINESS, and is growing every year! As the largest developer of dollar stores in the country, our unparalleled experience, proven business model, supplier network and comprehensive training and support programs give you all of the tools you need to succeed! Complete Turnkey from $87,900! Contact us today!

What Does a Dollar Store Services Opportunity Cost?

To buy an opportunity with Dollar Store Services, you'll need to have at least liquid capital of $40,000. Owners can expect to make a total investment of at least $87,900. They also offer financing via 3rd party as well as a discount for veterans (10%). *

Requirements

Financial requirements for this opportunity:

Liquid Capital: $40,000
What does Liquid Capital mean?
Total Investment: $87,900
What does Total Investment mean?
Misc. Costs: Minimal Working Capital Required

Options

Options available to owners:

Financing: Via 3rd party
Training: Available
Veteran Discount: 10%
Misc. Options: Lenders can often secure 100% financing, including working capital

Company Details

Facts about this opportunity:

Total Units: 4000
Year Founded: 1992

North America's Largest Developer of Dollar, Dollar Plus, $1, $2, $3, Big Box Stores, and our 99 Cent Neighborhood Market. Our $1, $2, $3 Store is unique in every market!

Become A Dollar Store Owner From $87,900

We are the largest developer of the finest high image, independently owned dollar and dollar plus stores in North America, with over 4,000 stores opened since 1995. At Dollar Store Services, Inc., we help create business opportunities for entrepreneurs just like you. Our goal is to help you open a Dollar, Dollar Plus, $1, $2, $3 store, Big Box Stores, or 99 Cent Neighborhood Market. Dollar Store Services, Inc. is the most economical and largest developer of the finest high image dollar and dollar plus stores to be found anywhere.

We offer a 100% turnkey package, offering 7 key services that cover every pertinent aspect of opening and running a retail business long term. WE provide financing assistance, in-house site location and lease negotiation service, the complete store design and complete set up of your store (including all fixtures, interior signage, equipment, labor and merchandise). We provide comprehensive training, a membership in our supplier network that will save you 20%-25% on the cost of merchandise, and the best long term support in the retail industry for the life of your business.

Finance Assistance

Financing Assistance

The DSS team of experienced funding professionals has access to a variety of financing options, both conventional and unconventional. Signature loans, SBA loans, hard asset loans, the ability to borrow against a secured CD, and retirement account rollovers are just a few of the options available through our network of independent lenders and brokers. Because of our experience and relationships with lending agencies, we know precisely what they are looking for. This also means that, in most instances we know how to cut through any red tape in a timely manner. The best part? The process is practically hassle-free for you - everything is coordinated by our experienced funding staff.

How Does Financing Work?

100% financing including working capital is available on approved credit. For many DSS clients, the initial financing package covers the entire cost of opening their store - and includes working capital! Your funding advisor will review your financial profile and make recommendations as to the most cost-effective lending options available. Our team will assist you in preparing a detailed business plan should you need one - some lenders require one - at no additional cost. And of course we will provide whatever level of assistance you may require as we work through the funding process together.

Start-up working capital can be an important boost during those crucial first months - by freeing ownership during to completely laser-focus on developing and running a successful business.

Never assume that you cannot secure financing--our lenders obtain funding every day for clients that made that assumption ! If you require some credit repair, we have a resource that can do that for you at a nominal cost--often, they can even remove bankruptcies !

Merchandise From Our Quality Suppliers Network:

The long term success of any store revolves around merchandise. In our business, the value, variety and amount of new merchandise you provide customers are three critical variables (along with name brand products) that will determine how successful you are, and this is where we excel!

Our merchandise is provided through a vast network of suppliers, both importers and domestic closeout companies. We travel to personally see each of our suppliers on a regular basis where we inspect new dollar store merchandise to assure high value and quality, and to review hot, new merchandise. Then, we negotiate rock-bottom prices on behalf of our network. The hot, new merchandise we approve is loaded into a secure website for all store owners to use. We update new product information weekly and email this directly to our store owners. A constant flow of new goods into your store is key to keeping customers coming back and building your average transaction--we work with you to maximize this key component of your merchandise plan.

Training and Support:

Training is designed to ensure that each new owner is familiar with the many aspects of managing their store. This experience begins before and continues well after the store's opening. Your trainer will be in contact with you both before and after the store has opened. This training will include a full review of a comprehensive operations manual and related materials designed to aid you in operating your store on a day-to-day basis. Our training program features a combination of online and personal phone training. This format allows our new store owners to train on their own schedule, and have after opening access to the key training modules for future reference--of course your trainer is ALWAYS available to you at any time for needed support.

