I gather these points in Sunita Sue Leng's article.
1. Taiwan has highest density of convience store, 1 for every 2500 people
2. President Chain Store Corp controls 52% of it, ie 4,810 outlets.
3. In Beijing, there are 75; In Guangzhou 512. Shanghai? 4.
4. Map of control for 7-11 in China, North: 7-11 Japan, South: Dairy Farm HK, East: President Chain Store.
5. President took 7 years and 100 stores to break even in Taiwan. It estimates to take 3-4 years and 250 stores to achieve break even in Shanghai.
It certainly looks like there is a big potential market, and an experience and determined franchisor. Doing a franchise 7-11 was one of the many business ideas I considered once, but I dropped it when I saw it almost every corner, and don't forget NTUC Cheers. Anyone interested in running the business in Shanghai may consider it. :)
No comments:
Post a Comment