Independent Store Operator- Iroquois Ontario

Company Name Mac's Convenience Stores- Ontario
Location Iroquois, Canada
Date Posted December 5, 2013
Category Business Partnership
Job Type Business Partner 3 year contract

Description

As a great entrepreneur once said: “If you have to march in the band, it’s better to wave the baton than to carry the drum.”

It means that there really is no substitute for being your own boss. Mac’s Convenience offers you this opportunity with a minimal initial investment, comprehensive training and unparalleled ongoing support. Mac’s parent company Couche-Tard successfully operates Convenience opportunities throughout the world. Here’s your chance to join the band and continue that success. An Opportunity with Mac’s can provide you and your family with a viable, lucrative business very quickly with low risk and immediate results. We look forward to working with you!

 

 

How to become an Independent Store Operator

 

The information below indicates what you need to do before you can begin working with us. Please read the information carefully.

 

To become an Independent Store Operator you will be required to:

  1. Complete the Mac’s application process
  2. Pay  $7,500 ($2500 Training fee. $5000 toward your deposit) prior to starting training
  3. Complete and pass a 6-week training course
  4. Become independently incorporated
  5. Pass all necessary certifications and acquire municipal licenses
  6. Pay up to $30,000 as your refundable security deposit before going into your store*
  7. Sign a 3-year contract with Mac’s

*Please note that this figure could be higher or lower depending on the volume of the store.

Here are some details about what’s required:

  1. Complete the Mac’s application process
    • Apply to this specific location opportunity
    • Pass our interview, testing, reference, credit and criminal check process.
  2. Pay  $7,500 by bank draft or certified cheque  within your first week of training
    • Details about this deposit will be on your training agreement.
    • $2,500 will be a non – refundable training fee.
    • After completing training and signing your contract, the remaining. $5,000 deposit is applied to your total security deposit.
    • Accommodations while in Toronto for 2 days in week 2 and 3 days in week 6  is at Mac’s expense
  3. Complete a 6-week training course
    • Training is done both in a classroom and in a store environment.
    • Training takes 6 weeks for regular stores, up to 8 weeks for stores with a gas bar or a post office outlet.
    • Your participation and progress will be monitored weekly.
    • You will be tested regularly during classes, and you must score an overall average of at least 85% for the entire course.
    • Follow-up training will be done by our Training Store Operator and your area Market Manager.

  

  1. Become independently incorporated
    • You will incorporate with the Ontario government and be a majority shareholder of your business.
    • You will register with the federal government to collect HST.
    • You will acquire a HST Registration number from the Federal government.
    • Acquire a Tobacco Retailers Dealer Permit
    • We require a Letter of Legal Opinion and a Certificate of Independent Legal Advice to validate your corporation.
    • This process could cost you up to $1200 depending on lawyer’s fees (all fees are tax-deductible).
    • Your corporation retains its value as long as it has no bankruptcies.
    • You can keep your corporation after you leave Mac’s.
  2. Obtain all necessary certifications and acquire municipal licenses
    • You will be required to obtain the following:

NOTE : You will be required to pay for and acquire business licenses to sell tobacco and food through your municipality. You must also acquire an HST number, AGCO Lottery Retailer License, and any other licensing, permits and/or certifications deemed appropriate by Mac’s, its subsidiaries and/or the provincial or federal government  prior to being placed in a store.

  1. Pay 1.5% of the site’s yearly merchandise sales (between $10,000 – $20,000 or more depending on the store’s volume) towards your refundable security deposit
    • If you experience inventory loss greater than your income can cover, the difference will come out of your security deposit.
    • You will be paid interest annually on your security deposit.
    • Your security deposit is fully refundable when you leave according to the terms of your contract.
  2. Sign a 3-year contract with Mac’s
    • The contract specifies that you must give 30 days notice of termination.
    • If you leave without giving notice, you forfeit $2,000 of your security deposit.
    • If the company terminates your contract without notice and without cause, we will pay you $2,000.
    • All monies are held for 60 days after termination, until:
      • accounting is completed
      • a final statement is presented
      • release forms are signed
      • This contract is renewable.
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