Hottest New Franchises
2015
Dime Bar carries discounted women's apparel, footwear, and accessories. Our stores keep up with the latest fashion trends and most price tags are $10 or less. With new arrivals coming in every week, we strive to provide a great shopping experience and an affordable one too!
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2013 | 0 | -- | 0 | -- | 0 | -- |
Investment Required
The initial fee to purchase a Dime Bar franchise is $40,000. Dime Bar provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low Range | Established High Range |
|---|---|---|
| Initial Franchise Fee | $40,000 | $40,000 |
| Inventory | $45,000 | $55,000 |
| Fixture Fee | $38,500 | $43,500 |
| Fitting Rooms | $3,770 | $5,330 |
| Lease and Utility Security Deposits | $1,630 | $2,930 |
| Training | $1,000 | $1,500 |
| Insurance | $300 | $350 |
| Additional Funds (3 months) | $30,000 | $30,000 |
| Total Initial Investment | $160,200 | $178,610 |
Ongoing Expenses
Dime Bar franchisees are responsible for a weekly royalty fee of 5% of gross sales and a weekly marketing fee of 1% of gross sales. Other fees include a monthly inventory fee of $9,000 to $15,000.
What You Get: Training and Support
Dime Bar provides training for up to three people with a mandatory attendance of your general manager. Classroom training will be 25 hours total and on-the-job training will be 55 hours total. All training will be held in the Minneapolis/St. Paul, Minnesota metro area. Topics covered will include store operations, tour of stores, marketing, and tour of competitors' stores. Dime Bar will continue to offer ongoing advice and guidance regarding the daily operations of the franchise, as well as offer additional training when needed.
Territory
Dime Bar does not grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2014 FDD.
