FAMILY DOLLAR Franchise Startup Cost, Profit Margin, Revenue and Locations
Does Family Dollar franchise? The Family dollar franchise was founded by Leon Levine in 1958. He had a dream of offering everyday items to the consuming public at rock bottom prices. Indeed, it started to offer these lowly priced items as a result of the store being able to run a low overhead cost and operating expenses.
FAMILY DOLLAR APPLICATION
Making money is the dream that everyone has, but who doesn’t want to achieve this with a business that has a low startup fee. Family Dollar is just one business that you can buy into and be rest assured that you won’t be expending so much on unnecessary costs. The company has grown to be one of the most popular in the United States, offering the best customer service delivery. A lot of people have been sending in enquiries on how much is a Family Dollar Franchise. Information in this article will discuss immensely on this.
FRANCHISE INFORMATION ABOUT THE FAMILY DOLLAR COMPANY
The business was established in the year 1958 by Leon Levine and it all started as a small retail store that offered very low prices on items. They are able to achieve this with low overhead costs and minimal operating expenses.
The Family Dollar Company has grown from that small store to a multibillion dollar business that is now managed by the heir of the founder. They have their head office in North Carolina. As at the year 2006, the Family Dollar Company has had about 6,700 stores spread over 44 states in the country. As at today it is still considered as one of the fastest growing retail business in the United States.
The company deals mainly on food stuffs, assorted household and clothing. At their stores, you will hardly see an item that costs more than $10. Over 90% of item offered on sale are lesser than that amount. This is just the main reason why the stores have been a shopper’s favourite. It has a close resemblance to supermarkets and the self service options are parts of so many attractive features of the company.
The low side of the business is that despite their growth and success in the industry, Family Dollar does not have an online store where customers can order for items, so interested buyers will have to come in physically into their stores to have that wonderful shopping experience.
IS FAMILY DOLLAR A FRANCHISE
Family Dollar has grown to be one of the notable retail stores across the United States, but it is quite unfortunate that the company does not sell franchise opportunities. All their stores are company owned. The reason given for this is that the management of the company wants their customers to have the best shopping experience in their stores as being run by their own staff that have been properly trained to extend the Family Dollar Value and Culture to the customers.
However, the alternative that the company presents is the Family Dollar Network. The company surely welcome business people that want to have the Family Dollar Experience into their system
HOW MUCH DOES A FAMILY DOLLAR FRANCHISE COST
The business does not have an Family Dollar Franchise cost. But if you are buying into the company’s store network, you will definitely require some amount of cash to acquire fixtures and merchandise for your store. You will also be the one to get the building to locate your store and must also be ready to follow the guidelines set by the Family Dollar Network
The investment needed to establish a Family Dollar Store is within the range of $10,000 to about $25,000.
FAMILY DOLLAR FRANCHISE FEE
When you buy into any franchise, you will be expected to make an initial fee payment to get the license to operate under that franchise. This is called the Franchise fee. There is no Family Dollar franchise fee, since the company does not offer any kind of franchise opportunity as that the time this report is being compiled.
HOW MUCH DOES A FAMILY DOLLAR FRANCHISE MAKE
The amount of earnings a Family Dollar franchise owner will make cannot be ascertained as there are no franchisees with the company. However, if you own a Family Dollar Store, then you are set to make an average earning that will be way above the industry average as the business is massively patronised, especially if you have a store location at a high browse environment.
TRAINING AND SUPPORT
Apart from the intensive training that Family Dollar offers to its staff members, you will be trained as well if you buy into their Family Dollar Store Network. You will be given orientation on the culture and value of the company and how you can pass this on to your customers giving them the best shopping experience.
You will be responsible for getting the funds to establish your Family Dollar Store as the company does not offer any form of financing whether directly or indirectly.
HOW TO OPEN A FAMILY DOLLAR FRANCHISE
There is no information on how to open a Family Dollar franchise. However if you have the intention to buy into the company’s store network, you can forward your application to the website. This will be reviewed and feedback will be given after some few days.
If your application is considered, then the company will schedule an associate to call you and give you more information about the business. The associate will make more inquest into your financial capacity to open a Family Dollar Store. Once he finds you eligible, you can then go ahead to start the process of opening your store.