Is 7-eleven a good franchise to run?
 

Hello! :)

Is 7-eleven a good franchise to run a shop for?

no.

Why not please?

All the 13 year olds steal all your candy :1orglaugh

I sell Slushies.

Ive always thought of opening a SubWay franchise.

I got all the info, just need the investment..

I don't know of anyone here who owns a 7-11 franchise, but there may be.

I was thinking about getting on the Quiznos wagon until Subway came out with toasted subs.

no :warning

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.

( Was on the business news today)

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.

What did they do instead? :)

i think a subway would be great, a lot less work than a 7-11. I thought about one, some years ago.

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.

most are open 24/7 ever day

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.:2 cents:

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...

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 :glugglug the shoplifters to not do it again. :winkwink:

it attracts scum

As a full time 7-11 cashier I can say that this is a fine organization.

erm...not sure I want to think about it

Approx how many hours/week does the owner work in the shop?

if you need info, i think their head office is in Karachi

no...been there done that. the profit margins suck, theiving employees on top of shoplifting losers.

Yeah and the thugs will shoot your employees for whatever cash is in the register.

Plus, your employees will steal 100 times more than the customers.

I worked for 7-eleven for awhile.
They run a tight ship and well polished.

As always in retail it's LOCATION, LOCATION, LOCATION.

If you are a working "Manager" then it can be quite a bit of work.
Lots of hours initially until you get your core crew going - LOTS.

Subway would be a good one. Or if it is cold where you live, a coffee shop.

i dont think owning a 7-11 store is good investment . . . . .


you would lose your money and patience . . . . .

try other business . . . . . .

its a license to print money ,dont listen to these people and the way adult is going its a better investment of your time.

If you have that kind of money to buy a 7-11 you should rather buy a Subway franchise.

One of my friends has 3 and makes bank.

G

"Thank you, come again" - Quote from White Castle.

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.

Better open a lottery stand then. :thumbsup

only if u can get a guy name apu to run it

bad idea unless you have an employee in a turret behind the counter

Convience stores = downgrade

if you want to make some $$

Try franchising a Jamba Juice

That's really sad becuase I think the most anyone ever gets from the lottery for sellling is 5%.

That's a shitty margin.

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...

Think long hours of work, you know 24/7. Exactly like working online except that you can't sleep in and work with your pajamas on.

It's like running a donut shop. Sucks.

http://www.entrepreneur.com/franzone...2-2004,00.html

looks good

i would say no. gotta worry about people staealing shit. getting robbed. whatever. something food service oriented might be better.

but finding the right people to run a good store is always hard.

Convenient stores make a ton of money but I would never buy a franchise.

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