7 eleven owners no they dont actually take home too much at the end of all the expenses yet they can afford a luxuary car, indian owners who have sketchy side incomes
My man - you have no idea how many folks you saved by making this video. I owned a 7 eleven in the NY Tri State area and actualized numbers are actually lower than the ones you describe. You did an excellent job from the outside. Happy to speak with you further about this and provide documentation/proof of my ownership status. Got lucky in finding a buyer but one caveat to add is that the reason you see the same guy owning the business for 20+ years is not because he is raking, but rather because there is no resale value of these stores. Also, the 50/50 split is no longer in place, as the more revenue you generate, the split increases to 59/41 in favor of 7-eleven. I knew owners who had been in the game for 15+ years netting less than 1k/mo.
It’s crazy how many people in the comments talking about IM WRONG 🤣🤣 thanks for putting me up on some new game and how everything is, I will definitely hit you up if I do a new updated video
59% corporate 41% for you profit. Payroll 25% Stock , lost missing items , pay roll caps even as the franchisee. A store doing less than 1,000,000$ yearly GROSS (which is low for a 711) is negative. Even with 70 hours a week. 2.2 mill and up you can get your profit at maybe 45-70k a year. Stay away from this fucking circus of a “business”. I know it all too well. It’s perfect for foreign born people that are totally fine buying themselves a job making 3-600 a week USD. No one else is desperate enough.
Nice video man. Currently in the process of building a brand new fairly large 7-Eleven Store in CT. the 50% royalty fee is accurate IF you do not own the property. If you own the property and become a franchisee of 7-Eleven your royalty split can & usually is as low at 20%. the owner operator you spoke with is absolutely right about location. if your location is in a high traffic (15,000+ Average Daily Traffic) location & you own the land & don’t rely on 7-Eleven to pay for the rent, NNN costs, etc 7-Elevens are CASH COWS. keep it up my brotha, & i’d love to see a video on liquor stores!
15,000 in average T-count literally does not exist for any 7-eleven in the US. This is coming from a prior franchisee. Happy to discuss this further and give any tips to you as a newer franchisee, Preet. I owned one for close to a decade.
The reason why most immigrants into this business because they are in immigrant program or processing for Permanent residency or for citizenship, in order to show the government that these individual can provide monetary, stand indepedently and not relying with the government program but after getting that passport/Green card that's different story 😂😂😂
Thank you for this, the info was amazing and on point, just what I needed to keep it moving bc I was literally thinking about investing in one .., polite pass!
Very good info and honest . I know people that own 711 and I was lookin into it For stores that do below 1 million in gross sales It’s very hard to be away and make money most people work there every day . However 711 pays rent and property tax and if there is gas they only pay 2 cents . The reason why Indians dominate 711 because many of them owned more than one store and employe family members and sometimes they employ Indians fresh out of the boat who’s come to America on student visa or visiting and the tend to stick around and don’t go back . I personally think 711 not worth the time unless the location is good and could generate over 1.5 million in a good area where there is no crimes and people stealing All the times .
Facts I use to get LIT at Wet Willies in Miami lol I remember my first time my boy was like whatever you do DONT GET A CALL A CAB 🚕 that was the first thing I went for 🤣🤣
as a foreigner i can absolutely tell that you saved my life man, you opened my eyes with these information, iam so grateful for you, i was about to shut down my own business for me to have a 7-11 fran. and if i ever owed someone a favor it would be YOU. thanks alot may the god bless you.
It’s crazy how many owners or kids of owners started saying how bad it really commenting on the video. And I love 7/11 never thought you would be running one making small money like this
@@LandoSuccess yes does not seem worth it. I have new neighbors. They are Indian and own the 7/11 across the street from me. Husband , wife , daughter take turns working. The grandfather is always working so it all make sense now. Probably don’t have enough money to pay for a lot of employees.
You ain't doin no Doordash or Ubereat no 50k takehome, that's about 80k gross minimum 🤣. not to mention expenses and depr prolly be like 100k gross to make 50k takehome
That is not what a franchisee makes at 7-11 man. I know because I worked one and handled the money breakdown. It's more realistically around 80 gees with a franchisee salary of 26 gees. That's 106 a year. The 80 is your 50%, so the total profit would be 160 gees. The business thing they asking about is businesses that would be in direct competition. You can't have a competing interest within 3 miles of a 7-11.
