Archive for Items Categorized 'Avanti Magazine', only excerpts shown, click title for full entry.
Romy Singh, Vice Chairman, NCASEF | President, Eastern Virginia FOA The U.S. convenience store count increased to a record high of 154,958 stores as of year-end December 31,2017, resulting in 423 additional stores and 0.3 percent increase year-over-year, according to the 2018 NACS/Nielsen Convenience Store Count data. Currently, every company is looking to expand their […]
Jay Singh, Chairman The National Coalition and its 7-Eleven franchisee members are between a rock and a hard place. while unemployment is at a 17-year low Eleven franchisee members are between of 4.1 percent. Average hourly earnings a rock and a hard place. The job market is tight, minimum wage is going up, and unemployment […]
Eric H. Karp, Esq., General Counsel On January 23, 2018, SEI announced it had closed on the acquisition of 1,030 Sunoco convenience stores located in 17 states. At $3.3 billion in cash, this was the largest acquisition in the history of the company, growing its United States and Canada store count to 9,700 locations. SEI […]
Rehan Hashmi, Vice Chairman The goals of 7-Eleven, Inc. have not always been aligned with its franchisees. Over the years 7-Eleven franchise owners have both praised corporate leadership and felt threatened by it. Franchisees don’t have a strong voice on brand leadership groups, but continue to participate. At the time of their cancellation, the National […]
Nick, Bhullar, Vice Chairman The very last point in the National Coalition’s Code of Ethics says, “The National Coalition member believes in the rights of all 7-Eleven franchisees to associate together in an independent trade association controlled and financed by 7-Eleven franchisee members.” The National Coalition does this by working to provide win-win-win situations for […]
Romy Singh, Vice Chairman, NCASEF | President, Eastern Virginia FOA There seems to be a lot of frustration among franchisees regarding the decline of gross profit year after year. Many feel we are hardly receiving the same gross profit percentage we saw a few years ago. Taking a closer look at the situation, I believe […]
On November 9, an article titled “Franchisees to Boycott Annual 7-Eleven Trade Show” was published on CSPdailynews.com. The article accurately states, “The presidents of all 43 7-Eleven Franchise Owners Associations, which represent the interests of nearly 7,000 franchised U.S. convenience-store locations, have voted unanimously not to attend 7-Eleven’s annual convention and trade show in […]
As I write this, SEI is gearing up for a series of so-called Town Hall Meetings across the country, the apparent purpose of which is to somehow convince existing franchisees how wonderful it is to be a franchisee and why franchisees should be grateful for the franchise agreement they have, notwithstanding the pervasive control […]
No one can argue that we have a great brand. People like it, it’s established, our clientele is established, and the public in general believes in our brand. But it seems that lately our focus has shifted from our brand to “the numbers.” All we care about is achieving our numbers—store count, foot traffic, […]
I continue to hear from franchisees throughout the country who have many concerns regarding the operation of their stores. The biggest concern that 7-Eleven franchisees currently have is the declining gross profit. You can list many reasons for this decline. You can say it’s because of cost increases, trying to keep up with the […]
