Dollar Store Franchises

Americans are always interested in saving money, which helps explain the exploding popularity of dollar store franchises in recent years. A dollar store franchise feeds into the growing needs of cost-conscious consumers. Dollar store franchises offer a convenient location to purchase everyday items at a low price, while also saving time, making them a one-stop shopping experience that consumers crave. With a wide range of items that are both trendy and timeless, a dollar store franchise can be a great option for those interested in investing in their own business.

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Did You Know?

In 2014, the average U.S. shopper visited a dollar store 1.1 times a month.

SOURCE: Statista

The annual sales of dollar stores in the U.S. in 2016 was more than $27 billion.

SOURCE: Statista

Dollar store sales increased from $30.4 billion in 2010 to $45.3 billion in 2015 (50% growth rate).

SOURCE: Conlumino

In 2017, income growth for dollar stores is expected to exceed the upper range of 5%.

SOURCE: Moody's

SOURCE:
Statista

SOURCE:
Statista

SOURCE:
Conlumino

SOURCE:
Moody's

Types of Dollar Store Franchises

Dollar stores are value-oriented, low-price stores that sell inexpensive household items, as well as groceries and general merchandise that appeals to both low-income shoppers and budget-minded consumers. There are basically two kinds of dollar stores: those that offer all items for $1 or less, and those that sell inexpensive items. Both operate by finding the best bargains on bulk items or by purchasing other stores' overstock.

Why Consider a Dollar Store Franchise

A dollar store franchise can be a great investment for a savvy entrepreneur because even during the last financial crisis, low-end retailers did well. Why? Because when people have less to spend they seek out the kind of bargains that dollar stores are known for. Even during stronger financial times, the market for dollar stores has proven successful. In fact, many people now openly take pride in the creative ways they can save money, including shopping regularly at dollar stores.

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