Store Set up and Top Quality Fixtures:

We create the "Cadillac" of Dollar and Dollar Plus Stores, as we want to make an incredible presentation to your customer base. We supply steel framed gondolas with pegboard backing, beautiful cash counters with impulse feature areas, specialty fixtures, shopping carts and baskets, electronic cash registers and much more. All merchandise counters are six feet tall, and we use eight foot tall slatboard with melamine finish on all interior walls to maximize the display space within your store. All store fixtures are bright white in color for a clean, modern look. We do not supply flooring but when it is needed the landlord will generally provide it at no cost.

Our fixtures for your Dollar or Dollar Plus store are designed to be used on higher priced goods as well, so they can be used for many, many years. We also give you an allowance for the outdoor sign. Our interior signage package is the best in the industry , and includes perimeter wall signs, overhead and window signage, department markers, a full seasonal and holiday sign package, grand opening signage, and much more !

We send a professional installer and labor crew to the store location to install the slat board and all fixtures. Then, the work crew will stock merchandise and ready the store for the grand opening.

This is NOT a Dollar or Dollar Plus Store franchise: YOU are the owner of the store and have 100% control over all aspects of your business. Since we are NOT a franchise, there are no ongoing royalties or fees, but you DO receive permanent long-term support and access to the purchasing network. From the beginning you have total control over all decisions regarding YOUR store, including site location, store layout, timing of opening and merchandise.

Long Term Support:

Once your store is open the real work begins. You are assigned a New Store Coordinator who will remain in very regular contact with you for at minimum the first 90 days of your store’s operation. They will review new merchandise and suppliers, assist you in placing replenishment orders , get you ready for every upcoming season and holiday, evaluate your sales by category, and help source requested items. After the first 90 days, your store will move to a Long Term Coordinators desk, who will provide this same support for the life of your business.

We Are Experienced Retailers:

The owner of Dollar Store Services also successfully owned and operated dollar and dollar plus stores, so we fully understand what is necessary. We know the best merchandise to provide to stores, when to begin stocking for each season and how to recruit and retain key employees among a countless array of topics. We understand the daily demands of the business and have incorporated our vast knowledge and experience into our program. When you work with us you work with a company who has first hand retail experience and will work with you to maximize your store's profits.

Company History:

James Wichert, owner and president of Dollar Store Services, Inc. started in the industry in 1992 when he opened the first dollar store in Las Vegas. Shortly thereafter, he began to receive inquiries from customers and tourists about assisting them in opening stores throughout the United States. This became the beginning of the store development operations.

The store development business has steadily grown and Dollar Store Services was incorporated in 1995. Since he started in the dollar store business, Mr. Wichert has assisted over 3,500 individuals open stores throughout the United States and worldwide. DSS has developed stores around the globe.

Today, the company continues to grow at a fast pace. Current plans are to open over 200 Dollar and Dollar Plus Stores annually throughout North America and this feat requires dedication and knowledge by all involved. Wichert is very pleased that the storeowner's are able to rely on his staff of experienced professionals. "The staff's superior dedication is at the heart of the Company's success," states Wichert. Wichert also owns a large wholesale company, which supplies over 18,000 products to its’ customers. The key feature of the wholesale company is that every product made available to our network of stores has been hand selected. According to Wichert "Buying product through the Internet or from catalogs is the same as buying sight unseen. How can anyone possibly negotiate the correct price of a product without seeing and touching it to determine both quality and product value?"

International Opportunities:

Dollar Store Services, Inc. is the largest developer of dollar & dollar plus stores in the United States. We have stores worldwide, and now we are excited to announce the opening of our Canadian and Latin American programs. We also offer a completely comprehensive program for foreign nationals who would like to open a store in the United States.

Dollar Store Services offers you the best business opportunity to become a DOLLAR OR DOLLAR PLUS STORE OWNER

Complete Turnkey Packages Available From Only $87,900

VideoStart a Dollar Store Services Opportunity, 2024 Costs & Fees (2)

Start a Dollar Store Services Opportunity, 2024 Costs & Fees (3)

AvailabilityStart a Dollar Store Services Opportunity, 2024 Costs & Fees (4)

Dollar Store Services is currently accepting inquiries from the following states:

Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming

Interested parties should have at least $40,000 in liquid capital to invest.

* This information may have changed since first published. We recommend that you always verify fees, investment amounts, and offers with the business opportunity directly prior to making a decision to invest.

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Start a Dollar Store Services Opportunity, 2024 Costs & Fees (2024)

FAQs

How much do Dollar General store owners make? ›

Dollar General's operated at median owner earnings of 1.507 billion from fiscal years ending January 2020 to 2024. Looking back at the last 5 years, Dollar General's owner earnings peaked in January 2021 at 2.733 billion.

