7 hours ago, Venom said:

CP chicken group owns both Tesco Lotus and 7-eleven.

David Read joined Tesco from the George Cohen 600 Group. He bought into Lotus here, i was invited by David to their first Grand Venture. To me looking back its like the Vines have gown back over Angor Watt. Good Heavens i cant go into certain areas anymore for fear of spewing up from the stink.

My mate had a pal coming to visit him for the first time in Bang Chang Phone rings " I'm outside 7/11 which way to your house? ''     '

I agree with the Seven Eleven franchise.  We need more stores in Ban Chang.

I am not Thai so I cannot get much informations due to language problems.

But I do believe Thai businessmen who put their money in 7/11 know that if they failed in the business there is very little sunken costs.(sunken cost are install structure that cannot be removed if you quit the premises).

They just remove all the fridges and cupboards or even lighting fixtures. They may have paid for renovation for floors and walls. But that's peanuts.

No sunken costs means no heavy investment.

By all mathematical calculations the risk is worth it. Anyway, those businessmen who are in this game are super rich, what they put on 7/11 is such small money investment but the return is good. Better returns than when they flew to Macau Casinos to try their luck, in the long run that is.

If the shop gets busy, money comes in non-stop. The one next to my guesthouse in Bangkok is open 24 hours and always customers in there.

If you try to open a shop selling the same stuffs you will most likely fail because Thais are so used to going to 7/11 they wouldn't notice your shop.

My guesthouse owner owns 4 of this 7/11 in bangkok, i guess he is printing money.

 

2 hours ago, pineapple01 said:

David Read joined Tesco from the George Cohen 600 Group. He bought into Lotus here, i was invited by David to their first Grand Venture. To me looking back its like the Vines have gown back over Angor Watt. Good Heavens i cant go into certain areas anymore for fear of spewing up from the stink.

You should be No Nose John . That Fermented Fish Slop stinks worse than a Cross Chanel Ferry Pss Corner.Macro is a pleasure to visit,as is Tops in Central Plazas.