7-Eleven franchisees request open accounting of vendor payments

The National Coalition of Associations of 7-Eleven Franchisee requests the c-store chain to show how much money it collects from vendors.

In the wake of its corporate convention, which reportedly drew thousands of vendors and their associates, the National Coalition of Associations of 7-Eleven Franchisees, (NCASEF) is requesting that 7-Eleven, Inc. (SEI) open its books and show how much money it collected from the vendors.

“We strongly believe that the money 7-Eleven collects from vendors at trade shows should be used to help lower the cost of goods for all franchisees,” said Rehan Hashmi, Vice Chair of the National Coalition. “The company collects millions of dollars for its Japanese parent even as U.S. franchisees are struggling to earn solid profits.”

The National Coalition, which is an elected, independent body representing more than 7,000 7-Eleven franchised locations in the U.S., has repeatedly asked SEI to apply vendor payments to the cost of goods, but the company has yet to show any accounting.

“Franchisees should have a voice on how to best use that money. SEI should not be using the millions it collects to defray expenses they should bear,” said Michael Jorgensen, the National Coalition’s Executive Vice Chairman.

Based in Irving, Texas, 7-Eleven operates, franchises or licenses more than 67,000 stores in 17 countries, including 11,800 in North America.