Business
For as low as 300,000 you can now franchise a 7-Eleven store
Did you know that you can manage your own 7-11 outlet for as low as P300,000?
Yes, just P300,000 for a 7-11 franchise.
Here are more information about this franchising opportunity.
Philippine Seven Corporation (PSC), country franchisee and convenience store operator of 7-11 stores in the Philippines, is offering interested franchisees an opportunity to operate their own 7-11 store outlet for just P300,000.
About 7-Eleven
In 1927, Texas-based company Southland Ice Company pioneered the concept of convenience stores by opening stores that sell bread, eggs, and milk even after regular store hours. In 1946, the company renamed to 7-Eleven to reflect its then operating hours of 7:00 AM to 11:00 PM.
In 1982, 7-11 arrived in the Philippines after Philippine Seven Corporation (PSC) acquired the license to operate it in the country.
As of 2016, PSC runs a total of 1,995 stores nationwide, securing a 70% market share in the convenience store category in the Philippines.
Currently, more than 55% of all 7-11 stores in the Philippines are franchised.
The P300,000 Franchise Offer
Under the new 7-11 offer, franchisees need only pay P300,000 to take over an existing corporate store — that is, an outlet that has already opened and being operated by PSC for at least one year.
Do note, though, that the P300,000 payment is a mere deposit (sort of a “franchise fee”), which may be returned to the franchisee if and when the franchising contract is terminated without violation.
Of course, the P300,000 is just one of the, and not the only, cash outlay the franchisee has to shell out in order to continue operating the store.
The franchise owner has to spend on, among other things, employee wages, inventory stocks, and other store operating costs.
PSC, however, is offering to waive charges on electricity and maintenance on these franchised stores.
Sources: pinoymoneytalk.com
