how to open 7 eleven franchise in thailand

by Angelica Kilback Published 1 year ago Updated 1 year ago

How to open a 7-Eleven franchise?

Ensure you have adequate capitalization. In order to open a 7-Eleven franchise, you must have a net worth of more than $100,000.
Appreciate the investment required for a store franchise. ...
Evaluate your prior experience and strengths. ...
Assess market availability. ...
Submit your application. ...
Receive approval & opening your 7-Eleven franchise. ...

Full Answer

Are 7-Eleven franchisees profitable?

On average the 7-Eleven franchise profit is about $1-1.9 million a year. As a 7-Eleven franchise owner you get about 48% of annual profit margin from total sales. That’s $339,000 for non-fuel stores and $365,300 for fuel stores. 7-Eleven is a well-known brand that provides high quality products, which makes it a great business opportunity.

How do I become a 711 franchisee?

Candidates for a 711 franchise in the United States must: Have retail, management or customer service experience Have not filed for bankruptcy in the last seven years Be able to obtain all the necessary permits and licenses to open and operate the store

Who is the owner of 711 in Thailand?

7-Eleven franchise in Thailand is owned by CP All Public Company Limited, itself owned by Charoen Pokphand Group, Thailand’s largest private company, and one of the world’s largest conglomerates.

How many 7-Eleven stores are there in the world?

With over 55,800 locations in 16 countries, the 7-Eleven brand is one of the largest convenience store franchises in the world. As of publication, of the 7,800 stores located in the United States, 6,400 are owned and operated by franchisees.

How long does it take to open a 7-11?

How many states does 7-11 have?

Does 7-11 take care of franchisees?

Does 7-11 have a seminar?

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How much does it cost to open a 7-Eleven franchise in Thailand?

The costs vary by area, but the initial capital and fee required is upwards of $150K, and the total investment may range between 1,480,000 £ 2,630,000 ฿ million. Identify the time requirements to not only open the business, but also to operate the business and supervise a staff of 7 to 10 employees.

How much does it cost to open a 7-Eleven franchise?

Your initial investment includes three major components: An initial franchise fee of $25,000. An inventory down payment between $20,000 and $40,000, plus an initial cash register fund.

How much do 711 franchise owners make?

The average salary for a Franchise Owner is $68,284 per year in United States, which is 51% lower than the average 7-Eleven salary of $140,208 per year for this job.

Is owning a 7/11 franchise profitable?

Is owning a 7-Eleven profitable? In terms of profit, 7-Eleven franchise owners can average $50,000 – $75,000 for their salary. There are some reasons why some 7-Eleven franchises perform better than others that I'll explain below.

What is the most profitable franchise?

Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•

How much does a 7/11 make a year?

Average 7-Eleven hourly pay ranges from approximately $10.50 per hour for County Clerk to $19.54 per hour for Store Manager. The average 7-Eleven salary ranges from approximately $15,000 per year for Order Administrator to $73,485 per year for District Manager.

What is Starbucks franchise fee?

What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.

What is the cost of McDonald's franchise?

The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.

How much do franchise owners make a year?

According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.

How can I own a Starbucks franchise?

You can't. Starbucks Coffee doesn't franchise. Even though franchising is a classic, successful growth strategy for myriad beloved, familiar brands, Starbucks does not grant franchises. It's not because franchising isn't a time-tested model for growth.

How much do Circle K owners make?

How much does a Franchise Owner at Circle K make? Franchise Owner salaries at Circle K can range from $50,717-$55,330.

How much money does a convenience store make?

The average convenience store gross profit margin sits around $450,000. Keep in mind that this is just one location. Eventually, you'll want to expand to multiple locations to maximize profits. Here are four ideas to help your c-store thrive in 2022.

What is Mcdonalds franchise fee?

a $45,000McDonald's Corporation has 38,000 restaurants in 100 countries and 93% of them are franchise operations. McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee.

How much is it for a Starbucks franchise?

Initial Start-Up Funding The average cost to license a Starbucks store is $315,000. You'll also need $700,000 in liquid assets to be considered.

26 Pros & Cons Of Starting A 7 Eleven Franchise Business (2022)

Pros Description Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Stores Available - 7-Eleven Franchising

Goodwill Goodwill Stores are owned by Franchisees who are interested in selling to other qualified Franchisees.

New 7‑Eleven Franchisee - 7-Eleven Franchising

To franchise with 7‑Eleven, you must: Have U.S. citizenship (or permanent residency) and be at least 21 years old; Pass a comprehensive background check

Find Your International Territory or Store

Click the map below to explore new markets and select your preferred country in the contact form for master franchising.

Existing Markets

Internationally, the following territories offer individual store franchise opportunities: Australia, China (Beijing, Guangdong Province), Denmark, Hong Kong, Japan, Malaysia, Norway, Philippines, Singapore, South Korea, Sweden, Taiwan and Thailand.

How many hours a week should I work to buy 7/11?

I was told that if you want to buy 7/11 you better put 60 hours a week minimum (not something you can do part time) for 30k a month.

How far can a store be from you?

You basically have no control since they can open a store just 50 feet away from you and no choice to the location of the store.

Can you order from TOPS in Bangkok?

True but is changing as here in Bangkok can order from TOPS for same day delivery, often at less cost than going out to a 7-11. Expect they will co-exist for a long time to come but afraid the profit may shrink. In OP case, not being on-site full time, would place shrinkage as a real issue unless he has a very good manager (and expect that would cost).

