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Post by Deleted on Nov 6, 2017 21:36:58 GMT 7
I've searched for prices but turned up nothing.
For a 7 franchise in Thailand, does anyone know the cost ?
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Post by Soutpeel on Nov 6, 2017 22:06:22 GMT 7
I've searched for prices but turned up nothing. For a 7 franchise in Thailand, does anyone know the cost ? Dated info i found and i quote..the master franchise is owned by CP The "Type B" franchise, which requires 1.5MM baht investment, will earn the franchisee between 20k-30k baht per month, and no more, based on meeting specific target results. You are essentiall buying a job as a manager in this scheme The "Type C" franchise, with a 3MM baht investment (and you also provide the location, owned or leased) pays 7-11 44% of gross margin, with the franchisee keeping 56%. A very tight margin business by the looks of it |
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Post by Deleted on Nov 6, 2017 22:11:39 GMT 7
I've searched for prices but turned up nothing. For a 7 franchise in Thailand, does anyone know the cost ? Dated info i found and i quote..the master franchise is owned by CP The "Type B" franchise, which requires 1.5MM baht investment, will earn the franchisee between 20k-30k baht per month, and no more, based on meeting specific target results. You are essentiall buying a job as a manager in this scheme The "Type C" franchise, with a 3MM baht investment (and you also provide the location, owned or leased) pays 7-11 44% of gross margin, with the franchisee keeping 56%. A very tight margin business by the looks of it 44%!!!! Greedy fkrs aren't they. Franchise fees fair enough but thats a joke. |
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smokie36
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Post by smokie36 on Nov 7, 2017 1:05:13 GMT 7
You'd look great behind the counter Hipster what with your ponytail and huge moobs.
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Post by Deleted on Nov 7, 2017 1:11:04 GMT 7
Dated info i found and i quote..the master franchise is owned by CP The "Type B" franchise, which requires 1.5MM baht investment, will earn the franchisee between 20k-30k baht per month, and no more, based on meeting specific target results. You are essentiall buying a job as a manager in this scheme The "Type C" franchise, with a 3MM baht investment (and you also provide the location, owned or leased) pays 7-11 44% of gross margin, with the franchisee keeping 56%. A very tight margin business by the looks of it 44%!!!! Greedy fkrs aren't they. Franchise fees fair enough but thats a joke.I I don't agree - go have a look at the turnover of 7/11 stores. And if possible, compare it to mom & pop stores in the same vicinity. I'd rather have 56% of 1 million than 100% of 100,000. A good maxim to remember is, Kris - It's not what it costs you, it's what it earns you/ |
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smokie36
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Post by smokie36 on Nov 7, 2017 4:22:51 GMT 7
You'd look great behind the counter Hipster what with your ponytail and huge moobs.
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Post by Deleted on Nov 7, 2017 9:58:52 GMT 7
44%!!!! Greedy fkrs aren't they. Franchise fees fair enough but thats a joke.I I don't agree - go have a look at the turnover of 7/11 stores. And if possible, compare it to mom & pop stores in the same vicinity. I'd rather have 56% of 1 million than 100% of 100,000. A good maxim to remember is, Kris - It's not what it costs you, it's what it earns you/ Of course but if the franchise is suggesting you'll be earning 30k a month (probably an average from so many 711 stores, then is it worth it still? Maybe it is or tgere wouldn't be so many around. |
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Post by Soutpeel on Nov 7, 2017 10:41:58 GMT 7
I don't agree - go have a look at the turnover of 7/11 stores. And if possible, compare it to mom & pop stores in the same vicinity. I'd rather have 56% of 1 million than 100% of 100,000. A good maxim to remember is, Kris - It's not what it costs you, it's what it earns you/ Of course but if the franchise is suggesting you'll be earning 30k a month (probably an average from so many 711 stores, then is it worth it still? Maybe it is or tgere wouldn't be so many around. Net or gross... |
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Post by Deleted on Nov 7, 2017 10:50:24 GMT 7
Of course but if the franchise is suggesting you'll be earning 30k a month (probably an average from so many 711 stores, then is it worth it still? Maybe it is or tgere wouldn't be so many around. Net or gross... Exactly. Gross I'd suspect |
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Post by rgs2001uk on Nov 7, 2017 16:21:47 GMT 7
I don't agree - go have a look at the turnover of 7/11 stores. And if possible, compare it to mom & pop stores in the same vicinity. I'd rather have 56% of 1 million than 100% of 100,000. A good maxim to remember is, Kris - It's not what it costs you, it's what it earns you/ Of course but if the franchise is suggesting you'll be earning 30k a month (probably an average from so many 711 stores, then is it worth it still? Maybe it is or tgere wouldn't be so many around.I stopped off at the service station just before the airport the other night, the only one between Bang Saen and Bkk, I counted 7 7-11s, that doesnt include the other Family Mart type places, the other side of the motorway is just the same. |
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Post by Soutpeel on Nov 7, 2017 17:25:34 GMT 7
Exactly. Gross I'd suspect Lets look at franchise B option...you drop 1.5m with a prospect of lets say average of 30k/m return....by my reckoning it will take you around 5 years to break even on your 1.5 mil invested...so you have self funded your own salary for the first 5 years and the frachisor had walked away with net They are not giving much away at all |
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Post by Deleted on Nov 8, 2017 6:55:04 GMT 7
Exactly. Gross I'd suspect I've only ever seen one 7/Eleven go bust. I'm prepared to believe that some of the country/lesser stores are making as little as 30,000 a month. It would need to be net, as the cost of rental and wages for a twenty-four hour operation would far exceed 30,000 per month. You'd need to figure in a wage cost of around 3,000 baht per day per store. Some of the better stores take funny money. I know of stores in Chiang Mai that can't keep up with the Chinese demand. If you told me these stores were netting 300,000 a month, I'd believe you. So it's the same old story - the franchisee's that have the luck or acumen to secure the best premises cream it. Those with remote and secondary stores get by. But here's the thing - I know of a couple of owners who have several secondary shops. I remember IanForbes talking about a girl he sponsored eventually owning three shops, and she financed a fourth shop for a pal. Many Thais would be delighted to own a 7/Eleven and have an income of 30,000 baht per month. Setting aside the money, the prestige of being a 7/Eleven owner sits well with them. Many more would be delighted to own 3 x 30,000 a month. Ecstatic to earn 100,000 a month or more from a prime store. It's not abnormal for franchise holders in any business ( McD's, KFC etc ) to own multiple outlets. I know a guy near me in Scotland that owns four McD's, for example. I reckon you are misunderstanding this business model on several levels. This is a numbers game, where a finely tuned franchisor supplies you with a steady stream of proven winner products. The cash supply comes from cash-rich enterprises - the usual suspects. There's a whole lot of cash that needs to find a home in Thailand. Hey, I noticed a brand new, high-tech, ahem, laundromat, starting up in Chiang Mai Gate recently. Laundry is big business, you know.  Remember that when you see seven 7/Elevens huddled together.  Anyway, I mentioned the idea of a 7/Eleven franchise to Jear. "No way, too much work," she said........take note time, Kris........."You can make more money supplying water." |
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Remember that when you see seven 7/Elevens huddled together. 
Jan 4, 2023 21:15:53 GMT 7
Jan 4, 2023 21:15:53 GMT 7
