Chance to be 7-Eleven Malaysia franchisees

The company is rolling out a franchising package that requires RM250,000 in investment from franchisees willing to operate and manage a store on a full-time basis.


BEAMSTART

28 Feb, 2018

Chance to be 7-Eleven Malaysia franchisees | BEAMSTART News

- From our Sponsors -

7-Eleven Malaysia Holdings Bhd (SEM), the owner and operator of 7-Eleven stores in Malaysia, is now offering back its franchise programme for local entrepreneurs.

The company is rolling out a franchising package that requires RM250,000 in investment from franchisees willing to operate and manage a store on a full-time basis.

The programme is especially suited for unemployed graduates and strong entrepreneurial-minded millennials as one gets an invaluable hands-on learning experience in managing an own business.

SEM’s major shareholder, Berjaya Group founder Tan Sri Vincent Tan, in a statement, said: “The 7-Eleven in Malaysia has a proven track record business and achieving success is not difficult provided one is willing to work hard and put in long hours.

“Once a franchisee has learned to manage a store well and is successful, that franchisee will be viewed favourably to operate more stores, so eventually one can be a multi-store operator, thus generating more revenue for oneself.

“There are a lot of financing options available to interested franchisees from various government agencies and one must take advantage of this and strive to fulfil one’s entrepreneurial spirit and desire,” he said in a statement.”

SEM plans to invest RM70mil this year to open around 200 new stores and renovate other stores. As at the end of last year, the company had 2,225 stores of which less than 10 per cent were franchised.

Acting chief executive officer of 7-Eleven Malaysia, Ho Meng said the RM250,000 outlay included a non-refundable initial franchise fee and refundable deposits for stocks and as security that the prospective franchisee would eventually get back.

“It’s just an assurance that the new franchisee would comply with the franchisee’s obligations and performance.

“Our franchise model is based on profit-sharing where SEM is responsible for expenses such as leasing of real estate, store equipment, general insurance, inventory audit, merchandising and marketing services, among others, as well as providing full training and operational consultation support,” he said.


Author Info:
This article was first published on TheStarOnline

- From our Sponsors -

Latest Jobs

Senior Marketing

Gallons & Grapes Pte Ltd

Buona Vista, Singapore

Full Time

SGD 4000 — SGD 4500 monthly

English-Korean Freelance Transcriber in Singapore

Elite Asia

Singapore

Contract / Freelance

Salary Undisclosed

Account Manager (Hybrid)

Pinkerton

New York, NY, United States

Full Time

Salary Undisclosed

Customer Service Representative

Gamer's Hideout Sdn. Bhd.

Dataran Prima, Petaling Jaya, Malaysia

Full Time

MYR 3000 — MYR 4000 monthly

GROCERY SHOPPER UP TO $11/H !THEY ORDER, YOU SHOP!

RecruitFirst

SIngapore, Singapore

Contract / Freelance

SGD 9 — SGD 11 monthly

English Technical/Legal Writer

Pacston Technology Group

Kuala Lumpur, Malaysia

Full Time

USD 20000 — USD 60000 monthly

Junior Accounts Cum Admin Assistant

LABEL-LINE CORPORATION PTE LTD

Kallang, Singapore

Full Time

SGD 1600 — SGD 1800 monthly

Head of Developers

TWGT

Manila, Philippines

Full Time

USD 2000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).