Best Franchise
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"7-Eleven" Company Profile |
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7-Eleven® has been a convenience retailer for nearly eight decades, and a leader in the franchise industry for more than 40 years. Today, 7-Eleven is the world’s largest convenience retailer, and offers a very different franchise opportunity… an opportunity to operate a truly neighborhood business with all the advantages of a global retail giant. 7-Eleven is a worldwide, technology-enabled, people-driven customer service machine that understands the importance of neighborhood focus. Our technology is designed to empower Franchisees and help enhance their ability to make decisions based on what their store’s customers want and need. 7-Eleven's relationship with its Franchisees is multi-faceted. We are not only a franchisor; we also serve as landlord, financing source, record keeper and consultant to the Franchisee. We take an active role in the Franchisee’s business because our success is predicated on their success. The 7-Eleven Franchise System offers a world-class opportunity to franchise and operate a neighborhood convenience store under the auspices of a world-famous trademark. Fill out and submit the request more info form and find out more about this amazing opportunity today. |
Franchise Information at a Glance |
Franchise Fee: $varies
Total Investment:
$varies
Min. Cash Required: $varies
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Financial Assistance: Yes
Training & Support: Yes.
Business Format: Franchise Opportunity: |
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Franchise Highlights:
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7-Eleven is among the "Top 10 Franchises" of 2007-2008-2009
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Among the "Top 100 Franchises"
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Among the "Top 500 Franchises"
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Among the "Top 25 Fastest Growing Franchises"
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Entrepreneur Magazine 2001-2002-2003-2004-2005-2006-2007-2008-2009-2010 |
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7-Eleven® is among the world's premiere convenience store retailers with a long and proud history that dates back over 75 years. We have been a leader in the franchise industry for more than 40 years since we purchased 127 franchised Speedee Mart stores in California in 1964.
Today, over 3,300 U.S. stores are operated by Franchisees who are dedicated to giving 7-Eleven customers what they want when they want it, by providing:
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a reliable, fresh assortment of high-quality products |
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speedy transactions |
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every day fair prices |
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a clean, safe and friendly environment in which to shop. |
Why Become a 7-Eleven Franchisee? 7-Eleven Franchisees are independent contractors, who through a special agreement with 7-Eleven, Inc. operate 7-Eleven stores in certain areas of the United States. 7-Eleven, Inc. owns or leases the building and the equipment inside the store. The Franchisee then leases or subleases the fully equipped and stocked store from 7-Eleven , Inc. Many will sell gasoline and feature pay-at-the-pump credit card readers.
The Sign of Opportunity 7-Eleven provides opportunities for entrepreneurs with retail and management experience to operate their own convenience store with the leading name in the business:
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7-Eleven franchise system - Are you a goal-oriented individual who wants to grow with a well-established retailer? Check this out!
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Business Conversion Program - Are you an independent store operator who would like to convert your business into a 7-Eleven store? Learn more now! |
The 7-Eleven Franchise System is like no other in the country. It is a proven retail operation with a world-famous trademark, and the average initial cash investment is reasonable. Best of all, 7-Eleven Franchisees receive assistance and support along the way.
A System Recognized by the Experts The experts agree. The 7-Eleven Franchise System is among the best. 7-Eleven has received a number of accolades for its business performance and franchising opportunities, including:
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The first place ranking in Convenience Store News’ Top 100 Franchise Chains for 2005 (also taking top honors for 2003 and 2004)
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Selection as Chain of the Year for 2005 by Convenience Store Decisions magazine
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14 years on Hispanic Magazine’s Top 100 Companies providing the most opportunities to Hispanics
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Inclusion among the Top 25 Franchises for Hispanics in 2005 by Hispanic Trends Magazine
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A ninth place ranking in Enterpreneur magazine’s Top 500 Franchises® for 2006 |
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| How the System Works: |
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7-Eleven, Inc. buys or leases the land on which the 7-Eleven store sites. When the company develops the site, the investment can range from $1 million to $2 million per store, depending on land costs and whether the store will sell gasoline. 7-Eleven® also buys the store equipment and pays the utilities. The Franchisee leases or subleases a fully equipped 7-Eleven® store. |
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The 7-Eleven Franchisee is responsible for ordering, buying and maintaining inventory; hiring and training employees, as well as payroll, cash variation, supplies, certain repairs, maintenance and other controllable in-store expenses. |
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7-Eleven maintains an "open account" for each Franchisee. This "revolving" account is credited with each day's receipts and debited with store purchases, operating expenses and other activities, and it includes the outstanding balance of any loans that 7-Eleven has made to the Franchisee. |
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| What the Franchisee Receives from 7-Eleven: |
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| 7-Eleven's Proprietary Store's Information System: |
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| Fees and Expenses: |
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The Franchisee pays a one-time initial franchise fee to 7-Eleven (averaging approximately $70,000, depending on the store's gross profit, but that may vary significantly depending upon the area). |
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A Franchisee is required to make an initial cash payment to 7-Eleven in an amount equal to the cost of the store's initial inventory, supplies, business licenses, permits, bonds and cash register fund. 7-Eleven will finance the Franchisee's continuing operating expenses. A typical initial cash payment to 7-Eleven for a franchise is about $89,000, but again, that may vary significantly depending upon the area. |
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A prospective Franchisee may wish to purchase an existing 7-Eleven Franchisee's interest in his or her store for which the prospective Franchisee must negotiate a price with the current Franchisee. This is called a "goodwill" sale. The "goodwill" price is paid to the existing Franchisee and would be over and above the typical initial cash payment made to 7-Eleven. |
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7-Eleven Franchisees are independent contractors, and 7-Eleven's relationship with them is multi-faceted. The company is not only a franchisor, but also serves as landlord, financing source, business advisor and record keeper to the Franchisee.
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