No its not....take it from someone who was in the C-store business for a long time.
If you have the cash to get a C-store franchise then you have enough to buy a turnkey operation or something similar.
You're better off opening a McDonald's than "Jim's Burgers" for sure...but in the gas station/convenience store business branding isn't as important......people shop where its most convenient so there's no point in giving 7-11 half your profits (plus you have to eat all the inventory shrink and cash shortages out of your end)
I see. I did ask because here in Sweden, about half of the shops did a negative result the year of 2002. ( Many of the owners are forced to put in about 80 hours/week because they don't have the funds to employ people)
Here they has also left the "Swedish Franchise group" which should be a warning sign.
Originally posted by sarah_webinc my parents owned one when i was really little and my dad says they gave it up because he spent half his time chasing shoplifters.
Had some friends in the Bay Area that had 7-11's and they worked there ass's off. And you can not just hire someone 2 run one, you'll go busted.
A couple had one for 25 or 30 years, they made a lot of money but worked 7 day a week. She got shot once in the arm. If some can't show up for the late shift you got 2 work. Sold it for a ton
Other friends were from India, they had 3 store's and made a lot of money also. They had plenty of family 2 work in the stores.
If you can put up with ass hole's ( the public ) and ready for working a lot of hours.
Yes if the location is awesome, but for the most part I would have to say No. I know a few people that have tried owning one and it just didn't make them any money . The rents were to high and they had to follow to many rules and regulations from 7-11.
I have a very old friend of the family that owns a few in LA...but I think most of his money comes from other stuff, ie the other properties he owns...
as long as it makes you some profit and doesn't tie up a majority of your time to manage it should be well worth it...
best thing to do is go do some homework on where you would like to open one, local economy and location play big rolls in biz like that...
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Originally posted by developer What did they do instead?
My mom was finishing up her grad degree and became a teacher and my dad became a travel agent. They both had teaching degrees when they opened it. One of the good things was that when we moved house when I was a young teen I found a huge collection of unopened late 70s penthouses and hustlers in the attic and hid them so they moved to my bedroom in the new place and hence my sexuality was born.
Originally posted by sarah_webinc My mom was finishing up her grad degree and became a teacher and my dad became a travel agent. They both had teaching degrees when they opened it. One of the good things was that when we moved house when I was a young teen I found a huge collection of unopened late 70s penthouses and hustlers in the attic and hid them so they moved to my bedroom in the new place and hence my sexuality was born.
I see.
I bet your mother taught the shoplifters to not do it again.
I went to school with a guy whose father owned a 7-11 in an upper-class neighborhood, and they made quite a bit of money. He said that selling lottery tickets was one of the most profitable part of the store, ironically.
Originally posted by Goatse I went to school with a guy whose father owned a 7-11 in an upper-class neighborhood, and they made quite a bit of money. He said that selling lottery tickets was one of the most profitable part of the store, ironically.
Ok you have a lot of things to consider but I would suggest you do a little research and see what is lacking in your area. If it's a 7-11 then open one and you will make a profit but you won't if your area is oversaturated, So do the research and be prepared to work hard and you will do fine...
"I try to make a habit of bouncing my eyes up to the face of a beautiful woman, and often repeat “not mine” in my head or even verbally. She’s not mine. God has her set aside. She’s not mine. She’s His little girl, and she needs me to fight for her by keeping my eyes where they should be."
I always fancied opening a storage place in a college town but it wouldn't be worth it in the UK. Guess if I ever have to go back home I will look for a town..lol
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