Convenience stores, since the dawn of time, have been considered to be one of the best things when it comes to providing comfort and convenience. But before you can make your contribution to the 7-eleven empire and set up your own convenience store, first you have to choose which front to conquer.
- The first thing you're going to need is a spot to set up your franchise store. For the location, we would suggest setting up your business in commercialized areas, particularly city street intersections for commuters and pedestrians. The only downside in setting up a franchise store in a commercial area is facing stiff competition from other earlier established retail stores in the area. But of course, you may not even need a commercialized area for your business to flourish because setting up beside white and blue collar firms may fill your sales quota for as long as the firm doesn't go bankrupt. Setting up in front of schools maybe a good idea too. Also it's not called a convenience store for nothing. Unlike liquor stores your establishment can provide almost every after school partying needs, such as food, condoms, batteries and body oil. Now is also a good time to keep your convenience store away from streets and other vicinities that contain supermarkets.
- After choosing your spot, and paying for the lease or rent, it's time to choose a franchise retail company and haggle for a convenience retailing contract. Most companies usually offer packages that contain supply and distributor procedures. Contracts may vary for as short as a year to a decade. We recommend the short time line contracts so a renegotiation of your contract takes place on regular basis depending on your profit margin. In which also depends on the company if they see fit to renew your franchise. You can always go independent and set up your franchise without the 7-eleven light board in front of your store. But, if you want our advice, stick to the first plan and let the 7-eleven guide your hand.
- After the contract signing and the posting of their name in front your store, it's time choose a design. First let's face the fact that people won't exactly go to your store to look at your interior designing talents. So let's stick to the basics involving the layout of your shelves, freezers and counters. It's time to set up and choose the items you want to sell. Usually, company franchising contracts commonly include the list of products that have been recommended by their analysts and researchers to maximize profit.
- After that would be the hiring of your employees, particularly stock boys and a cashier. It's easy enough to get them. You can place an ad on the paper or you can always put out a sign in front that says, "Help Wanted."
After you're fully staffed and stocked it's now time for your grand opening; then after that, it's time to sit back and watch your money multiply. And continue to operate your business, of course.