Archive for Author 'Toni Antonetti', only excerpts shown, click title for full entry.
By Teeto Shirajee, NCASEF Vice Chair One of the most important things I always tell franchisees is that you cannot fully understand your store’s financial health unless you understand your reports. The 11A Detailed General Ledger Report is one of the most useful tools available because it gives you a complete breakdown of the charges, […]
By Sukhi Sandhu, Chairman, NCASEF The past several months have brought significant changes to the leadership team at 7-Eleven, Inc. Long-time executives who were familiar faces to franchisees and FOA leaders—including former CEO Joe DePinto and Senior Vice Presidents Randy Quinn and Dennis Phelps—have departed the organization. Like many franchisees across the country, I was […]
By Eric Karp, General Counsel To NCASEF The parent company of 7-Eleven, Inc. (SEI) held an Investor Relations Day on April 23, 2026, based on a detailed PowerPoint presentation, 15 slides of which were devoted to SEI. On the following day, the parent company posted a video of a presentation to investors based on […]
By Teeto Shirajee, NCASEF Vice Chair Gross profit is the difference between total sales and cost of goods sold (COGS). On the Financial 48A, this is calculated by: Tracking sales revenue across all categories. Subtracting COGS, which is based on beginning inventory + purchases – ending inventory. Expressing the result as both a dollar amount […]
By Sukhi Sandhu, NCASEF Chairman For the past three years, franchisee net income has continued to decline. That reality is becoming harder to ignore—especially at a time when inflation, labor costs, and everyday operating expenses continue to rise. Whether you are a business owner or a working family, income must move forward, not backward. Yet […]
By Raj Singh, NCASEF Treasurer Understanding Form I-9 Requirements When hiring or rehiring employees in the United States, every employer—regardless of company size or industry—must comply with federal employment eligibility verification laws. The cornerstone of this process is Form I-9, issued by the U.S. Citizenship and Immigration Services (USCIS). Properly completing, maintaining, and retaining this […]
By Eric Karp, General Counsel To NCASEF Faced with headwinds from a number of directions, the parent company of 7-Eleven, Inc. has publicly announced plans to transform the company (but not the store level economics for franchisees) in a number of ways. Those initiatives have been described in my previous columns and at National Coalition […]
By Teeto Shirajee, NCASEF Vice Chair Franchising has become a popular business model, allowing entrepreneurs to operate under established brands while benefiting from their reputation and operational support. Among these franchises, 7-Eleven stands out as one of the most recognizable convenience store brands worldwide. However, the success of 7-Eleven franchisees is not solely attributed to […]
By Sukhi Sandhu, NCASEF Chairman Across the country, families are still feeling the pinch. Prices keep rising, paychecks aren’t stretching as far, and even though the government has reopened—and federal workers and SNAP recipients are finally receiving their pay and benefits again—the strain hasn’t lifted. For many households, recovery doesn’t happen overnight. Their local 7-Eleven […]
Raj Singh, NCASEF Treasurer 7-Eleven, Inc. may take the position that under the 7-Eleven franchisee agreement, franchisees may be required to provide certification regarding wages, hours, and the eligibility of their employees to work in the United States, and pay the cost of outside auditors to verify the accuracy of the certification. We are required […]
