99 CENT STORE Franchise Startup Cost, Profit Margin, Revenue and Locations
99 Cent Store is one of the top discount retail stores of consumables needed by households. The store is known for great service delivery to their customers, especially in these economic hard times. They consider themselves to be The Right Store…More than Ever
Information in this article will focus on how much is a 99 Cent Store Franchise?
ABOUT THE COMPANY
The company was established in the year 1982. When Dave Gold wanted to seek new way s of selling his wines quick, he had the idea of establishing a concept that will be quite affordable to buyers and still offer the best quality products.
Since the establishment of 99 Cent Stores, they have expanded to about 350 stores. Interestingly, about 75% of these stores are located in California and the rest in Arizona, Texas and Nevada.
99 Cent Stores provide a shopping experience that is second to none to their customers. This is achieved by offering the best values that can be gotten on a wide selection of good foods and household items.
99 Cent Stores are beautifully merchandised, and adequately cleaned with full service location stores that will only offer to the customer great value on the items they buy. Merchandise at their store range from different brands and consumables that are readily available, which include foods and beverages and so many other grocery items.
In order for the company to be able to achieve the great discount offered to theri customers, they buy only from major manufacturers and popular brands that have gained the heart of the consumers. Brands such as 3M, Adams, Cadbury, Wrihley, Unilever, Quaker, Procter & Gamble, Revlon, Nestle, Masterfoods, Kraft, Kellogg’s, Johnson & Johnson, Hershey Foods, Heinz, Hasbro, General Mills, Frito Lay, Deli, Energizer, Dole, Dial, Del Monte, Con Agra, Coca-Cola, and Church & Dwight.
IS 99 CENT ONLY STORE A FRANCHISE
With the popularity of the store among shoppers in the United States, and the number of locations they have spread across different parts of the country, an entrepreneur might want to enquire if 99 Cent Store is a franchise. It is quite unfortunate that the company does not sell franchise opportunity at the moment. All their numerous stores are company owned. it could be possible that in the nearest future, the company might start selling franchise opportunities.
HOW MUCH DOES A 99 CENT STORE FRANCHISE COST
The 99 Cent Store Franchise cost cannot be ascertained at the time of writing this report. Since the company does not have any franchise opportunity available to the public. Although information made available by the company shows that the cost of establishing a 99 Cent Store unit is within the range of $100,000 to about $250,000 depending on the location of the store.
99 CENT STORE FRANCHISE FEE
When you buy into any franchise opportunity, you will be made to make a payment in order to be grated the license to operate under the company’s brand name. That payment is called the franchise fee. Since the company does not sell any franchise opportunity, there are no 99 Cent Store franchise fee.
HOW MUCH DOES A 99 CENT STORE FRANCHISE MAKE
The company does not sell any franchise opportunity at the moment, so the earnings a 99 Cent Store franchise owner makes cannot be ascertained. Although according to information made available to the public, an average 99 Cent Store makes more revenue than most other retail stores in the industry. This can be attributed to their low price offering and also quality items at the same time.
TRAINING AND SUPPORT
The only training available at 99 Cent Store is for their staff members. The company invests so much in this because they simply believe that a happy staff is a happy customer. So staff members are trained to pass on the value of the company down to the customer.
CAN I BUY A 99 CENT STORE FRANCHISE
At the moment, that is not possible. But if you are interested in buying into 99 Cent Store franchise, you can forward an application to the company. Interestingly, you will get feedback from them and the company will inform you of any opening in the nearest future.
Another alternative to a 99 Cent Store franchise is when you take up a career opportunity at the company. With this you will be empowered with the concept and philosophy behind the operations at 99 Cent Stores. If you are able to work your way to the top, probably a managerial position, you will be so much experienced that even when you leave the company, you can conveniently establish your won store with almost the same concept.
HOW TO OPEN A 99 CENT STORE FRANCHISE
You would have known that buying into a 99 Cent Store franchise might not be possible for now. Although the company might consider later on to sell franchise opportunities to the public. But if you still need information on how to open a 99 Cent Store franchise, then you will need to forward an application to the website of the company.
Are you planning to how to start a 99 cents store franchise with $5,000? This is a unique opportunity store providing diverse services and very high discounts on goods either at 99 cents or even lesser. In this retail chain, everything found within the store costs 99 cents and below.
