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    The financial records of an existing store can tell you more about that store’s history than any other piece of information. If you are considering acquiring an existing store your means of opening a dollar store don’t discount the importance of seeing those financial records. They can unlock good news and bad news about the business you are considering.

    Financial records can disclose unexpected sales increases and decreases. They can raise questions that a prospective owner must have answered before an informed decision is made.

    For example, what if the books show that sales dropped significantly during the holidays? That drop needs to be compared to prior year sales as well as previous month sales. Then there are questions to be answered. Why the drop? Was there inventory to support higher sales? What advertising and promotion was done? Were there traffic ch

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    your means of opening a dollar store don’t discount the importance of seeing those financial records. They can unlock good news and bad news about the business you are considering.

    Financial records can disclose unexpected sales increases and decreases. They can raise questions that a prospective owner must have answered before an informed decision is made.

    For example, what if the books show that sales dropped significantly during the holidays? That drop needs to be compared to prior year sales as well as previous month sales. Then there are questions to be answered. Why the drop? Was there inventory to support higher sales? What advertising and promotion was done? Were there traffic c

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    Financial records can disclose unexpected sales increases and decreases. They can raise questions that a prospective owner must have answered before an informed decision is made.

    For example, what if the books show that sales dropped significantly during the holidays? That drop needs to be compared to prior year sales as well as previous month sales. Then there are questions to be answered. Why the drop? Was there inventory to support higher sales? What advertising and promotion was done? Were there traffic c

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    For example, what if the books show that sales dropped significantly during the holidays? That drop needs to be compared to prior year sales as well as previous month sales. Then there are questions to be answered. Why the drop? Was there inventory to support higher sales? What advertising and promotion was done? Were there traffic c

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    s month sales. Then there are questions to be answered. Why the drop? Was there inventory to support higher sales? What advertising and promotion was done? Were there traffic changes (Road work, changes in auto traffic flow, etc?) associated with the slowdown? Was there a change in tenants within the local area (Did a major anchor close or move?)? Did sales return to prior levels after the holidays? What about store personnel; were there changes? Did store hours change? The list of questions that you would want answered if you are opening a dollar store will grow from there.

    On the other hand, what if the sales increased significantly during a low sales season? That increase should be verified against prior year sales as well as with other months throughout the current year. There will be many questions to be answered. Was the increase the result of a specific actio

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