That sucks. My birthday is 7/11 . I have a trucking business and a security business. I wanted to buy a 711 but 50k a year and I have to work, no deal 🤢
Wouldn't gross profit include business expenses such as payroll? And doesn't the 5% rule apply to the gross revenue, not gross profits? Asking because I'm looking for franchise opportunity
No gross profit is subtracting the cost associated with making and selling the products payroll is not included. And yes it’s applied to the overall revenue
@@LandoSuccess I heard a lot of pros and cons from amateurs property manager in reddit but it will be better if someone with bigger picture in mind do the due dilligence.
Indian like owning business and working for themselves. 7 11 is easier business to get into and most of the upper head is done by 7 11. ones you own one, it is a lot easier to own more..my cousin started with one...now he owns 3 different ones.. within a year..He did work 12 hr shift for 7 days for 6 months.
The son of a 7-eleven franchisee I was kinda friends with told me a couple of years ago that you had to own 10 7-eleven franchise locations to make money and that they are the worse company to franchise with.
10? Listen...if you purchase the property and build your own structure, it's an 82-18 split in your favor. That is the absolute best way to deal with them. Other than that, you have to look at monthly revenue at whatever location you are looking into. You shouldn't do the deal unless the spot is at least 100,000 a month.
I stopped reading once you said you don’t have to apply after two years 🤣 reading is fundamental my dude it’s actually HIGHLIGHTED on their website saying “we ask you to wait 2 years to reapply” could you apply within 2 years probably so but they’re going to laugh at you because you couldn’t read it lol
I don’t believe you, my friend own the 7-11, he have to pay all the workers, pay roll is a killer there. He only make 10k a month, 150k gross sales a month. And the inventory paper work he have to do is too much labor for the brain.
I think it depends on the person and what do you like. If I was to invest into a franchise today it would be a health and juicing company because the products are low cost to get with high return. The pandemic can’t stop it and most ppl want to eat and drink healthier. If you’re rich as hell a McDonald’s is always a good bet
We own two 7-Elevens, the 50% fee is the worst thing possible. They both do more than 2 million in revenue but what you take after all the costs is nothing. One of our private convenience store only does 800k in revenue but we get 4 times more money due to margins being higher and no franchise 50% fee. Also you have to buy inventory stuff through 7-Eleven which is marked up much higher than you buying at a wholesale or other places. Margins are low and the franchise fee is big. 7-eleven makes money from wholesaling stuff too you also.
Geesh that’s crazy that you have to buy all off the inventory. In my mind since y’all wanna do 50% cover half of it then lol knowing what you know now. What do you think y’all would have done differently?
Even though it's a bit gangster for them to do business that way I think you're also leaving out some information. They have branded items that they have partnerships with local companies to make (sandwiches and donuts). If you choose not to carry these items or use an alternate then you're kinda hurting everyone. Also where else would you purchase Slurpee syrup?
Great info on the company dude! I’m 26 and I always loved 7-11 growing up! It’s my favourite convenience store! I always wondered what it’d be like to own one and thanks to your video I kind of got an idea! That 50/50 split isn’t that bad, what I thought at first, then you said if the store exceeds expectations they can raise that fee! Unreal! 🤯🤬 It’s like they don’t want you to make money and just keep you in the middle. So yeah I think if you really love it no matter what, you’d be ok running it. Until the profit agreements change into the owners favour a bit more, I’ll just keep spending my money there and build up my points lol this limits your success.
Thanks bro that was awesome information, I was thinking about buying one but now I think I will keep looking at other businesses. Can you do a video on beauty supply stores
![[Live] ศึกมหึมันส์มวยไทยสังเวียนเดือด เวทีมวยชั่วคราวสวนสยาม | จันทร์ 30 กันยายน 2567](http://i.ytimg.com/vi/pM1k6f7JXUc/mqdefault.jpg)
Buying a Little Caesars Franchise
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7 eleven owners no they dont actually take home too much at the end of all the expenses yet they can afford a luxuary car, indian owners who have sketchy side incomes
My man - you have no idea how many folks you saved by making this video. I owned a 7 eleven in the NY Tri State area and actualized numbers are actually lower than the ones you describe. You did an excellent job from the outside. Happy to speak with you further about this and provide documentation/proof of my ownership status. Got lucky in finding a buyer but one caveat to add is that the reason you see the same guy owning the business for 20+ years is not because he is raking, but rather because there is no resale value of these stores. Also, the 50/50 split is no longer in place, as the more revenue you generate, the split increases to 59/41 in favor of 7-eleven. I knew owners who had been in the game for 15+ years netting less than 1k/mo.
It’s crazy how many people in the comments talking about IM WRONG 🤣🤣 thanks for putting me up on some new game and how everything is, I will definitely hit you up if I do a new updated video
i was looking into owning a 711 in nyc. can you message me for advice
@@13tazzftw not sure how but if you dm me I will respond
i was interested in getting a 7-11 would like to get different feedback bad and good
59% corporate
41% for you profit.