Is owning a dollar store profitable? ›

While it may seem counterintuitive, dollar stores tend to be among the most profitable segments of retailing. Dollar General, the largest dollar-store chain in the US, regularly posts operating margins of about 15%.

How to start a dollar store business? ›

  1. Choose the Name for Your Dollar Store. ...
  2. Develop Your Dollar Store Business Plan. ...
  3. Choose the Legal Structure for Your Dollar Store. ...
  4. Secure Startup Funding for Your Dollar Store (If Needed) ...
  5. Secure a Location for Your Business. ...
  6. Register Your Dollar Store with the IRS. ...
  7. Open a Business Bank Account. ...
  8. Get a Business Credit Card.

How much does it cost to own a Dollar General? ›

Unfortunately, Dollar General stores are not available for franchising. All of their units are company-owned and operated, meaning that profits stay within the company and do not go to outside operators. WE ESTIMATE THAT THE DOLLAR GENERAL FRANCHISE COST WOULD BE $1,000,000 TO $2,000,000+.

What is Dollar General changing their name to? ›

In an effort to cater to customers who want a more upscale shopping experience, Dollar General is opening retail locations that operate under a different brand. These stores are called pOpshelf, and they're meant to appeal to wealthier and more suburban customers.

Does Dollar General make more money than Walmart? ›

Dollar General's brand is ranked #335 in the list of Global Top 1000 Brands, as rated by customers of Dollar General. Their current market cap is $48.43B. Walmart's brand is ranked #104 in the list of Global Top 1000 Brands, as rated by customers of Walmart. Their current market cap is $382.64B.

What is the most successful dollar store? ›

Dollar General is the largest dollar store operator both in terms of annual sales (more than $34 billion in 2021) and total store count (some 18,000 locations in 46 states).

How does the dollar store get stuff so cheap? ›

One key approach is bulk buying from suppliers. By purchasing millions of units to distribute across their numerous locations, they can acquire products at a lower cost, similar to the savings Costco offers its customers through bulk purchases. Another method dollar stores use is sourcing liquidated items.

What is the largest dollar store franchise? ›

Dollar General

With more than 18,000 stores in 47 states, that makes them one of the biggest convenient stores in the country.

How much does a family dollar franchise cost? ›

A: Family Dollar does not offer franchises. If you have property you would like to lease or sell to Family Dollar, please visit our Real Estate page or Contact Us. Q: Are there employment opportunities at Family Dollar?

How to start a small business with $5000 dollars? ›

Best Solo Businesses to Start with $5,000 in 2023
  1. Freelance Writing.
  2. Virtual Assistant Services.
  3. Social Media Management.
  4. Graphic Design Services.
  5. Personal Training and Fitness Coaching.
  6. Consulting Services.
  7. Online Tutoring.
  8. Handcrafted Product Selling.
Nov 9, 2023

How many dollars do you need to start a business? ›

The cheapest businesses to start may cost as little as $12,000 initially, but other businesses like restaurants can run from $400,000 or more. The best way to determine your startup costs is to list all expected expenses and the dollar amount for each item.

How do dollar stores make money? ›

By shrinking package sizes, dollar stores can get away with charging way more per volume, which is one of the main strategies that dollar stores use to wring the most profit out of every sale. Just because you only paid $1 for that roll of aluminum foil doesn't mean that it's a good deal.

How profitable are Dollar General stores? ›

Dollar General's gross profit as a share of net sales dropped to 29.5% from 30.9% a year earlier. It also forecast annual per-share profit between $6.80 and $7.55, compared with analysts' average estimate of $7.55, and warned of pressure from retail shrink where inventory is lost or damaged due to theft and breakage.

How to get Dollar Tree franchise? ›

Does Dollar Tree offer franchising opportunities? We do not offer franchising opportunities. All of our stores are operated from our Corporate Headquarters in Chesapeake, VA.

How profitable is Dollar General? ›

Dollar General's gross profit as a share of net sales dropped to 29.5% from 30.9% a year earlier. It also forecast annual per-share profit between $6.80 and $7.55, compared with analysts' average estimate of $7.55, and warned of pressure from retail shrink where inventory is lost or damaged due to theft and breakage.

How much money does the CEO of Dollar General make? ›

Dollar General's CEO is Todd Vasos, appointed in Oct 2023, has a tenure of less than a year. total yearly compensation is $8.98M, comprised of 7.3% salary and 92.7% bonuses, including company stock and options. directly owns 0.062% of the company's shares, worth $19.87M.

Are Dollar General buildings a good investment? ›

Overall, Dollar General is a high-quality, investment-grade tenant that has a price point and cap rate that make it an attractive option for an NNN lease.

How profitable are general stores? ›

Grocery stores operate on razor-thin profit margins. The industry average is between one and three percent, far below other retail sectors.

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