There are 2240 7-Eleven outlets across the country as of 2020 June and this is one brand which Malaysians will not get enough of. While the initial franchise fees are quite high, venturing into this business can be quite profitable as it is an international brand. Furthermore, you will have help and assistance in terms of marketing and interior design as well as other areas like inventory and such.
The 7-Eleven name is very much synonymous with convenience stores across the world. From the United States to Bangkok, Malaysia and Singapore, 7-Eleven convenience stores are among the most visited outlets for consumers looking for any daily items.
The 7-Eleven business
To date, 7-Eleven is among the top brands among consumers across the world. It has more than 35,000 outlets across the world which was started back in 1927. This means it has been around for more about 90 years when it was only selling cold items. It then moved on to sell other products like dairy goods before expanding into becoming a convenience store found at almost every corner in major cities and towns.
What makes 7-Eleven such a great business to enter into is that it has a strong brand name. people from all walks of life visit 7-Eleven to buy daily goods. in fact, it is ‘the’ place to go for newspapers, cold drinks and some form of groceries. In Malaysia, 7-Eleven stores are operated by 7-Eleven Malaysia Sdn Bhd. It started in 1984 and has grown to become one of the most recognized names not only about the store but its signature products like Slurpee and Big Gulp too.
If you have been wanting to start a business in this retail line, then 7-Eleven might well be your first option. This is where you get to start a business without needing too much technical know-hows as you will be trained in areas like inventory, balance sheets and operations. A brand which won the Malaysian Franchise Association’s ‘Best Sales Growth’ Award in 2009, this is one of the best options you can consider. It now operates more than 1,000 stores in Malaysia and the number continues to grow.
Franchise 7-Eleven Malaysia
To enter into this franchise business, you will need to ensure that you have an acceptable location. This means that you will need to get an approval from the master franchiser so that there will be no two 7-Eleven stores located too close to each other. The franchise fees for this business is RM100,000 which is for a term of 10 years. On top of that, there is no charges for marketing or advertising and promotions. There is a royalty of RM1,000 from the first to fifth year and 1% of your monthly sales from the sixth to tenth year. With all that in, plus all the renovation and other charges, your initial start up cost would be around RM250,000.