Wednesday
May122010
Dollar World Franchise
Wednesday, May 12, 2010 at 11:39AM Dollar stores
Start-up Costs & Franchises Fees
What is the total cost to open a Dollar World Franchises?
Total Cost: $99,000 USD -$150,000 USD
Total Franchise Fees: $15,000 USD
Ongoing Royalty Fees: 3%
Ongoing Advertising Fees:
Term of Agreement: 5 years
Franchise Agreement Renewal Fee: $500
Contact Information for Dollar World
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Dollar World |
Phone Number: (616)895-9980 |
Historical Expansion
In what year did Dollar World begin operations? 1997
When did Dollar World begin selling franchises? 2003
Year United States Canada International Corporate 2004 18 0 0 0 2003 10 0 0 2 2002 0 0 0 10 2001 Not Available Not Available Not Available 8 2000 Not Available Not Available Not Available 5
Future Expansion
United States: Illinois, Indiana, Michigan, Ohio, Wisconsin,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Grand opening support, Internet referrals, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks
Franchise Operation Restrictions
Number of employees needed to run franchised unit: 6
Absentee ownership of franchise is allowed. (80% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes
Jason Rager | Comments Off | 



