Archive for Items Categorized 'Avanti Magazine', only excerpts shown, click title for full entry.
Jay Singh, Chairman Many franchisees have called the National Coalition office for an update on the independent contractor lawsuit. Here are the details. On October 12, 2017, a 54-page class-action complaint was filed in the United States District Court for the Central District of California, Western Division, alleging that 7-Eleven, Inc. (SEI) is in violation […]
Michael Jorgensen, Executive Vice Chairman This year’s NCASEF Annual Convention theme is “Franchisees ARE The Brand.” There is no doubt that 7-Eleven is one of the most recognizable brand names in the world with over 66,000 locations in 17 countries. This theme was not designed in any way to detract from the brand, but some […]
Eric H. Karp, Esq., General Counsel SEI has rolled out a new 7-ElevenNOW Program Amendment that purports to allow franchisees the opportunity to fulfill orders placed on the 7-ElevenNOW App. The Amendment is in the process of being offered to existing franchisees. It also appears on pages F-129 to F-131 of Exhibit F to SEI’s […]
Nick, Bhullar, Vice Chairman The 7-Eleven franchise process is unique: approximately a 50-50 gross profit split between the franchisor and franchisee. (Actually this can vary to as high as 56-44 depending on the volume of the store). Franchisees own the inventory and hire and manage the employees. 7-Eleven controls the lease on the building, creates […]
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 […]
