Thursday, 9 October 2008

$1/$2/$5/$10 Store


CONCEPT: This small business revolves around a discount store where every single item inside is under $1 or $2 or $5 or $10. This can be operated as either a standalone venture, which is harder given the need to source all of the cheap inventory, or as a franchise where that side of the business has been sorted out. The websites below have more information on such franchises.

Strengths:


  • Cheap

  • Everything in the store have the same price

Weaknesses:



  • Quality of the product is lower

  • A lot of competitors such as small shops or supermarkets

  • Not a lot of types of product

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