How much does it cost to build a dollar general store.The average Dollar General store costs $2,907,956 in total expenses. Here is the breakdown of how much it costs to build a Dollar General store.
There has been a lot of talk about the cost to build a Dollar General Store. The main reason I wanted to do this study was to clearly show you the answer to the dollar general store cost question. I find it interesting no one posts much about the actual costs involved with building a dollar general store. So, I decided to crunch some numbers and see how much it would actually cost to build a dollar general store in your area…..
How much does it cost to build a dollar general store
Dollar General is a discount store chain that sells a variety of products at a low cost. The company was founded in 1955 and today has more than 11,000 stores in the United States. A franchisee must have at least $1 million in liquid assets.
Dollar General requires that franchisees have at least $1 million in liquid assets. This requirement may be waived if you have owned and operated another business for three years or more. You will also need at least two years of experience managing a business or five years of management experience overall.
There are no specific educational requirements for Dollar General franchisees, but they will expect you to demonstrate strong leadership skills through your past experience in management positions.
How Much Does It Cost to Start a Dollar General Store
The cost of opening a dollar store franchise is relatively low compared to other retail chains. The average startup cost for a single location is $350,000-$600,000, with $100,000-$200,000 in working capital.
Average initial investment: $350 – $600K
Initial franchise fee: $30K – $50K
Ongoing royalty fee: 4% – 6% of gross sales
Dollar General has no pre-opening costs. They do not charge an application fee nor will they charge you for anything on the front end. Once you have signed a lease and purchased equipment, you are ready to open your store! If you have the capital for it, this can be one of the most profitable small business ideas out there.
Dollar General is one of the most popular and successful discount retailers in the United States. The dollar store chain offers a wide variety of household items at affordable prices. Dollar General stores offer everything from food and drinks to health and beauty products and even seasonal items at great prices.
Dollar General is also known for its franchising opportunities, which means that you can open your own store or become an employee if you’re interested in working for this company. If you’re interested in becoming a franchise owner, there are several things you need to know about owning a Dollar General franchise.
What Is Dollar General
Dollar General is a discount retail chain that sells everyday items at low prices. With over 13,000 stores across the country, Dollar General is one of the largest discount retailers in the world with over $17 billion in annual sales. The chain was founded by Cal Turner Jr., who started selling discounted items out of his father’s store back in 1946 when he was just 12 years old
Dollar General offers everything from food and drinks to health and beauty products and even seasonal items at great prices. They also sell clothing accessories like socks, hats, gloves and scarves — as well as toys for children — all at affordable prices
Dollar General is a discount retail chain with more than 13,000 stores across the United States. The company sells a wide range of products, including food, health and beauty supplies, cleaning supplies and other everyday items.
The first Dollar General store opened in 1939 in Scottsville, Kentucky. The company has since grown to become one of the nation’s largest retailers, with over 14,000 locations nationwide.
Dollar General is part of the Fortune 500 list, which ranks companies based on their revenue. In 2017, it ranked number 476 on that list with $22 billion in revenue for 2016.
Opening a Dollar General store requires an initial investment of between $2 million and $3 million dollars (including inventory). This investment will vary depending on location choice but can be as low as $100K if opening an urban location or as high as $1M+ if opening in rural or suburban areas where land values are higher and there is less competition from other retailers.
Dollar General Store:
Dollar General Store is one of the leading discount retail stores in the United States. The company was founded in 1939 and has grown from a small variety store to the largest discount retailer in America. Dollar General Stores are known for their low prices on everyday products such as food, clothing, health and beauty supplies, home decor, housewares and seasonal items.
Below are some of the costs associated with building a new store:
Land Purchase: The cost of land varies depending on location but averages $5-$10 per square foot.
Construction Costs: Building construction costs will depend on size and location but typically average $50-$100 per square foot.
Utilities: Utility costs will vary depending on location but commonly range between $1-$2 per square foot per year.
Fixtures & Equipment (FF&E): FF&E includes everything in the store including shelving, fixtures and retail equipment such as registers, tills and cash drawers. These items can cost anywhere from $50-$75 per square foot with an average of $60 per square foot for most discount retailers like Dollar General Stores.
The Dollar General franchise is a great opportunity for you if you want to own your own business and make a difference in your community. As a Dollar General franchise owner, you will have the support and resources from one of the nation’s largest discount retailers.
The Dollar General franchise model is based on providing superior service at great prices. You will receive ongoing training and support along with a proven operating system that has made Dollar General one of America’s largest retailers with more than 11,000 stores and $20 billion in annual sales.
Dollar General Store Ownership Summary:
Franchise Fee: $25,000
Royalty Fee: 6%
Advertising Fee: 3%
Cash Investment: $150,000 – $350,000 (varies by location)
Dollar General is an American variety store chain headquartered in Goodlettsville, Tennessee. As of December 31, 2018, Dollar General operated 14,095 stores in 44 U.S. states, including 4,832 franchise stores.[4][5]
In October 2013, Dollar General Corporation was ranked #1 on Forbes’ list of America’s Largest Private Companies.[6] In 2018 it was ranked #717 on the Fortune 1000 list of largest United States corporations by revenue,[7] and #17 on Forbes list of America’s biggest private companies with $15 billion in sales.[8]
Dollar General was founded in 1955 by Cal Turner Jr., selling merchandise for $1 or less from a small “five-and-dime” store in Scottsville, Kentucky. The company operated as a family business until 1968 when it went public under the name Dollar General Corporation (DG). Over time it has been reported that the company has grown to over 14000 stores across 46 states with an estimated worth of over $15 billion. The current CEO is Rick Dreiling who took over from David Perdue in 2016 who was appointed Secretary of Agriculture by president Trump.
Dollar General is the largest discount retailer in America. With more than 12,000 stores in 35 states, they are making a serious move to dominate the retail market.
With more than $9 billion in sales, Dollar General is also one of the most profitable retailers in the country. They have an excellent return on investment (ROI) and are able to pay their shareholders well.
Dollar General does not offer any franchise opportunities at this time.
Dollar General is a discount retailer that sells a variety of merchandise at a cost of $1 or less. The chain has more than 10,000 stores throughout the United States, including more than 500 locations in Georgia.
The company is headquartered in Goodlettsville, Tennessee. Dollar General was founded by Carl E. Smith and his wife, Doris F. Smith, who opened their first store in 1955 in Scottsville, Kentucky. They later moved to Union City, Tennessee, where they opened another store under the name Dollar Stores Incorporated.
In 1967, they merged with Jitney Jungle Inc., which owned several other discount stores around the country. The resulting company was named DG Superstores Incorporated and went public two years later with an initial offering of stock on the American Stock Exchange (now NYSE Arca).
Today, Dollar General operates as a subsidiary of Delhaize Group SA of Belgium
Dollar General is a discount retailer with more than 13,000 stores in 44 states. The company specializes in selling grocery, health and beauty items, cleaning supplies and other everyday items at prices that are up to 40 percent lower than its competitors.
In addition to its retail stores, Dollar General also operates an online shopping channel at dollargeneral.com.
Dollar General was founded in 1939 by Cal Turner Sr., who opened his first store in Scottsville, Ky., with $147 in cash and merchandise purchased from a local pawnshop. The original name of the company was J.L. Turner & Son Inc.
Today, Dollar General is owned by Dollar Tree Inc., which acquired it in 2007 for $6 billion.