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7-11 franchise becomes more affordable

Discussion in 'Banking - Investing - Finances' started by DavyL200, Jul 21, 2016.

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  1. DavyL200

    DavyL200 DI Forum Luminary ★ Global Mod ★ ★ Moderator ★ Highly Rated Poster Showcase Reviewer

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    LEADING convenience store operator Philippine Seven Corp. (PSC) is hatching a more affordable 7-Eleven franchising package, seeking to cement market leadership as competition heats up in this 24/7 retailing format.
    Seven Corp. (PSC) is hatching a more affordable 7-Eleven franchising package, seeking to cement market leadership as competition heats up in this 24/7 retailing format.

    PSC is now piloting a franchising program whereby people who are hard-working and with a good track record can invest less than P1 million to put up a 7-Eleven store, much lower than the usual P3.5-million investor package offered by the company, PSC president Jose Victor Paterno told reporters in a press briefing ahead of the company’s stockholders meeting on Thursday.

    The company has pioneered the convenience store format in the Philippines as the master licensee owner for 7-Eleven but this retailing space has attracted new players in recent years.

    7-Eleven franchising for less than P1M
     
    DavyL200, Jul 21, 2016
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  2. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    To late now for Dumaguete. I wanted to go in on a 7-11 franchise, or their competitor MiniStop with a local friend here several years ago. Back then the franchising fee was $50k USD but that included all equipment plus a full initial inventory. I'd be curious if these P1 M "franchising package" includes equipment and a full inventory stock. ROI back when I was looking at it was estimated at 3-4 years (I suspect sooner if you find an area that doesn't already have one on every corner).

    The catch here is that only locals my own a franchise and 7-11 HQ isn't going to allow a foreigner to buy a franchise under a corporation that's used to get around Philippines laws. The second you show up for the mandatory franchise presentation they will shut that down.
     
    • Informative Informative x 1
    Rye83, Jul 21, 2016
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  3. Show Pony

    Show Pony DI Forum Patron Highly Rated Poster Showcase Reviewer

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    I stood at a crossroad in Taipei and counted fourteen 7-11 stores without having to walk anywhere.
    A few years ago there was a gas station in Dauin, one on a side street in Bacong and one just before Robinson.
    At last count there are 15 gas stations between Dauin and Robinson.
    If 7-11's go up like that I'll be very happy. No more need to go to the city for soft ice cream :smile:
     
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    Show Pony, Jul 21, 2016
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  4. RR_biker

    RR_biker DI Senior Member Veteran Marines

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    It's only a matter of time that gasoline stations will shut down even faster than they were started up due to lack of enough customers and a turn over which hardly can made any profit.. Same applies for 7/11 stores. What they do now to minimize the investor package to only 1 million peso is to try to keep on track to extend their network. But even a 7/11 store needs a minimum visit of daily customers to be profitable of course.
     
    RR_biker, Jul 22, 2016
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  5. Dave_Hounddriver

    Dave_Hounddriver DI Forum Luminary Highly Rated Poster

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    It seems easy to have a 7-11 type store. Just take Mom 'n Pops sari sari store, put up a 6-12 sign and put up the prices by 25%. Voila! A 7-11 type store.
     
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    Dave_Hounddriver, Jul 22, 2016
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