Payroll 25%
Stock , lost missing items , pay roll caps even as the franchisee.
A store doing less than 1,000,000$ yearly GROSS (which is low for a 711) is negative. Even with 70 hours a week. 2.2 mill and up you can get your profit at maybe 45-70k a year. Stay away from this fucking circus of a “business”. I know it all too well. It’s perfect for foreign born people that are totally fine buying themselves a job making 3-600 a week USD. No one else is desperate enough.
Dang you had to break down the numbers on em 😆😆
Oh shit💀
Malik knows. I can attest to his numbers as a former franchisee. Respect you for keeping it real
Nice video man. Currently in the process of building a brand new fairly large 7-Eleven Store in CT. the 50% royalty fee is accurate IF you do not own the property. If you own the property and become a franchisee of 7-Eleven your royalty split can & usually is as low at 20%. the owner operator you spoke with is absolutely right about location. if your location is in a high traffic (15,000+ Average Daily Traffic) location & you own the land & don’t rely on 7-Eleven to pay for the rent, NNN costs, etc 7-Elevens are CASH COWS. keep it up my brotha, & i’d love to see a video on liquor stores!
That’s amazing that’s for being honest and leaving a overview of what’s going on. I’m rooting for you 🙌🏿🙌🏿
15,000 in average T-count literally does not exist for any 7-eleven in the US. This is coming from a prior franchisee. Happy to discuss this further and give any tips to you as a newer franchisee, Preet. I owned one for close to a decade.
The reason why most immigrants into this business because they are in immigrant program or processing for Permanent residency or for citizenship, in order to show the government that these individual can provide monetary, stand indepedently and not relying with the government program but after getting that passport/Green card that's different story 😂😂😂
💯
seven Eleven are disgusting, dirty filthy bathrooms, I am glad Quick trip pops up
Why are the bathrooms always 🗑 🤣
Thank you for this, the info was amazing and on point, just what I needed to keep it moving bc I was literally thinking about investing in one .., polite pass!
thanks for checking it out. I was the same like it would seem like a good idea
tired of these corporate slimy people messing with SBAs
Why
My dad owned a couple 7/11 franchise and this is fax. If you want to run a gas station buy a private one. 7/11 treats you like a slave!!!!
Glad to hear from somebody that knows the inside it’s hard get ppl that own one or knows the truth
Do you prefer 7 eleven or Chick-fil-A franchise?
10000% Chick Fil A
Why you CAN’T Buy A Starbucks Franchise
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Very good info and honest .
I know people that own 711 and I was lookin into it
For stores that do below 1 million in gross sales
It’s very hard to be away and make money most people work there every day .
However 711 pays rent and property tax and if there is gas they only pay 2 cents .
The reason why Indians dominate 711 because many of them owned more than one store and employe family members and sometimes they employ Indians fresh out of the boat who’s come to America on student visa or visiting and the tend to stick around and don’t go back .
I personally think 711 not worth the time unless the location is good and could generate over 1.5 million in a good area where there is no crimes and people stealing All the times .
Sounds about right
You mentioning Wet Willy's (sp) brought back good memories lol. Great video on 7 eleven and pros/cons of owning one.
Facts I use to get LIT at Wet Willies in Miami lol I remember my first time my boy was like whatever you do DONT GET A CALL A CAB 🚕 that was the first thing I went for 🤣🤣
@@LandoSuccess the 'superman' had me acting a fool in South Beach 🤣
@@PhoenixBlazeMedia 🤣🤣🤣🤣
$50K/year for an absentee owner, if the owner works at the store a few hours a day he’ll make about $70K to $80K.
It is not $150,000 because there is a franchisee fee and that’s costs minimum $50,000
Bro there a lot of discrepancies in this video and your not even close to the averages
This is very informative and interesting. I really enjoyed the video. I would love to own a franchise
Thanks for checking it out and leaving a comment ❤️ Do it they have a good system
I actually enjoy this, great personality & very informative!
Thanks I appreciate you for checking it out 🙌🏿
Awesome Video, gave it a THUMBS UP!! Found you from a comment on Andrei Jihk's recent video. I wanted to connect with you and I also subbed!! 🔥✅
Now that’s the support I’m talking about 🙌🏿 heading to your page now
@@LandoSuccess Awesome, Thanks so much! What's your upload schedule? We could totally help each other out on future uploads
@@TheTranquilTours just hit me up or leave a comment whenever you upload and I’ll do the same
I really like it , the way you explain it 😀, simple and easy to understand.
