Archive for Items Categorized 'Avanti Magazine', only excerpts shown, click title for full entry.
According to my copies of SEI offering circulars, the Business Conversion Program (BCP) was rolled out by SEI in 2006. There are enormous differences in the business model between traditional stores and BCP stores, and you should be aware of these distinctions if you are thinking about investing in a BCP store. The major […]
Let the buyer beware! Under the doctrine of caveat emptor, a buyer cannot recover from a seller for defects on property that render the property unfit for ordinary purposes. The only exception is if the seller actively conceals latent defects or otherwise makes material misrepresentations amounting to fraud. Before statutory law, a buyer had […]
In recent times, through market meetings and zone meetings, various news reports from Dallas, or in articles in c-store trade publications, SEI has made it clear that store growth is a primary focus for the company. Store growth supports the long-term goal of developing concentrations of stores, and Business Transformation (BT), the Business Conversion […]
One of the key responsibilities of our franchisee trade association is to manage the relationships between all of the groups on whom 7-Eleven franchisees depend. This includes our relationship with 7-Eleven, Inc., our relationship with vendor partners, and especially, the relationships between FOA members and the National Coalition, in order to represent the interests […]
On my visits to 7-Eleven stores throughout the country, I usually spend an extended period of time focusing on the fast food, grill items and hot foods in our stores. After all, SEI repeatedly tells us that foodservice is to become the core of our business, and I like to see how we are […]
Hidden in the one-inch thick Franchise Disclosure Document are several little known provisions, policies, and practices that you should be aware of before you sign a store agreement—whether for an initial store or, more likely, for a multiple. Being aware of these points may or may not discourage you from signing an agreement but, […]
One of the hallmarks of great companies is effective communication. Communication is defined as the exchange of information between people. It is interesting to note the definition includes the word “exchange,” as communication is the sharing of information, not the downloading of information. Since the advent of SEI’s “Project E,” the exchange of information […]
For years we have been hearing bad economic news. The business climate is deteriorating, the consumer is cash-strapped, everyone has fewer disposable dollars, and retailers are having a more difficult time enticing customers to shop in their stores. Consciously or not, after so much bad news, almost everyone is now more selective about where […]
As we start to close out the third quarter and put the 100 days of summer behind us, franchisees will begin two major initiatives that could have substantial impact on the operation of our stores and our profitability. The transition from CDC flat fees to a merchandise markup has started, and the Business Transformation […]
I recently attended a meeting in Long Island, New York between area franchisees and SEI to discuss removing the CDC flat fee and instead implementing a merchandise markup model. The meeting included National Coalition Chairman Bruce Maples, UFOLI President Tariq Khan, SEI Senior Vice President of Merchandising and Logistics Jesus Delgado-Jenkins, Vice President of […]
