About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Business At A Glance
Dollar Store
Startup Costs: $10,000 - $50,000
About
Franchises Available? No
Online Operation? No
Get a great deal with a dollar store that brings in big bucks.
Business Overview
Dollar or discount stores are popping up everywhere across North America, and that can only mean one of two things: Competition is too heavy and there will soon be a thinning process, or dollar storeowners are making money and expanding into new geographic areas of the country to capitalize on consumer demand. Given the popularity of dollar stores, and the fact that these stores require careful planning and a large startup investment, it's most likely that the second option will ring true. Competition is stiff, but there seems to be unlimited consumer demand for bargains and discount retail stores. The main objective in the discount retailing industry is two-fold. The first is to source and establish alliances with manufacturers of low-cost products, and the second is that the products have to be of reasonable quality and have a useful purpose. The best products to sell via discount stores fit the following profile: * Inexpensive, retailing for less than $5 * Kitchen products, toys, and household products * Less-expensive versions of popular name-brand product
The Market
Your customers are anyone looking for a bargain
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