7-Eleven Franchise Sales<\/strong><\/h3>\n\n\n\nThe franchisee’s net profit is derived from this formula:<\/p>\n\n\n\n
Gross profit + other incomes – 7-Eleven charges – franchisee operating expenses<\/p>\n\n\n\n
Expenses are salaries and employee benefits, 50% utilities, shrinkage\/bad merchandise, Inventory and cash variations, license and permit fees and other miscellaneous expenses.<\/p>\n\n\n\n7-Eleven Franchises Are Fully Operational Stores<\/strong><\/h3>\n\n\n\nThe choice of a franchise store depends on the units available after the applicant has been selected as a franchisee. You will be offered a list of stores to choose from and you can select on the preferred store locations. Pre-booking or pre-selection of franchise stores is not allowed. <\/p>\n\n\n\n
There is no monthly royalty fee payable to 7-Eleven. Franchisees are fully responsible for the daily operations of each store and are required to commit 100% to the business. Therefore, 7-Eleven franchisees cannot be gainfully employed during their franchise period.<\/p>\n\n\n\n
Franchisees Must Attend A 12-Week Training Programme And Will Be Coached Continuously<\/strong><\/h3>\n\n\n\nTo ensure franchisees know how to operate and manage a 7-Eleven store independently, they are required to attend a 12-week comprehensive training programme. This includes in-house administration, operations, management and team member training.\u00a0As mentioned earlier, there is a training deposit of $5,000 and this is refundable upon the completion of training or when you take over the store.<\/p>\n\n\n\n
The training program will be conducted on a full-time basis and attachments to the training store on a 6-day work week and rotating 8-hour shift basis (7.00am to 3.00pm, 3.00pm to 11.00pm, or 11.00pm to 7.00am). All franchisees are required to attend the training in full. <\/p>\n\n\n\n
Franchisees are responsible for hiring their own team members.<\/p>\n\n\n\n
7-Eleven Assesses The Suitability Of Potential Franchisees<\/strong><\/h3>\n\n\n\nWhile no retail background is necessary as training is provided, becoming a 7-Eleven franchisee requires assessment. Some of the qualities they look out for include:<\/p>\n\n\n\n
Good interpersonal skills<\/li> Keen business sense<\/li> Good credit and ability to fulfil financial requirements<\/li> Ability to recruit, manage and motivate own team members<\/li> Being at ease using e-technology and equipment<\/li> Preferably with managerial or supervisory experience<\/li> Ability to effectively embrace change in a fast-paced retail business environment<\/li> Willingness to put in hard work with the franchisor\u2019s guidance<\/li><\/ul>\n\n\n\nWhy Set Up A Franchise VS Setting Up Your Own Business?<\/strong><\/h3>\n\n\n\nThe biggest difference between setting up a franchise and setting up your own business is the amount of support and precedence you have. With a new business, you have full autonomy over every aspect of your business, but it also means that you have to figure everything out from scratch – there are no templates or models to rely on. With a franchise, there is already a proven business model, supply chain, training and other forms of support depending on the franchisor.<\/p>\n\n\n\n
For first-time business owners, the support a franchise provides can be valuable. However, the drawback is that you would not be building your own brand but riding on the franchisor\u2019s brand or trademark, which in this case is 7-Eleven.<\/p>\n","protected":false},"excerpt":{"rendered":"$70,000 including franchise fee.\n","protected":false},"author":11,"featured_media":9156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[93],"tags":[1442,1443,1444,99],"yoast_head":"\n
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