How much does a 7-eleven franchise owner earn?

Answer 1

First to buy a 7eleven we look at franchisee gross profit.most of the stores in the market are of 200k gross profit which is not good enough to sit nd make profit.it is good if 2 of your family members are working in there.average gp is 10% of sales.

PAY IS CALCULATED AFTER YOUR HOURS.IF U WORK 40 HRS THEN U PAY FOR 128 HRS A WEEK.BT I USE TO WORK 72HRS TO MAKE MONEY COZ BIG CHUNK OF PROFIT IS TAKEN BY 7ELEVEN ON THE TOP THEY CHARGE FRENCHISE FEE WHEN U BUY WHICH NO OTHER FRANCHISE BUSINESS TAKE.

lets c if a store is doing

GP 200000/YR

EXPENSE 7000/YR

PAYROLL 133120/YR FOR EMPLOYEES + FRANCHISEE WORK FOR 40HRS/WEEK WHICH IS I TELL U AT END

SUPPER 12000 APPROX/YR

AUDIT VARIATION 10000 APPROX/YR

SO HOW MUCH A FRANCHISEE LEFT WITH

200000-7000-133120-12000-10000=37880 NOT EVEN ENOUGH IF U CALCULATE ACCORDING TO WORK WHICH WAS 41600.

TO MAKE MONEY I USE TO WORK 72 HRS COZ I INVESTED A LOT OF MONEY BT IN RETURN I HAD NO FAMILY LIFE MY WIFE ND KIDS STARTED HATING ME I WAS NEARLY DIVORCED.NO FRANCHISEE WILL TELL U THIS THING COZ NO ONE WANT TO LOSE THEIR MONEY FROM 7ELEVEN.AT THE END I SOLD BUSINESS.

THIS DEPICTS MOST OF THE 7ELEVEN OWNERS STORY.

SECONDLY I HAD ALL MY MONEY INVESTED BUT IF U GOT 50-60% LOAN YOU HAVE TO PAY AROUND 30K-35K INSTALMENT/YR SO U LEFT WITH NOTHING.

7ELEVEN IS GOOD SYSTEM BUT NOT GOOD BUSINESS INSTEAD IF THEY CHANGE FEW THINGS LIKE NO UPFRONT FRANCHISE FEE ND LESS SHARE OF GP.OR

THEY START PAYING THE EMPLOYEES ND GIVE 35% STRAIGHT TO OWNER.

SO IF U WANT TO BUY LOOK FOR THE GP MORE THEN 300K BUT THEY ARE DAM EXPENSIVE