Question posted by braaajbriones on March 7th, 2023
How Much Does It Cost To Franchise A 7-eleven In The Philippines?
Current Answers
Answer #1: Posted by mortalzesan on March 7th, 2023 7:26 AM
In addition to the franchise fee, there are also ongoing royalty and advertising fees that the franchisee is required to pay to 7-Eleven. These fees are usually a percentage of the store's gross sales and can vary depending on the agreement between the franchisor and franchisee.
It's important to note that franchise fees and other costs associated with franchising can change over time, so it's best to check with 7-Eleven directly for the most up-to-date information on franchise costs in the Philippines.
Answer #2: Posted by SonuKumar on March 7th, 2023 7:31 AM
Franchising a 7-Eleven store in the Philippines requires a significant investment. As of my knowledge cutoff of September 2021, the franchise fee for a single 7-Eleven store in the Philippines was around 1.5 million to 2.5 million Philippine pesos (approximately $30,000 to $50,000 USD). This fee covers the use of the 7-Eleven brand name, trademarks, business model, and ongoing support from the company.
In addition to the franchise fee, you will also need to consider other costs such as the store's location, leasehold improvements, equipment, initial inventory, and staffing expenses. According to 7-Eleven Philippines, the total investment required to open a 7-Eleven store can range from 3 million to 5 million Philippine pesos (approximately $60,000 to $100,000 USD) or more, depending on various factors.
It's important to carefully review the franchise agreement and other documents provided by 7-Eleven before committing to a franchise. You may also want to consult with a business or legal advisor to help you understand the terms and requirements of the franchise and ensure that it's the right choice for your business goals and financial situation.
Please respond to my effort to provide you with the best possible solution by using the "Acceptable Solution" and/or the "Helpful" buttons when the answer has proven to be helpful.
Regards,
Sonu
Your search handyman for all e-support needs!!
Similar Questions
There are many 7-Eleven stores worldwide but my country does not have one. I will like to know what ...
I wanted to load my paymaya but I can't seem to find a branch here. I'm only here for a 3-day vacati...
I have seen huge 100-ounce mugs that you get from 7-11. They are the huge plastic mugs that you keep...
i am interested to earn part time
As I travel throughout the united states I often see 7-eleven almost everywhere. Not to mention on t...