99 CENT STORE Franchise Cost and Profit Margin – Review
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.