fekman Posted January 12, 2016 Share Posted January 12, 2016 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. Link to comment Share on other sites More sharing options...
stoneyboy Posted January 12, 2016 Share Posted January 12, 2016 Use the search function this has been covered several times in the past. Link to comment Share on other sites More sharing options...
JHolmesJr Posted January 12, 2016 Share Posted January 12, 2016 Use the search function this has been covered several times in the past. Please summarise. Link to comment Share on other sites More sharing options...
stoneyboy Posted January 12, 2016 Share Posted January 12, 2016 Use the search function this has been covered several times in the past.Please summarise. Here. http://www.thaivisa.com/forum/topic/580025-i-am-considering-buying-a-711-franchise/ Link to comment Share on other sites More sharing options...
stoneyboy Posted January 12, 2016 Share Posted January 12, 2016 Use the search function this has been covered several times in the past.Please summarise. Or here. http://www.thaivisa.com/forum/topic/185262-anyone-runnig-a-7-eleven/ Link to comment Share on other sites More sharing options...
MaeJoMTB Posted January 12, 2016 Share Posted January 12, 2016 Summary, You take all the risks, then ......... If you make money 7-11 open their own branch opposite. Link to comment Share on other sites More sharing options...
stoneyboy Posted January 12, 2016 Share Posted January 12, 2016 Use the search function this has been covered several times in the past.Please summarise. Maybe this one here. http://www.thaivisa.com/forum/topic/599828-going-into-negotiations-to-open-a-7-11-franchise-help-needed/ Link to comment Share on other sites More sharing options...
JHolmesJr Posted January 12, 2016 Share Posted January 12, 2016 Summary, You take all the risks, then ......... If you make money 7-11 open their own branch opposite. Thanks...how hard was that stoneyboy? Link to comment Share on other sites More sharing options...
stoneyboy Posted January 12, 2016 Share Posted January 12, 2016 (edited) Use the search function this has been covered several times in the past.Please summarise.Or this one here.That concludes my summary,the cricket is getting exciting. Don't do it to risky ok JHolmes. http://www.thaivisa.com/forum/topic/264427-7-eleven-topic-again/ Edited January 12, 2016 by stoneyboy Link to comment Share on other sites More sharing options...
Rob13 Posted January 12, 2016 Share Posted January 12, 2016 ,the cricket is getting exciting. I guess there's a first for everything. Link to comment Share on other sites More sharing options...
SoiBiker Posted January 12, 2016 Share Posted January 12, 2016 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. Link to comment Share on other sites More sharing options...
The Big Mango Posted January 12, 2016 Share Posted January 12, 2016 Good luck if you think you'll return 600k net return per annum on 1.5m investment ! Link to comment Share on other sites More sharing options...
Rob13 Posted January 12, 2016 Share Posted January 12, 2016 50K baht per month income from a 7-11 sounds pretty reasonable. Link to comment Share on other sites More sharing options...
The Big Mango Posted January 12, 2016 Share Posted January 12, 2016 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 Link to comment Share on other sites More sharing options...
steven100 Posted January 12, 2016 Share Posted January 12, 2016 100 times 7-11 has been mentioned. simple answer - if you have 20 million to start and your happy with 5-6% ROI then go for it. Link to comment Share on other sites More sharing options...
tolsti Posted January 12, 2016 Share Posted January 12, 2016 Do you want TV members to research anything else for your obviously well laid out business plan? Link to comment Share on other sites More sharing options...
The Big Mango Posted January 12, 2016 Share Posted January 12, 2016 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 ? Link to comment Share on other sites More sharing options...
Rob13 Posted January 12, 2016 Share Posted January 12, 2016 1.5 Mil baht's only about 40K USD. Sounds too cheap for a major franchise,even in a 3rd world backwater like Thailand. Link to comment Share on other sites More sharing options...
cyberfarang Posted January 12, 2016 Share Posted January 12, 2016 How does a Farlang get around the legalities of running a 7-11 in Thailand? Link to comment Share on other sites More sharing options...
The Big Mango Posted January 12, 2016 Share Posted January 12, 2016 Great question , how do i illegally own a 7/11 franchise. 5555 Link to comment Share on other sites More sharing options...
steven100 Posted January 12, 2016 Share Posted January 12, 2016 (edited) 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 .. Edited January 12, 2016 by steven100 Link to comment Share on other sites More sharing options...
The Dancer Posted January 13, 2016 Share Posted January 13, 2016 (edited) 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. Edited January 13, 2016 by The Dancer Link to comment Share on other sites More sharing options...
Xriz Posted January 13, 2016 Share Posted January 13, 2016 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! Link to comment Share on other sites More sharing options...
1FinickyOne Posted January 13, 2016 Share Posted January 13, 2016 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... Link to comment Share on other sites More sharing options...
kannot Posted January 13, 2016 Share Posted January 13, 2016 Your biggest problem will be the staff.....they work on a a " can I be bothered to go in today" basis Link to comment Share on other sites More sharing options...
kannot Posted January 13, 2016 Share Posted January 13, 2016 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 Link to comment Share on other sites More sharing options...
ldiablo Posted January 13, 2016 Share Posted January 13, 2016 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. Link to comment Share on other sites More sharing options...
nottocus Posted January 13, 2016 Share Posted January 13, 2016 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. Link to comment Share on other sites More sharing options...
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