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franchise.co.nz – PUTTING PEOPLE IN BUSINESS
here is a long-held saying handed down through generations that
describes ‘luck’ as the result of ‘when preparation meets opportunity’.
It’s a saying that applies perfectly to the Two Dollar Things Plus
franchise. The first store, then known as Dollar King, opened in Tokoroa
in 2011. Since then, the brand has grown steadily across New Zealand,
now under the Two Dollar Things Plus banner and catering for a market
that, post-Covid, has become more price conscious than ever before.
With 28 stores across New Zealand and a further seven in Fiji, Two Dollar
Things Plus have recently adopted the franchise model, looking to
grow even bigger and become a dominant player in New Zealand’s
retail sector.
When preparation meets opportunity
Prashant and Kinjal Patel, who live in the Manawatū town of Ashhurst,
were a couple who have prepared well for their investment in a new Two
Dollar Things Plus franchise opportunity.
Prashant has a master’s degree in business management and more
than 11 years retail experience, including time spent managing various
franchised supermarkets and a well-known pizza dine-in/takeaway
store. He understandably held high expectations for the performance of
any franchise system.
Kinjal also has retail experience as well as a passion for art, crafts and
creativity. That passion saw her shopping at numerous Two Dollar Shops
to purchase items for her projects. While they were spending time away
from home managing a dairy for friends in Hastings, they both quickly
developed an enthusiasm for the local Two Dollar Things Plus store.
When Prashant and Kinjal’s minds turned to the many franchise
opportunities that were currently available in New Zealand, it was always
going to be the Two Dollar Things Plus franchise that they took a close
look at first.
“We hadn’t seen that level of quality products in that price range
anywhere else,” recalls Prashant. “We immediately loved it and when we
went back to the Manawatū we couldn’t stop thinking about opening a
Two Dollar Things Plus here too.”
A sixth sense for business success
Prashant recalls receiving a “wonderful response” when he first
contacted Two Dollar Things Plus managing director Hyun Lee – who
explained how the franchise works, why it is so successful, and what the
upcoming plans were for the franchise.
“They are so very helpful and have an awesome sense of business,
which gave us even more confidence,” explains Prashant. “They also
have great vision, plenty of new and visionary business ideas for
hardworking individuals, all designed to help people grow and put them
in a better position to succeed.”
While Prashant and Kinjal have yet to open the doors to their new
Two Dollar Things Plus store, Alice Cho has already been running her
franchise in Christchurch’s Eastgate Mall for a year, first opening the
doors for trading in May 2024. After 12 months in the driving seat the
enthusiasm is still there. The store is performing well and the support
and training, on everything from HR to taxation, is still being delivered to
her satisfaction.
Setting you up for success
In today’s highly competitive retail market, it is important that any
new franchisees are given the best possible start in their Two Dollar
Things Plus franchise. Hyun describes the training as extensive, with
comprehensive operational training manuals to refer to and solid advice
just a phone call or email away.
The stores themselves range in size from 200 square metres up to
approximately 550 square metres. The average investment required from
new franchisees is around $300,000 but varies depending on the size
of the store, the levels of fitout and stock required to fill the store. Hyun
says they have ways to help potential franchisees meet the required
stock levels.
Hyun also points out the importance of choosing a business that is
always reinvesting in the market and has strong buying power. An
established brand like Two Dollar Things Plus has the resources to
easily test new retail ideas and to source new products that strike a
perfect balance between quality and affordability across a wide range of
categories. He says the idea is to present unique and exciting products
to customers and to keep them coming back for more.
A ‘roll-up-your-sleeves’ commitment
Two Dollar Things Plus is in tune with today’s fast-moving retail
landscape. The franchise has opportunities nationwide for astute
individuals or couples like Prashant and Kinjal Patel, looking to
invest in a hands-on business and willing to learn all the tricks of the
retail environment to generate a regular income worthy of the level of
investment made.
Two Dollar Things Plus is
seeking investors who want to spend
time at the store to help encourage
and guide their staff, or those who
are looking to diversify their business
portfolio with a brand that’s at the
cutting edge of New Zealand’s retail
sector. If you have prepared yourself
sufficiently for the local retail market,
and you have a genuine desire to
succeed, then contact us to
find out more.
Two Dollar Things Plus
www.twodollarthings.co.nz
Contact
HK Lee
021 031 9532
hk.lee@dollarkingnz.com
Advertiser Info
REWRITING THE
RETAIL RULEBOOK
Opportunity: Retail
Two Dollar Things Plus is an exciting,
fast-developing retail franchise
opportunity.