Compare Selections, 7-11, Wing Stop, Phillyy

Topics: Convenience store, Real estate, Present Pages: 1 (252 words) Published: February 28, 2013
Compare selections: Analyze and Evaluate
Advantages:
7-Eleven: Convenience Store

6weeks of training is offered; to operate store estimate 7-10 employee to run unit; no absentee ownership franchise allowed; present 100% owner/operators; the continuous support through- online, newsletters, meeting, grand opening, etc.; additionally, marketing support- media, advertising, marketing team. Private Owned Wingstop: Hot wings, cold beer, dine-in or carry-out.

Training at headquarters 4weeks, at location 1 week & as needed; to operate business estimate 8-10 employees; absentee ownership franchise is allowable; presently 95% owner/operated; the continuous support through-meetings, internet, grand opening, security procedures, etc.; additionally, marketing support-advertising. Company Owned: 24 Philly Connection: Cheesesteak sandwiches, hoagies, salads, ice cream 80 hours of training at facility; to operate business estimate 5 employees; no absentee ownership franchise; presently 100% owner/operator; the continuous support through-by phone, grand opening, field operations; Additional marketing help- advertising. Company Owned:1.

Disadvantages:
7-Eleven: Total Investment: $30,800 - $611,100; Franchise Fee: $10,000 - $441,400; Ongoing Royalty Fee: Varies; Term of Franchise Agreement: 15 years, renewable; FINANCIAL REQUIREMENTS Net Worth: $127,000

Wingstop: Total Investment: $263,550 - $616,946; Franchise Fee: $30,000; Ongoing Royalty Fee: 5% Term of Franchise Agreement: 10 years, renewable; FINANCIAL REQUIREMENTS; Net Worth: $400,000 (Liquid Cash Available: $200,000)

Philly Connection: Total Investment: $154,000 - $261,500; Franchise Fee: $20,000; Ongoing Royalty Fee: 6%; Term of Franchise Agreement: 10 years, renewable; FINANCIAL REQUIREMENTS; Net Worth: $150,000 (Liquid Cash Available: $50,000)
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