711 Franchise Review may be the answer to your search for a family business.
We are sure there are not too many of you that are not familiar with the 7-11 Convenience Stores as they have been around for as long as we can remember,so we hope this 711 Franchise Review is helpful.
In this 711 Franchise Review, we will offer you our opinion based on actual experience meeting with 7-11 and almost becoming a Franchise owner!
We decided to start our own internet business instead.
Why an internet business instead?
The following should give you some idea as to which business route is a better choice.
Not all of you will see this choice as best, but there are definite advantages.
We began our 711 Franchise Review by submitting an application that I think we located on the internet one day searching for a way to earn some money and not be tied to a BOSS and JOB.
We forgot about it until one of their District Managers contacted me a few months later.
We met several times over several months. This seemed to be his style as he got to know me and probably weeded out other candidates.
It wasn’t until about the fifth meeting that we got very serious in the business review and he advised me I was in the running for a couple 7-11 stores. Not 1 but TWO stores…cool.
I was impressed with the 7-11 Franchise opportunity for several reasons:
1. Their presentation, including a power point type overview of the business, its philosophies, and its use of technology in running and growing the business was quite impressive.
2. I especially was surprised at how they track inventory and have specific suppliers all tied into a network of systems that distribute to your store, to supply the inventory needed in a just in time (JIT) approach.
The tracking of how much volume of a particular item on your store shelves with a re-ordering methodology so your shelves are never without an item that can cut profit from your pocket was very impressive.
Then the important stuff came up:
I also asked if my first year gross profit of $70000 was reasonable. (This was back around 2005). This 711 Franchise Review would not be complete without discussing a bit about earnings. BUT, money isn’t everything; freedom of being your own boss may have no real price tag.
The reply was “it would be a stretch to expect that in your first year”.
The 7-11 Franchise opportunity includes a lot of financial assistance from 7-11. My out of pocket cost to get into this Franchise was not as much as I thought. There was also an amount I would need to “finance”.
Then another issue was discussed:
You have to hire employees, and yes, deal with making sure they show up for work (if they don’t, you do!) as the store is open 24/7.
You also need to advertise. 711 Franchise Reviews will help you in all this and they send two people to a comprehensive training before you start your own store. The stores are franchised for 11 years if you are selected to get one. They give you a complete financial disclosure of the store you are considering to review.
The 7-11 Franchise recruiting effort included a thorough review of your background regarding how well you will match their expectations for a store owner.
They don’t just sell you a franchise, without being pretty sure you will succeed. That makes sense, as if you fail, so do they! That I was impressed with; although you would hope that’s how any business would recruit!
Your profits are totally dependent on your stores sales minus expenses.
Again they said to expect the first year to be no where near my $70000 annual gross wage I was looking for. Expenses include a franchise fee (royalty) that you pay the parent company.
Why would I select an internet business over a franchise as like this 711 Franchise Review?
I’ll list a few reasons in brief: no employees, no people hassles, no limit to how much I wish to make, I make my own hours and much less than a 24/7 operation, quicker profitability (much less than one year), no royalty fee to anyone; I keep every penny I make, and extremely low start up cost vs.this example plus what is financed.
In my business I get to work with all kinds of people looking for a business opportunity, to make extra cash, or to improve their websites sales. This is all rewarding which you can’t place a price tag on.
Our top program information is here, and we encourage you to take it for a test drive to
see how we earn multiple residual incomes and offer FREE support to anyone thats simply
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We hope this 711 Franchise Review was helpful as it is a great company from what we experienced.