How can I open a store that sells things for a dollar or less, like a dollar tree store, with food and other things in it? My credit is just ok. I think that it would do very well in business due to our economy these days.How can I open a store that sells things for a dollar or less, like a dollar tree store ?
With the economy being the way it is these days, you'll probably need a lot more cash on hand than you think. Small business loans weren't extremely easy to come by before. And now the banks are even more careful.
If you had a savings on hand that would help. If you were opening a dollar store in an area not serviced by another dollar store, that would be even better in terms of securing a loan.
Kole Imports ( http://www.koleimports.com/ ) has a pretty big catalog of dollar store items. They also have a Resources for Retailers section where you can read about the specific items you'll need to open a dollar store
( http://www.dollarwholesaler.com/default.鈥?/a> ).
Liberty Opportunities ( http://www.libertydollarstore.com/ ) helps people set up dollar stores. Depending on the square footage of the store, it'll cost you anywhere from $25,900 to $269,900.
But that includes: inventory, registers, counters, fixtures, shopping carts, location assistance, inventory, etc.
Dollar Discount ( http://www.dollardiscount.com/index.html ) offers a franchise. They cost anywhere from $99,000 to $195,000. And they're registered with the Small Business Administrator's franchise registry. So they can help expedite your loan processing with the SBA, which could save you some headaches.
Hope that helps!
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