Just-A-Buck

General merchandise for $1

Background

Founded: 1988 Franchising since: 1992
Based in Poughkeepsie, New York, Just A Buck started in 1988 and began franchising in 1992. Just-A-Buck sells children's games and toys, gifts, packaged goods, hardware, housewares, books, candy, collectibles, baskets, personal care products, greeting cards and costume jewelry, all priced at $1.

301 N. Main St.
New City, New york 10956

Phone:
(800)332-2229/ (845)638-4111

Franchisor is a privately-held company with 15 employee(s); 12 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2006	32	0	0	8
2005	29	0	0	8

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Pennsylvania, South carolina, Tennessee, Texas, United states, Utah, Virginia, Vermont, West virginia, Wyoming

Exclusive territories available.
Territory size: 1-5 miles

Costs and Fees

Total investment: $140K-250K
Franchise fee: $25K

Ongoing royalty fee: 4%
Term of agreement: 10 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	No
Payroll	No	No

Third-party financing source(s): CIT Small Business Lending

Qualifications
Net worth requirement: $180K
Cash liquidity requirement: $40K-50K
Business Experience:

General business experience

Operations

20% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 6
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)