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  • Hub You - Opening A Dollar Store - Does Location Really Make a Difference?

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    Are you opening a dollar store? Have you started looking for a location yet? If not, then it is important to know that finding the right location is without a doubt the most important tasks that you will undertake prior to opening your store. Take the time to thoroughly examine the location options that are available before you make a decision.

    The demographics of the potential dollar store shopper are very broad, and the number of shoppers within that demographic group is huge. Excellent visibility and high traffic count, coupled with easy access and convenient parking are key considerations. Before opening a dollar store be sure that you thoroughly examine not only present but also future planned traffic flow and building immediately around the proposed site. Carry your study to at least a one-mile radius around the location. (I used a five-mile radius for our large store.)

    The prospective location of the store, anchor businesses, and complimentary businesses are all part of the equation during the examination. Make sure that you are not around the corner from a competing business. Be sure that the surrounding businesses will bring compatible shoppers to your store. There is no sense in thinking that an engineering consulting firm will bring a great deal of traffic to your store. If you are opening a dollar store a major grocery store might bring

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    The demographics of the potential dollar store shopper are very broad, and the number of shoppers within that demographic group is huge. Excellent visibility and high traffic count, coupled with easy access and convenient parking are key considerations. Before opening a dollar store be sure that you thoroughly examine not only present but also future planned traffic flow and building immediately around the proposed site. Carry your study to at least a one-mile radius around the location. (I used a five-mile radius for our large store.)

    The prospective location of the store, anchor businesses, and complimentary businesses are all part of the equation during the examination. Make sure that you are not around the corner from a competing business. Be sure that the surrounding businesses will bring compatible shoppers to your store. There is no sense in thinking that an engineering consulting firm will bring a great deal of traffic to your store. If you are opening a dollar store a major grocery store might bring

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    access and convenient parking are key considerations. Before opening a dollar store be sure that you thoroughly examine not only present but also future planned traffic flow and building immediately around the proposed site. Carry your study to at least a one-mile radius around the location. (I used a five-mile radius for our large store.)

    The prospective location of the store, anchor businesses, and complimentary businesses are all part of the equation during the examination. Make sure that you are not around the corner from a competing business. Be sure that the surrounding businesses will bring compatible shoppers to your store. There is no sense in thinking that an engineering consulting firm will bring a great deal of traffic to your store. If you are opening a dollar store a major grocery store might bring

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    nd the location. (I used a five-mile radius for our large store.)

    The prospective location of the store, anchor businesses, and complimentary businesses are all part of the equation during the examination. Make sure that you are not around the corner from a competing business. Be sure that the surrounding businesses will bring compatible shoppers to your store. There is no sense in thinking that an engineering consulting firm will bring a great deal of traffic to your store. If you are opening a dollar store a major grocery store might bring

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    iness. Be sure that the surrounding businesses will bring compatible shoppers to your store. There is no sense in thinking that an engineering consulting firm will bring a great deal of traffic to your store. If you are opening a dollar store a major grocery store might bring very complimentary traffic however.

    Always thoroughly examine lease terms including price, lease length, and leasehold improvements. There are all critical considerations during the decision making process. In fact if you are opening a dollar store you will likely find that lease payments fall in the top three monthly expenses that you will be paying.

    If you are comparing a second-tier location to a prime first-tier location be sure that you factor in required advertising and marketing to gain traffic at the second-tier location. Be sure that you are fairly assessing the costs of each location and that you are fairly applying those costs in your final decision before opening a dollar store.

    To Your Dollar Store Success!

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