Dollar General Franchise Cost Price – Fee and Startup Information

Dollar General Franchise Startup Information, Locations, Revenue and Profit

HOW MUCH IS A DOLLAR GENERAL FRANCHISE

A lot of people are now more concerned about saving money by spending less on shopping, an that’s just the whole concept behind the Dollar General franchise and this could be the reason why their profits continue to increase by the year. In fact, the company makes so much revenue in seasons where prices of items even seem to be on the increase. The question a lot of people ask is how much is a Dollar General Franchise

SEE: FAMILY DOLLAR FRANCHISE INFORMATION

WHERE TO START

In an economy where everything seems to be in disarray, there are just a few opportunities that can be found on good businesses and even fewer that are being run well, especially when it comes to the outflow of a consumer’s dollar. The Dollar General Stores are just one of the few stores where shoppers feel so/ much confident to expend their funds no matter how much they feel about saving.

IS DOLLAR GENERAL A FRANCHISE

As at the time this report is being filed, Dollar General has not began to sell franchise opportunities. Dollar General is not a franchise as most of their numerous stores spread across the United States are company owned.

THE DOLLAR GENERAL STORES OPTION

What Dollar General presents as an alternative to the franchise is the Store opening option. If the company considers your store fit enough to be used a part of the company’s network, then you will be given the license to operate a Dollar General Store, but not a Dollar General franchise.

SEE: BIG LOTS FRANCHISE OPPORTUNITY

These are the different types of Dollar General Stores you can buy into.

  1. Just-A-buck: To establish this type of store under the Dollar General Network, you will be required to have an initial investment up to the tune of $200,000. Opening this type of store will require a signed agreement deal of about 10 years.
  2. Dollar Discount Store; This is lower prices and will only require an initial investment to the tune of $150,000. Although it is not the cheapest store under the network, but it is quite fairer compared to the Just A Buck store.
  3. Liberty Dollar stores: This is the cheapest that the Dollar General Network has to offer and it is quite easy to launch and operate. With just a minimum capital of about $25,000, one can open a Liberty Dollar Store.

 HOW MUCH DOES A DOLLAR GENERAL FRANCHISE COST

Dollar General Franchise Cost may not be ascertained as at the time of writing this report. However, to establish a Dollar General Store, investments will be needed in the range of $25,000 to $300,000 depending on the store option that is chosen.

READ: QUIKTRIP FRANCHISE FOR SALE

This initial cost will need to cover for everything that your store will need to stand. So before going into the business, you have to evaluate your financial standing as you will need to have enough funds to cover for the following items.

  1. The License fee
  2. Inventory
  3. Cost of equipments
  4. Rent or lease
  5. Advertisements and publicity
  6. Fixtures
  7. Launching of the store
  8. And other miscellaneous expenses

DOLLAR GENERAL FRANCHISE FEE

The Dollar General Franchise fee is not feasible since the company does not sell franchise opportunities.

FINANCING YOUR DOLLAR GENERAL STORE

If you are chosen by the company to open a Dollar General Store, then you might be needing financing to establish your store. You can however get funding from these different sources:

  1. Your Local Bank: When you consider getting funds from an external party, this should be your first option as you can get the best lending rates from majority of the banks around. As long as you have a sound proposal that contains all the details about the business that you are buying into.
  2. Money Lenders: There are money lenders everywhere across the country that will be willing to put their money into your business. Although you need to be careful about this as some of their rates might not be really favourable.
  3. Family and Friends: Once you have a good business plan, you can actually turn to family and friends to assist you with funding to grow your business.

HOW MUCH DOES A DOLLAR GENERAL FRANCHISE MAKE

Since Dollar General does not sell franchise, we might not be able to attach any financial value to what a Dollar General Franchise owner will make. However if you own a Dollar General store, your average income will depend on the effort you input into the business and the location of your store coupled with the level of promotions and publicity.

TRAINING AND SUPPORT

As a new store owner with Dollar General, you will be given maximum training to assist you in setting up your own store. The company will expose you to their concept and ways of doing business.

HOW TO OPEN A DOLLAR GENERAL FRANCHISE

There are no information on how to open a Dollar General franchise at the moment. However if you are buying into the Dollar General Store Network, then you need to submit your application on the company’s website and they will give you feedbacks after some few days.

Before you submit your application, you have to ensure that you have the basic requirements (in terms of finances and the access to a good location) to establish a store.

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