http://www.dollarstoreservices.com - www.youtube.com/dollarstoreservices
The dollar store industry is booming and dollar stores are popping up all over the country. The struggling economy has resulted in many Americans looking to get more value from their reduced family budgets and they are shopping at dollar stores.
Entrepreneurs hoping to capitalize on this trend invariably all begin with the same question; “How do I open my own dollar store?”
First, the experts all agree that the “do it yourself” approach is a recipe for disaster. In fact, most “do it yourself” dollar stores go out of business within the first year. This may appear to be the least expensive route, but in most cases, the end product is a low quality store with poor design, fixtures and products that aren’t marketable at any price point.
Entrepreneurs who are serious about starting their own dollar store will quickly find a few companies on the internet that claim to have all the right answers. The purpose of this comparison study is to ask the important questions, review the options and find the best answer for entrepreneurs looking to join this exploding industry.
We are going to directly compare and contrast Dollar Store Services against Buckstore Inc., a small dollar store development company located in
Here at the corporate headquarters for Dollar Store Services we will have the chance to talk with some of the dollar store industry's most influential people. We will compare and contrast Dollar Store Services and Buckstore Inc. in virtually every category. By the end of this comparison you will be able to gauge for yourself which company is the most comprehensive and cost-effective solution to get you into your own dollar store business.
As far as company size and capability how does Dollar Store Services stack up against the competition, specifically Buckstore Inc.?
Dollar Store Services has 75 employees engaged in every aspect of store development inside a 22,000 square foot facility in Las Vegas, NV. The staff has over 200 years of combined retail experience.
Buckstore Inc. has 3 full-time employees that occupy a small suite in a small office complex.
COMPARE FINANCING:
In today’s financial marketplace most first time business owners are forced to leave their dreams on a loan officers desk and walk away for various reasons like; low credit scores, lack of enough liquid capital, no business plan, and others. Full service business development companies such as Dollar Store Services offer complete financing assistance services including free credit repair. Over the last 12 months the Dollar Store Services finance department has helped their clients acquire over $14 Million in funding which is quite impressive considering the economy. All this is done under the leadership of Steve Grammer, director of finance for the company. Please see the entire video above or you can simply watch the financing section of the video by clicking here.
COMPARE REAL ESTATE SERVICES: Once your dollar store is funded, the next major hurdles are acquiring the right store location and negotiating the best lease terms. Dollar Store Service’s Real Estate Department headed by Real Estate Director Jim Sanford, takes all the guess work out of finding the right location and negotiating the best terms on the customers lease agreement. Please see the entire video above or you can simply watch the real estate section of the video by clicking here.
COMPARE TRAINING: For those stores that get financed and secure a great location the next step for the store owner is training. Some dollar store operators have vast experience in retail where others have never even worked at a retail store before. No matter what an owner’s knowledge level is before going into business they will need some kind of training to understand the industry, trends, wholesale merchandising and the basics of opening and closing a dollar store. Kari Bourn is the Store Grand Opening supervisor and dollar store trainer at Dollar Store Services. Please see the entire video above or you can simply watch the training services section of the video by clicking here.
COMPARE WHOLESALE MERCHANDISE SYSTEMS: Having the right mix of merchandise in a dollar store is critical to its success. Dollar store services’ personalized approach to merchandising makes it not only more appealing to store owners, but much more profitable and effective than the approach Buckstore Inc. takes with websites and catalogs.
Dollar Store Services' merchandising services start with monthly trips to a network of 75 suppliers where merchandise is hand selected and the prices are negotiated right there. Additional savings include savings on freight, smaller inner packs allowing for more variety keeping the cost of goods down to 54 cents. Catalogs and websites that Buckstore uses have an average cost per good that is more like .65 cents. That becomes a huge difference at the end of the year that can reach tens of thousands of dollars.
Dollar Store Services has established long relationships with every top dollar store supplier, these relationships keep our cost per good lower than even some of the large corporate dollar store chains. WATCH THIS VIDEO TO LEARN MORE ABOUT THE RELATIONSHIP DOLLAR STORE SERVICES HAS WITH THE LARGE DOLLAR STORE SUPPLIERS.
Please see the entire video above or you can simply watch the merchandising services section of the video by clicking here.
COMPARE BUILD-OUT SERVICES (OPERATIONS): Included in the dollar store services package is the 100% complete build-out of the dollar store including all interior and exterior signage along with special seasonal signage that can be reused every year.
Dollar Store Services builds on average 200-240 retail stores every year which is incredible on its own. A lot goes into building a dollar store and Dollar Store Services handles every single detail for the store owner. Employing a check list of 75 critical points that must first be covered to open a store. With the Dollar Store Services approach the store owner doesn't have to lift a finger until they receive the keys to their dollar store which is a major difference between Dollar Store Services and Buckstore.
With Buckstore’s approach the owner must receive all fixtures and merchandise before their build out person builds anything. This is especially problematic for the store owner as they are then responsible for unloading one or even two semi trucks full of merchandise and fixtures themselves. Because the store owner is not experienced at professionally building out stores or unloading trucks there is a heightened chance of breaking fixtures, damaging products, or unloading the trucks in the wrong order causing a more difficult build-out experience.
Dollar Store Services tracks and makes certain that the truck is on time, they unload the truck when it arrives and they assemble every store fixture, hang all signage, and unpack and stock all the merchandise in the store. When the store has been completed the build-out supervisor will then completely review all store operations with the owner ensuring that when they open the store that they are totally prepared for their first customers.
The other factor that sets Dollar Store Services apart from the competition, especially Buckstore Inc is speed and efficiency. Dollar Store Services build-out-supervisors and their crew will usually begin operations on a Saturday and the store is ready to open for business in only 5-6 days.
Buckstore says on their website that they send a “Store owner” to build the store out. Is that comparable to the Build-Out-Supervisor That Dollar Store Services sends?
The easy answer to that question is "No"
Dollar Store Services does not contract out critical operations work like Buckstore does. Each of Dollar Store Services' 6 build-out supervisors are all full time in-house employees. Each Build-Out supervisor builds an average of 40 stores every year for Dollar Store Services' clients.
The Buckstore approach is entirely inconsistent and runs the risk of a training the new store owner with bad habits or practices. Having a previous store owner build a store and train the owner is inefficient and can be harmful to the business.
At Dollar Store Services, Build-out supervisors follow the training system that has been developed over the last 20 years when they perform the training review with the owner. Each owner is trained in precisely the same way which gives them the best chance for success.
Please see the entire video above or you can simply watch the build-out and operations services section of the video by clicking here.
Financing Assistance, Real Estate Services, Comprehensive Training, Complete Store Build-Out, Merchandising, Support and last but not least, Gross Profits. Dollar Store Services outperforms the competition at every level making the decision to go with Dollar Store Services an easy one.
We hope you benefited from this comparison study and should you have any additional questions about the facts in the study or other information about Dollar Store Services please call (800) 829-2915 or stop by our office in person, we look forward to the opportunity of speaking with you personally!
Dollar Store Services
5075 West Diablo Drive
Suite 202
Las Vegas, NV 89118
No comments:
Post a Comment