Is Google 7-11 available in Thailand?

Google 7-11 in Thailand and a wealth of info becomes available some from Thai Visa archives. It appears the key to profitability is funding the stat up and the location and if you are the land owner then you are in the driver's seat. For most people- unless you already own the land- a land purchase in Bangkok would make it very costly to even think of a return on investment.

Is it hard to control a franchise in Thailand?

It's hard enough when you have full control but I'd reckon near impossible in a franchise situation and especially in Thailand where things don't seem to be straight forward.

Is there a 7-11 in Thailand?

You are aware that there already is a 7-11 just about everywhere in the country and that the world, and Thailand is part of this world, is rapidly turning to home delivery for most items; including food. Currently the three largest supermarkets offer this service here in Thailand and it is expanding. Suspect this may not be a positive sign for stand alone stores.

Do people buy groceries at 7-11?

To a certain extent its 2 different markets, people dont buy there weekly groceries at 7-11 and people dont go to the supermarket for a can of coke and a cheese toasty.

How much does a 7-11 franchise cost?

How much does 7-Eleven franchise cost? 7-Eleven has the franchise fee of up to $1,000,000, with total initial investment range of $53,600 to $1,163,000. Initial investments: $53,600 - $1,163,000.

What is 7-11?

7-Eleven Inc. is a Japanese-owned American international chain of convenience stores, head quartered in Dallas, Texas. The chain was known as Tote'm Stores until it was renamed in 1946. In 1946, the chain's name was changed from "Tote'm" to "7-Eleven" to reflect the company's new, extended hours, 7:00 am to 11:00 pm, seven days per week.

How long does it take to open a 7-11?

Aspiring business owners wanting to open a 7-Eleven store can purchase a franchise by following several steps, which typically takes 60 to 120 days to complete. The initial franchise fee is based on each store's gross profit and can range from $50,000 to $750,000.

How many states does 7-11 have?

As of 2019, 7-Eleven has franchise locations available in 30 states. You can check the Available Locations page to find the most up-to-date list of available states. If you have a location in mind not listed on that page, you can submit a site to the 7-Eleven real estate team by providing your name, phone number, ...

Does 7-11 take care of franchisees?

As a franchisee, you receive a fully stocked, turnkey store; 7-Eleven takes care of all purchasing land and building and stocking the store. Along with the initial franchise fee, you're still responsible for the following fees:

Does 7-11 have a seminar?

Though not required, the seminars 7-Eleven offers provide you with the information needed to start the application process and can answer your questions about the brand. You can find upcoming seminars via the 711 franchise page.

How much does it cost to buy a 7-11 franchise?

What Does a 7-Eleven Franchise Cost? To buy a franchise with 7-Eleven, you'll need to have $50,000 - $150,000 in liquid capital and a minimum net worth of $150,000. Franchisees can expect to make a total investment of $37,200 - $1,635,200. 7-Eleven charges a franchise fee of $0 - $1,000,000. They also offer financing.

Why is 7-11 considered a franchise?

A Business System That Stands Apart: 7-Eleven ® is consistently singled out as one of the top franchise opportunities in the country because the company makes such an investment in continuously innovating new structures and services to better serve franchisees. The franchise focus of 7-Eleven is on delivering proactive customer service to our franchisees in every aspect of their business. Through all of its products, services and relationships, 7-Eleven makes life more convenient for their guests, communities, Franchise Stores, and partners.

Does 7-11 have military incentives?

7-Eleven knows our U.S. military veterans have the skills it takes to join our leadership ranks. That’s why we offer special military incentives to make franchising with 7-Eleven that much easier. If you’re ready to take the next step in your career, consider these perks to get you started:

Who owns 7-11 in Thailand?

11. 7-Eleven Thailand is owned by the richest family in Thailand. 7-Eleven franchise in Thailand is owned by CP All Public Company Limited, itself owned by Charoen Pokphand Group, Thailand’s largest private company, and one of the world’s largest conglomerates.

How many 7-11 stores are there in Thailand?

There is more than 11,700 7-Eleven stores in Thailand! Thailand hit the second place after only Japan that counts more than 20,700 of them! But Bangkok has the highest concentration of shops per city with over 4,556 franchises in the Bangkok Metropolitan Region (44% of the shops in Thailand) in 2019.

Who owns the Charoen Pokphand Group?

The Chearavanont family owns the Charoen Pokphand Group and is Thailand’s richest family with a net worth estimated at a whopping $36.6 billion (1,166 billion baht) by Forbes.

Which country has the second highest number of 7-11?

2. Thailand has the second-highest number of 7-Eleven in the world

When did 7-11 stop using plastic bags?

Like other big retailers in Thailand, 7-Eleven have stopped the use of single use plastic bags since Jan 1st 2020.

Does 7-11 use stamps?

People used 7-Eleven Stamps to send mail. Every year, 7-Eleven Thailand runs a promotion that includes stamps to collect. If you know Thais creativity, you’re not gonna be shocked to hear that some people tried to use these stamps to send their mail.

Can you buy alcohol at 7-11 in Thailand?

In Thailand, It’s really common when your order or book something online to have the option to pay at 7-Eleven counter. 5. You can’t buy alcohol at 7-Eleven on the highway. Like every other shops in Thailand, 7-Eleven do not sell alcohol before 11 am and between 2 and 5 pm.