Appreciate you for checking it out and leaving a comment 💯
as a foreigner i can absolutely tell that you saved my life man, you opened my eyes with these information, iam so grateful for you, i was about to shut down my own business for me to have a 7-11 fran. and if i ever owed someone a favor it would be YOU.
thanks alot may the god bless you.
Got your back 💯 🙏🏿
@@LandoSuccess but i got a question
what if i own the place ? does the percentage 50/50 will stay the same?
thanks for your kind replay.
Omg. Makes me not want to own one. It’s complicated and the 50 % part. Hell no. Basically I’m a slave for 7 eleven.
It’s crazy how many owners or kids of owners started saying how bad it really commenting on the video. And I love 7/11 never thought you would be running one making small money like this
@@LandoSuccess yes does not seem worth it. I have new neighbors. They are Indian and own the 7/11 across the street from me. Husband , wife , daughter take turns working. The grandfather is always working so it all make sense now. Probably don’t have enough money to pay for a lot of employees.
Subscribed as soon as I heard you said you were actually going to start a playlist. Do a chipotle next I feel like they up there with chick fil a
Mannn I LOVE me some Chipotle 😬 definitely looks like the next one. Great choice
This is some good info man !
My mans, thanks for checking it out
You ain't doin no Doordash or Ubereat no 50k takehome, that's about 80k gross minimum 🤣. not to mention expenses and depr prolly be like 100k gross to make 50k takehome
Shid I know ppl that make way over that full time. And most jobs you’re not making 50k TAKE HOME bc of taxes alone.
Do a McDonald’s I’m trying to hear about that million dollar u mentioned
Definitely going to do it but it’s gonna be a while I feel a McDonald’s video wouldn’t be too exciting since it cost so much to get started with
I think Mcdonald franchisees make $100,000 to $150,000 a year from one location! But you have to have a million dollars to buy one.
$50,000 seems really low. I’m thinking double that realistically.
I know right
That is not what a franchisee makes at 7-11 man. I know because I worked one and handled the money breakdown. It's more realistically around 80 gees with a franchisee salary of 26 gees. That's 106 a year. The 80 is your 50%, so the total profit would be 160 gees. The business thing they asking about is businesses that would be in direct competition. You can't have a competing interest within 3 miles of a 7-11.
great insight... informative & enjoyed your content
🙌🏿🙌🏿
That sucks. My birthday is 7/11 . I have a trucking business and a security business. I wanted to buy a 711 but 50k a year and I have to work, no deal 🤢
No bueno
I am loving these reviews on owning franchises in business keep it up please
I appreciate that 🙌🏿 which ones u think I should do next 🤔
Great video man! Truly helps a lot!!
No problem thanks for checking it out
Thank you. You really helped me open my eyes.
Thanks for checking it out
Wouldn't gross profit include business expenses such as payroll? And doesn't the 5% rule apply to the gross revenue, not gross profits? Asking because I'm looking for franchise opportunity
No gross profit is subtracting the cost associated with making and selling the products payroll is not included. And yes it’s applied to the overall revenue
Please do a property management franchise like Real property management.
Interesting 🤔 I like it
@@LandoSuccess I heard a lot of pros and cons from amateurs property manager in reddit but it will be better if someone with bigger picture in mind do the due dilligence.
Loud background music
💯
Jeff Bezos has a few 7-11's. I don't know what his deal is though.
I never knew that one
Indian like owning business and working for themselves. 7 11 is easier business to get into and most of the upper head is done by 7 11. ones you own one, it is a lot easier to own more..my cousin started with one...now he owns 3 different ones.. within a year..He did work 12 hr shift for 7 days for 6 months.
😬😬
How much does he make please disclose I'm planning to buy
Thank you so much for the amazing video. You really saved my life. Thanks a lot.
Got your back
I heard you need to have at least $150,000 in assets. That’s quite the total order.
💯
Thanks for sharing 👍👍 what’s the best franchise now a days to choose @that price range ?
I just did a little Caesars one today go check it out
The son of a 7-eleven franchisee I was kinda friends with told me a couple of years ago that you had to own 10 7-eleven franchise locations to make money and that they are the worse company to franchise with.
Wow crazy
10? Listen...if you purchase the property and build your own structure, it's an 82-18 split in your favor. That is the absolute best way to deal with them.
Other than that, you have to look at monthly revenue at whatever location you are looking into. You shouldn't do the deal unless the spot is at least 100,000 a month.
Why payroll was calculated in gross profit? That’s an expense!!! If gross profit is 300k/2= 150k profit.
