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Posted

Does anyone have intimate information about someone who owns, or did own, a 7-11 here?

I understand that 7-11 controls a lot of your business, they take a big cut, and they can put one across the street from you.

There is a reason why there are so many. The business model is strong. I've never seen one close either. Has anyone else? Parent company has a big interest in getting a good location and seeing you succeed.

I like the entry point, about 1-1.5 million baht, from what I've read. This is low enough that the risk-reward is comfortable, yet high enough to keep the average Thai from getting in.

I chatted up a guy who said his wife owns 4 in the NE region. They aren't very busy, yet profitable. Nets about 200-250k a month total, and only put up about a million per store. Also, she has a regional manager who manages all 4, and claims the system is very steamlined, and she puts forth minimal effort.

I'd be happy with a 600k a year return on a 1.5million investment, if the ongoing management required minimal effort on my part.

Posted

I've seen one close, on the corner of Sukhumvit 33. After extensive remodeling, it reopened - as a Family Mart. There's now another 7-11 across the street, where the Londoner used to be.

Posted

But not on an investment of 1.5m thats for sure , CP All have many franchise options for 7/11 and 1.5 is for the lowest entry with minimal returns , they go up to considerable more than that and please note a foreigner cannot be franchisee

Posted

In fairness sounds like he just got off the last plane and has thise rose tinted glasses firmly on so we should give a bit of slack i guess .

But so you can consider your options...

http://www.cpall.co.th/contentlv2.aspx?ctlv1=6&ctlv2=%C3%A0%C2%B8%C2%82%C3%A0%C2%B8%C2%B1%C3%A0%C2%B9%C2%89%C3%A0%C2%B8%C2%99%C3%A0%C2%B8%C2%95%C3%A0%C2%B8%C2%AD%C3%A0%C2%B8%C2%99%C3%A0%C2%B8%C2%81%C3%A0%C2%B8%C2%B2%C3%A0%C2%B8%C2%A3%C3%A0%C2%B9%C2%80%C3%A0%C2%B8%C2%9B%C3%A0%C2%B9%C2%87%C3%A0%C2%B8%C2%99%C3%A0%C2%B9%C2%81%C3%A0%C2%B8%C2%9F%C3%A0%C2%B8%C2%A3%C3%A0%C2%B8%C2%99%C3%A0%C2%B9%C2%84%C3%A0%C2%B8%C2%8A%C3%A0%C2%B8%C2%AA%C3%A0%C2%B9%C2%8C

Yes its in Thai but of course you are able to read , write and speak fluently allready otherwise its a pretty daft idea right ?

Posted

1.5 Mil baht's only about 40K USD. Sounds too cheap for a major franchise,even in a 3rd world backwater like Thailand.

Posted

1.5 Mil baht's only about 40K USD. Sounds too cheap for a major franchise,even in a 3rd world backwater like Thailand.

1.5m is not correct .... shit .. you might get a fruit juice cafe next to KFC for that !!

they want to see 15 - 20 mil .... ok ..

Posted

OP: Darling, I really want us to be happy together. This teacher's salary is really small I know and living in this 1-room is hard. I will think of something.

GF: Daling, I alledy thinking for you.

OP: Really?

GF: Leally. Make 7.

OP: What?

GF: 7/11. You giv me 1.5million open 7 after no ploblem. One year 600,000 plofit. See-sip percent ok? Amerika no have see-sip percent plofit. Thailand diffelent.

OP: Wow, that's pretty cool. I think I could scrape 1.5mil together if I sell off everything back home. But darling I wouldn't want to stress you running a shop.

GF: No stess. You limember my bluther?

OP: Yeah, sure, the good-looking kid who stays over when I am not around to make sure no harm comes to you in this crappy neighborhood.

GF: Chai, him no evelything 7. You giv money, I open 7, him take care. After you sleep, boom-boom, relak, just evely month 31 day you count plofit, Ok?

OP: Sounds like a plan.

Posted

OP: Darling, I really want us to be happy together. This teacher's salary is really small I know and living in this 1-room is hard. I will think of something.

GF: Daling, I alledy thinking for you.

OP: Really?

GF: Leally. Make 7.

OP: What?

GF: 7/11. You giv me 1.5million open 7 after no ploblem. One year 600,000 plofit. See-sip percent ok? Amerika no have see-sip percent plofit. Thailand diffelent.

OP: Wow, that's pretty cool. I think I could scrape 1.5mil together if I sell off everything back home. But darling I wouldn't want to stress you running a shop.

GF: No stess. You limember my bluther?

OP: Yeah, sure, the good-looking kid who stays over when I am not around to make sure no harm comes to you in this crappy neighborhood.

GF: Chai, him no evelything 7. You giv money, I open 7, him take care. After you sleep, boom-boom, relak, just evely month 31 day you count plofit, Ok?

OP: Sounds like a plan.

555 spot on!

Posted

Yes, I did see one close as others seem to open near any school. A friend looked into it and figured the profit would be about = to having a managers job… having employees is never a lot of fun as they sometimes do things not covered in the manual - when you calculate your return on investment, remember that you also are working a job…

Good luck if you give it a go or not...

Posted

Your biggest problem will be the staff.....they work on a a " can I be bothered to go in today" basis

Posted

50K baht per month income from a 7-11 sounds pretty reasonable.

I can get way more than that renting rooms out with much less hassle on a daily basis

Posted

OP: Darling, I really want us to be happy together. This teacher's salary is really small I know and living in this 1-room is hard. I will think of something.

GF: Daling, I alledy thinking for you.

OP: Really?

GF: Leally. Make 7.

OP: What?

GF: 7/11. You giv me 1.5million open 7 after no ploblem. One year 600,000 plofit. See-sip percent ok? Amerika no have see-sip percent plofit. Thailand diffelent.

OP: Wow, that's pretty cool. I think I could scrape 1.5mil together if I sell off everything back home. But darling I wouldn't want to stress you running a shop.

GF: No stess. You limember my bluther?

OP: Yeah, sure, the good-looking kid who stays over when I am not around to make sure no harm comes to you in this crappy neighborhood.

GF: Chai, him no evelything 7. You giv money, I open 7, him take care. After you sleep, boom-boom, relak, just evely month 31 day you count plofit, Ok?

OP: Sounds like a plan.

I laughed so hard I think a little pee may have just come out.

Posted

OP: Darling, I really want us to be happy together. This teacher's salary is really small I know and living in this 1-room is hard. I will think of something.

GF: Daling, I alledy thinking for you.

OP: Really?

GF: Leally. Make 7.

OP: What?

GF: 7/11. You giv me 1.5million open 7 after no ploblem. One year 600,000 plofit. See-sip percent ok? Amerika no have see-sip percent plofit. Thailand diffelent.

OP: Wow, that's pretty cool. I think I could scrape 1.5mil together if I sell off everything back home. But darling I wouldn't want to stress you running a shop.

GF: No stess. You limember my bluther?

OP: Yeah, sure, the good-looking kid who stays over when I am not around to make sure no harm comes to you in this crappy neighborhood.

GF: Chai, him no evelything 7. You giv money, I open 7, him take care. After you sleep, boom-boom, relak, just evely month 31 day you count plofit, Ok?

OP: Sounds like a plan.

I laughed so hard I think a little pee may have just come out.

That's funny.

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