The Sun Daily:
Want to be part of a successful convenience store chain?
7-Eleven Malaysia is now offering a franchise programme for local entrepreneurs to become partners in running its outlets which offer more than 2,000 products and services.
“It will be based on profit-sharing” 7-Eleven Malaysia Sdn Bhd executive director Ng Su Onn said.
“We don’t collect royalty, marketing contribution and service fees. What we do is share gross profit with the franchisees. We also share 50% of maintenance costs and 50% of electricity bills with the franchisees,” he said, adding the programme is based on a full support model.
“From our share of the gross profits, 7-Eleven is responsible for the expenses such as the licence of real estate, equipment, general insurance, royalties, inventory audit and mechandising services.”
As such franchisees avoid the risk of incurring prohibitive investment in building, equipment or committing a significant amount of fixed cost.
“Everything is set for them including training, marketing plans, suppliers and equipment. This post continues here.