I stopped reading once you said you don’t have to apply after two years 🤣 reading is fundamental my dude it’s actually HIGHLIGHTED on their website saying “we ask you to wait 2 years to reapply” could you apply within 2 years probably so but they’re going to laugh at you because you couldn’t read it lol
Payroll is an expense they’re making you cover and pay out if pocket. So not total revenue but definitely an expense
I love 7-Eleven that's my favorite store
Ikr
Nah man my buddy owns one and he makes 400k a year after employees and cost. Not accurate at all
That’s one store, but if you take the average of all stores then it will average back down to the same numbers. It’s always exceptions to the rule
I don’t believe you, my friend own the 7-11, he have to pay all the workers, pay roll is a killer there. He only make 10k a month, 150k gross sales a month. And the inventory paper work he have to do is too much labor for the brain.
😳
Sounds more accurate
I can promise you he doesn’t James. I owned one myself.
you deserve like and supscribe 🙏♥
Ayeee thanks
I love
At least you can get all the slurpees you can drink.
Which ones do you get lol those none slush ones?
Corner street
The background music is disturbing
😳
711's in Long Island are the best
💯
Hi friend! Are you thinking about franchise?
Yes since I love the store but after this research it’s not looking too good 🤣
@@LandoSuccess oh no!🤣🤣🤣
For real 😂 yooooo. Thank you brother, I’m making a Uturn real quick
What will be the best franchise to buy and invest in?
I think it depends on the person and what do you like. If I was to invest into a franchise today it would be a health and juicing company because the products are low cost to get with high return. The pandemic can’t stop it and most ppl want to eat and drink healthier. If you’re rich as hell a McDonald’s is always a good bet
We own two 7-Elevens, the 50% fee is the worst thing possible. They both do more than 2 million in revenue but what you take after all the costs is nothing. One of our private convenience store only does 800k in revenue but we get 4 times more money due to margins being higher and no franchise 50% fee.
Also you have to buy inventory stuff through
7-Eleven which is marked up much higher than you buying at a wholesale or other places. Margins are low and the franchise fee is big. 7-eleven makes money from wholesaling stuff too you also.
Geesh that’s crazy that you have to buy all off the inventory. In my mind since y’all wanna do 50% cover half of it then lol knowing what you know now. What do you think y’all would have done differently?
Even though it's a bit gangster for them to do business that way I think you're also leaving out some information. They have branded items that they have partnerships with local companies to make (sandwiches and donuts). If you choose not to carry these items or use an alternate then you're kinda hurting everyone. Also where else would you purchase Slurpee syrup?
That's big pimping, oh hell naw.
Taco Bell franchise
That’s a good one it’s definitely not cheap lol
Great info on the company dude! I’m 26 and I always loved 7-11 growing up! It’s my favourite convenience store! I always wondered what it’d be like to own one and thanks to your video I kind of got an idea! That 50/50 split isn’t that bad, what I thought at first, then you said if the store exceeds expectations they can raise that fee! Unreal! 🤯🤬 It’s like they don’t want you to make money and just keep you in the middle. So yeah I think if you really love it no matter what, you’d be ok running it. Until the profit agreements change into the owners favour a bit more, I’ll just keep spending my money there and build up my points lol this limits your success.
Lol I was completely the same kinda we’ll definitely disappointed like Geesh I can make more money driving Uber lol
@@LandoSuccess make more money with a lemonade stand in winter 🥶 lol jk
Could you own 2 711's?
Yeah as many as you can run and afford from what I have seen
I love
🙏🏿
awesome video :)
Thank you good sir 🙏🏿
Great Information!
🙏🏿
If you gotta be a U.S citizen then how do lots of Indians own them?
No clue 🤷🏾♂️ I guess they’re citizens lol
He is so funny
Nothing better than learning information while getting a good laugh lol
Save alot
💯
Informative commentary 👌
Goodwill store is a franchisee that wants to sell vs corporate owned location for sale, you just said it was a current store
I’m confused from the comment 😬
Super insightful!! & that scoring system 🙌🏽🔥
✊🏿✊🏿
Thanks bro that was awesome information, I was thinking about buying one but now I think I will keep looking at other businesses. Can you do a video on beauty supply stores
That would be a good interesting one, thanks for checking it out
IS CINNABON A GOOD FRANCHISE TO START
OH YEAH I WAS CURIOUS BOUT WHAT IT TOOK TO FRANCHISE CHICK- FIL -A NOT ANYMORE THANKS.
Great question 🤔 it seems like it shouldn’t cost too much
Yes. But malls make it fucked. Auntie Anne’s a more guaranteed pick. Or subway. Subway is fair with their asks