Location is “key” for a successful retail venture. Always consult with your local commercial real estate agent and get the proper demographics on available store locations. Cover your bases and ask for statistics on successful businesses in the area. Do your homework. Find the best possible operating scenario. There are many strategies. Open your store in a large development. Get next to a high profile chain store and piggyback off the heavy traffic. Be the only game in town! Once you find the right spot, negotiate the most advantageous payment possible. Your location and operating cost will determine your dollar store’s success and ability to turn a profit!

Dollar Store Business Model
You got the keys to the perfect location. Next, you need to determine the business model. The most popular is the dollar only store, dollar variety store, or dollar general store. It is challenging to open a true dollar store in the current economic climate. Therefore, entrepreneurs are opening the hybrid dollar store (dollar variety).This model has all the excitement of a true dollar store. The store typically sells 50% of the items for $1 dollar. The rest of the items are “value” priced. In this model, stores have latitude to bring a larger variety of merchandise and offer more value to the consumer. Everyone wins! The customer gets more value while the storeowner turns a higher profit.

Concord can help
There are several options for starting a dollar store. Franchise, turnkey, member affiliates, these options can be convenient but costly! The more money spent on set up cost leaves less to spend on inventory (revenue). Once you obtain a building, fax your store dimensions to the local store fixture company. They can provide a free professional schematic and estimate. Then negotiate your price. Once you agree, and the fixtures are on the way, its time to order inventory. Go to dollaritem.com and review our vast online catalog. We are confident you will make the better choice for Concord to supply your merchandise. Send us your schematic and small deposit for our recommended opening inventory exclusively for your demographic. This way, you can focus on the operating details. We been supplying dollar stores for over 23 years, we know what were doing!  Use our expertise to start in the right direction.