Garb-Ko Inc.

Home \| Franchising \| Careers \| Contact Us \| Stores

		GARBKO.com 7-Eleven Locations Throughout Outstate Michigan, Indiana & Ohio

	Garb-Ko, Inc.- 3925 Fortune Blvd. P.O. Box 5947 - Saginaw, MI 48603 989-799-6937 (Phone) \| 989-799-9206 (Fax)

			Products
			Franchising
			Careers
			Contact Us
			Home


	Award Winning Radio Meet Our President Privacy Policy

Previous: The Franchise System

Menu Return

Next: Franchisees' Investment

Understanding Expenses
7-Eleven® Financial Responsibility	Franchisee Financial Responsibility
Sub-License to Use Trademarks Lease of Real Estate and Building Lease of Equipment Certain Maintenance Indemnity for Certain Losses Utilities (Except Telephone & Trash) Merchandising Service Bookkeeping Service and Forms Inventory Audit Service Advertising Advisory Assistance	Payroll Payroll Taxes & Insurance Inventory Variation Supplies Telephone Equipment Maintenance Janitorial General Maintenance Laundry Licenses, Permits & Bonds Business Taxes Cash Variation Returned Checks Interest Expense Bad merchandise
Garb-Ko, Inc.	Franchisee

The 7-Eleven Charge
The 7-Eleven Charge is based upon franchisees' hours of operation.

24-Hour Operation
48% of the Gross Profit

* Beginning January 1, 2006, certain 24 hour operation stores will qualify for 48% on the 7-Eleven Charge of Gross Profits.
This change is for 5 years only. Beginning with the first day of the 6th year, the 7-Eleven Charge shall be equal to 52% of the Gross Profit through the balance of the Franchise Agreement.
Limited-Hour Operation
(6 A.M. - 2 A.M. or 140 Hours+ Each Week)

55% of the Gross Profit Minimum-Hour Operation
(7 A.M. - 12 Midnight)

57% of the Gross Profit

How Much Can Franchisees Make?
Franchisees net income depends upon:

Level of Customer Service
Time and Effort Devoted to the Store
Hours of Operation
Commitment to System
Store Location
The Economy
Competition
Franchisees' Abilities:
- Sales Ability
- Management Ability
- Ability to Train & Supervise Employees
- Good Business Sense
- Ability to Control Operating Expenses
- Ability to Control Cash and Inventory

Franchisees receive their income weekly as a draw on anticipated profits, and quarterly as a draw of net worth increase. The amount of net worth increase not withdrawn by franchisee quarterly, increases their net worth and reduces the amount financed by 7-Eleven.

Click Here To View a List of Current Franchise Opportunities

Previous: The Franchise System Menu Return Next: Franchisees' Investment

Home \| Franchising \| Careers \| Contact Us \| Stores	© Copyright 2008 Garb-Ko, Inc. All Rights Reserved. No material may be redistributed without the expressed written consent of the publishers.