Wednesday
Jun022010
MyDollarstore Franchise
Dollar Store
Start-up Costs & Franchises Fees
What is the total cost to open a MyDollarstore Franchises?
Total Cost: $95,000 USD -$298,000 USD
Total Franchise Fees: $15,000 USD
Ongoing Royalty Fees: 4%
Ongoing Advertising Fees: 0
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: nominal renewal fee
Contact Information for MyDollarstore
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MyDollarstore, Inc. |
Phone Number: 949-261-7488 |
MyDollarstore In the Press
No results at this time.Historical Expansion
In what year did MyDollarstore begin operations? Not Available
When did MyDollarstore begin selling franchises? Not Available
Qualifications & Business Experience
Business Experience:Generally, good management skills, good people skills and good team building skills combined with the drive to succeed and a passion for delivering uncompromising customer service are valuable in managing a My Dollar Store
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