Starting My Own Minimart.
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 Dec 25 2010, 04:52 PM, updated 15y ago
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#1
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Senior Member
723 posts Joined: Dec 2007 
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I have thought about franchising 7eleven, but it'll require a higher lump of money compared to my own brand of minimart. Besides that, minimarts like K.K and 99 speed mart have better traffic(more customers) compared to 7eleven(dont you think so? and they sell their items cheaper than 7eleven). How much capital is required to start my own minimart? More suggestions are welcomed!
Anyone here has experience running their own minimart? |
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Dec 25 2010, 05:21 PM
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#2
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Senior Member
723 posts Joined: Dec 2007
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QUOTE(cohabitation @ Dec 25 2010, 04:59 PM) KK and 99 provides cheaper selling price, but 7-11 got more coverage and operating around the clock. People go to 7-11 not because they're cheap, but because they're convenient. Thank you for your valuable opinion. Yeah, you've got a point there....location is a major concern. I live in Bandar Baru Ampang and there's a KK Mart at the Waterfront. They sell Kinder Bueno at RM3.90 and 7-11 sell at RM4.30. I'll still buy at 7-11 at any given time just because I can reach there on foot, instead of driving to KK Mart. Capital is not your major concern, location is. If your store is located at some god forsaken place, how cheap your stuff are also you'll have hard time maintaining existing customers and getting new customers.  Anyway, I find many K.K minimarts are located at the same place with 7 eleven's. Why would someone choose 7 eleven over K.K if both are located at the same area? |
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Dec 25 2010, 05:40 PM
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#3
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Senior Member
723 posts Joined: Dec 2007
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QUOTE(cohabitation @ Dec 25 2010, 05:34 PM) So the strategy now is not "cheap" but "convenient". Hypermarkets are mushrooming, but can they open one in every 10KM? Yup Hypermarkets like TESCO, Mydin, Carrefour, GIANT are mushrooming. Besides these Minimarts are built nearer and more convenient, they are opened 24 hours a day. They fish customers during midnight. This post has been edited by mrkenn: Dec 25 2010, 05:40 PM |
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Dec 25 2010, 06:13 PM
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#4
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Senior Member
723 posts Joined: Dec 2007
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The price to franchise 7-eleven is sure high. A small minimart selling groceries, drinks, slippers, magazines would sound better eh?
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Dec 31 2010, 08:10 PM
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#5
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Senior Member
723 posts Joined: Dec 2007
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Anyone here has been involved in minimart business? Come share your experiences
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Jan 6 2011, 03:19 PM
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#6
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Senior Member
723 posts Joined: Dec 2007
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Wow that's quite detailed from you. Thank you. Anymore bits from others?
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