The 7-Eleven Thread
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We hope that the Living in Taiwan forum will be of value to you and others. To ensure this, please note:
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Before posting, please check the FAQ thread, and – more importantly – use the search function to ensure that your topic has not been discussed before and that there is not an existing thread you could update with your contribution.
While Living in Taiwan is a busy, wide-ranging forum, there are other specific forums for relationships, teaching, business, legal issues, animals, food, events, travel, restaurants, and so on. Check the Forumosa menu to find the most appropriate place for your post.
While it is preferable to post questions dealing with dissimilar topics in separate threads (“How Much for an Apartment in Tianmu?”, “Are There Many Foreigners in Tianmu?”), if you are a new arrival, it is possible to present numerous questions in one post, but realize that your thread will then, after two weeks, be merged into the New to Taiwan: Some Questions thread.
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Re: The 7-Eleven Thread
by headhonchoII » 06 Apr 2012, 17:30
I just wait for the beer promotion every Summer!
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Re: The 7-Eleven Thread
by ceevee369 » 06 Apr 2012, 17:36
Thinking of becoming Laoban of a 7-Eleven. Should have done it when the franchise deposit was still 2 million - Seems they doubled it to 4 Million NTD but you still can make a long-life living of it when well located.
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Re: The 7-Eleven Thread
by Chris » 06 Apr 2012, 18:30
ceevee369 wrote:Thinking of becoming Laoban of a 7-Eleven. Should have done it when the franchise deposit was still 2 million - Seems they doubled it to 4 Million NTD but you still can make a long-life living of it when well located.
There are plenty of other 7-11s to open your franchise half a block away from.
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Re: The 7-Eleven Thread
by ceevee369 » 06 Apr 2012, 18:39
Chris wrote:ceevee369 wrote:Thinking of becoming Laoban of a 7-Eleven. Should have done it when the franchise deposit was still 2 million - Seems they doubled it to 4 Million NTD but you still can make a long-life living of it when well located.
There are plenty of other 7-11s to open your franchise half a block away from.
That Sir, is only a privilege for the locals
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Re: The 7-Eleven Thread
by Confuzius » 06 Apr 2012, 18:58
ceevee369 wrote:Chris wrote:ceevee369 wrote:Thinking of becoming Laoban of a 7-Eleven. Should have done it when the franchise deposit was still 2 million - Seems they doubled it to 4 Million NTD but you still can make a long-life living of it when well located.
There are plenty of other 7-11s to open your franchise half a block away from.
That Sir, is only a privilege for the locals
I bet more people would go to yours. Theyd be all like "lets go to THAT 711...some crazy foreigner owns it" you could probably charge more to and claim that is an 'exotic' 711.
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Re: The 7-Eleven Thread
by Chris » 06 Apr 2012, 19:06
Plus you could implement crazy foreign ideas like "Hey, this item sells well. Let's keep selling it!"
This post was recommended by ceevee369 (06 Apr 2012, 19:08)
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Re: The 7-Eleven Thread
by mike029 » 06 Apr 2012, 19:53
My dad has owned convenience stores in the US in the past (in the 1980's until he had a falling out with his partner because my Dad wanted a drive-through pharmacy and the guy wasn't having it...he will never stop telling that story and how he was a visionary...), and was intrigued by 7's dominance here.
My dad was considering opening one here last year when my parents came. He had me call them to discuss the options and decided against it because there's no way to alter the prices on goods in TW because of consumer protection laws. Basically the same bottle of water in Taipei 101 is the same price as the one in the middle of nowhere Zhanghua. The only way to make up for the extreme difference in rent is to hope you have increased traffic, which means increased turnover of goods, which means restocking more frequently, which means hiring more workers. Restocking is also inconvenient for certain locations, as well. The only way to increase the price of goods is to be located somewhere like Green Island because they can get away with surcharging for stocking goods (it came over on a boat), but even then it is literally only paying for the cargo charge, no profit there.
We learned that 7 makes a good amount of it's money from bill payments and related things. Apparently 7 is just doing a wire transfer from their own account to whomever you have to pay. If you look at the barcodes, it's just the bank, account number, amount, and customer number in the memo spot. Nothing complicated there. That's why they only accept cash for these type of payments. They need to back up what they put out of their accounts immediately with real cash in the register. It seems that just owning an iBon machine that can accept cash would make far more sense...hmmm...that gives me an idea for back home...
In the end, he decided the only place to open a 7 is on a main road in a place outside the downtown area. Basically to be the only one in that area with a relatively low population. The only way he would have opened it is if it were easy for me to check up on for him. That, and I wouldn't be able to give myself an ARC to be 'owner/manager' or something official to do things on his behalf because I haven't graduated university and it just seemed like it was more trouble than it's worth. For our situation, anyway.
My dad was considering opening one here last year when my parents came. He had me call them to discuss the options and decided against it because there's no way to alter the prices on goods in TW because of consumer protection laws. Basically the same bottle of water in Taipei 101 is the same price as the one in the middle of nowhere Zhanghua. The only way to make up for the extreme difference in rent is to hope you have increased traffic, which means increased turnover of goods, which means restocking more frequently, which means hiring more workers. Restocking is also inconvenient for certain locations, as well. The only way to increase the price of goods is to be located somewhere like Green Island because they can get away with surcharging for stocking goods (it came over on a boat), but even then it is literally only paying for the cargo charge, no profit there.
We learned that 7 makes a good amount of it's money from bill payments and related things. Apparently 7 is just doing a wire transfer from their own account to whomever you have to pay. If you look at the barcodes, it's just the bank, account number, amount, and customer number in the memo spot. Nothing complicated there. That's why they only accept cash for these type of payments. They need to back up what they put out of their accounts immediately with real cash in the register. It seems that just owning an iBon machine that can accept cash would make far more sense...hmmm...that gives me an idea for back home...
In the end, he decided the only place to open a 7 is on a main road in a place outside the downtown area. Basically to be the only one in that area with a relatively low population. The only way he would have opened it is if it were easy for me to check up on for him. That, and I wouldn't be able to give myself an ARC to be 'owner/manager' or something official to do things on his behalf because I haven't graduated university and it just seemed like it was more trouble than it's worth. For our situation, anyway.
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Re: The 7-Eleven Thread
by okbun » 08 Apr 2012, 20:16
BTW has anyone used their dry cleaning service before?
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Re: The 7-Eleven Thread
by tsukinodeynatsu » 08 Apr 2012, 20:32
Can't believe they have Cherry Coke. I'm going to hit all the 7s tomorrow now.
OKbun - they have dry cleaning?
OKbun - they have dry cleaning?
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Re: The 7-Eleven Thread
by okbun » 08 Apr 2012, 20:56
OKbun - they have dry cleaning?
I think it is only available in northern Taiwan only.
http://www.7-11.com.tw/service/wash.asp
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