How to Open a 99 Cent Store
Operating nationally within the United States, franchisees are offered an opportunity at owning part of a successful business model that has been in operation for several years and still emerged stronger and better. The secrets to its business successes are revealed to its franchisees to enable them replicate these into their own models.
Why 99 Cent Store?
Having on offer well stocked stores, it offers a rich array of goods and services such as groceries, food and consumables, with its customers in mind. Here, 99 cents clients are satisfied and are made to come back for more due to the provision of high quality customer experience, cheap services and professionalism from its workforce.
Its franchisees will be benefitting from this service excellence. Plus, this presents a low-cost investment opportunity that will translate to great gains.
How much is a 99 cent store franchise?
- How much does it cost to open a 99 cent store?
- Is 99 cent store a franchise that is expensive?
- What is the average 99 cent store franchise price and fee?
99 Cent Store Franchise Financial Requirements
To own a 99 Cent Store franchise, certain financial requirements have to be met by the franchise candidate/investor. These requirements are in the form of an investment sum of $9,995, a franchise fee of $9,995, and a liquid capital requirement of $9,995.
99 Cent Store Franchise Ongoing Fees
There are certain ongoing fees charged by 99 Cent Stores which its franchisees must abide by. The details of these ongoing fees have not been revealed by 99 Cent Store but it is likely not to be much different from typical ongoing fees charged by franchisors. It is believed that the details of these charges will be made available to franchisees at the point of signing of agreements.
99 Cent Store Franchise Training and Support
99 Cent Store franchise provides training and support to its franchisees and their managers. Such trainings are usually hands-on trainings to acquaint them with the complexities of running a 99 cent store franchise. This is to enable its franchisees hit the ground running with minimal time being lost to the initial struggles experienced by most startups.
These trainings reveal the business secrets responsible for the growth and success of this franchise.
In the area of support, 99 Cent Store provides constant support to its franchisees to enable them succeed. The support covers a wide area of its operations including ongoing meetings, a business representative concerned with handling all complaints and difficulties of its franchisees.
Also, proprietary software is provided by 99 Cent Store to help its franchisees have control of their decisions and easy and smooth running of business activities and keeping up with logistics.
How Viable Is 99 Cent Store Franchise?
The viability of this franchise opportunity is never in doubt. 99 Cents track record of success has seen it outperforming expectations time and again. The 99 Cent Store franchise has continually exceeded expectations even in times when it was expected to slow down due to the tough times occasioned by adverse economic conditions. This has seen the influx of entrepreneurs and increased investor confidence leading to their strong desire to buy into this franchise.
99 Cent Store Franchise Financing Option
99 cent Store franchise provides financing that cover several areas of its operations. This includes a relationship with third-party finance sources that offer either partial or full financing, but this is subject to qualification.
To find out if you qualify for financing, a business funding advisor is attached to the franchise candidate after he/she must have finished the initial planning process with his/her National
Development Director assigned by the franchise.
99 Cent Store Franchise Opportunities
The advantages available to its franchisees include a deep trust built over several years of its operations with product manufacturers which have been nothing but cordial and mutually beneficial.
This has helped 99 Cent stores in maintaining a strong reputation among suppliers as 99 Cent Stores has protected its image and that of its suppliers through professionalism in its dealings. It buys its wares from almost all the brand names and producer companies.
How to Open 99 Cent Store Franchise
Joining 99 Cent only stores franchise is a step-by-step process that involves first going online to fill in the online application form made available to franchise candidates/investors. The franchise candidate/investor is contacted once he/she is found to be eligible for ownership of the franchise based on the information submitted on the online application form.
Another option is establishing contact with 99 Cent Store National Development Directors who guide the franchise candidates on what should and should not be done within the period of planning and execution of their franchises.
In conclusion, this article is revealing concerning the operations of a 99 Cent Store franchise. Instead of starting a 99 store from scratch, there is an advantage buying from those who have successfully run this type of business and have successfully weathered the storm to be the big brands they are today.
Owning a part of this franchise avails you the business secrets and models that have made this franchise stand the test of time.
You are shielded from all the trials through constant ongoing support. What is just required of you is to simply follow the guidelines that will be handed over to you by 99 Cent Store Franchise.