It is no secret that 7-Eleven has been a leader in convenience store franchising for many years. The company offers franchise opportunities to those looking to launch their own business with the help of a recognized and trusted brand name.
While it may be tricky to get started, the potential rewards are great. Before you make your decision, let us provide you with all the information you need about 7-Eleven Franchise Fees, Profit, Total Investment, training, restrictions, renewal, and return on investment so you can inform your decision.
With this information, you will have all the tools required to know if 7-Eleven franchising is right for you. Read on to learn more!
About 7 Eleven Franchise History
7-Eleven is a popular convenience store franchise that has been around for over 90 years. Founded in 1927 by Joe C. Thompson, the company was known as “The Southland Ice Company” and sold ice to local customers.
In the 1950s, Thompson began adding other merchandise, such as snacks and magazines, to the stores, and the company became more like a convenience store. In 1963, the company officially changed its name to 7-Eleven and began franchising in 1964.
Since then, the global reach of 7-Eleven has grown dramatically. The stores are now found in almost every state in America and worldwide.
In addition to traditional convenience store items, many 7-Eleven locations now offer hot food options such as pizza and sandwiches. Customers can purchase products from the company’s exclusive private-label snacks and beverages line.
7-Eleven franchises are perfect for entrepreneurs who enjoy working with people in a fast-paced environment. Franchisees benefit from the system’s experience, infrastructure, and ongoing support.
Franchisees must provide their labor and manage the store’s daily operations, while 7-Eleven provides marketing materials, advertising, operational training, and other benefits.
7-Eleven has become one of the largest convenience store chains in the world thanks to its long history and dedication to quality and customer service. The company continues to grow, innovate and adapt to changing consumer needs.
7-Eleven offers a unique and exciting opportunity for entrepreneurs looking for a successful franchise business. With exemplary commitment, dedication, and hard work, owning a 7-Eleven franchise can be an excellent way to start your own business.
7 Eleven Franchise Requirements
To franchise with 7‑Eleven, you must:
- Have U.S. citizenship (or permanent residency) and be at least 21 years old
- Pass a complete background check
- Not having any other business interests that, in the opinion of 7‑Eleven, might threaten your ability to successfully implement the 7‑Eleven business concept.
- Ready to start a multi-unit franchise.
7-Eleven Franchise Stores
The 7-Eleven franchisor offers three different store types:
- A traditional individual store is one the franchisor owns or rents.
- Business Conversion Program (BCP) franchise: Unlike typical franchisees, this franchisee pays a separate royalty and is subject to a different disclosure form.
- Micro Market Franchise: This small-scale store can be found on its own or in an office building, university, hospital, hotel, or other similar settings.
7-Eleven Franchise Model
| Investment | $50,000 to $1,000,000 |
| Franchise-Fee | $0 – $1,000,000 |
| Royalty fee | 50% of gross profit |
| Area Requirement | At least 1,800 square feet |
| Estimated Outlets | 53,000 |
The Benefits Of Owning A 7-Eleven Franchise
7-Eleven ranks highly among franchise opportunities as a corporation.
Acquiring a 7-Eleven franchise may transform an existing firm into one with blockbuster branding and widespread recognition.
The company offers the following services:
- Paying for utilities such as water, gas, and electricity.
- Taking care of any building rent and property taxes.
- Weekly business consultant meetings are held to help franchisees thrive.
- Obtaining and paying for land, construction, and storage equipment.
- Internal financing program that can finance up to 65 percent of the initial franchise price.
Training At 7-Eleven
The training occurs in the Store Support Center and a 7-Eleven Training store in Irving, Texas. The training curriculum is around 300 hours long.
With our approval, franchisees and any supervisors they select must complete the course successfully (as we determine it).
The franchisor may provide further training based on modifications in the 7-Eleven system.
7-Eleven Comparison
| Company | 7-Eleven | Circle K |
|---|---|---|
| Founded In | 1927 | 1955 |
| Initial Investment | $50,000 to $1,000,000 | $185,500- $2,204,150 |
| Franchise-Fee | $0 – $1,000,000 | $25,000 |
| Total Outlet | 53,000 | 1886 |
| Annual Revenue | $18.66 Billion | $147 Million |
Frequently Asked Questions
What are the prerequisites for a 7-Eleven franchise?
To open a 7-Eleven franchise, you must be at least 21 years old and have U.S. citizenship (or permanent residency). Pass a thorough background check. Have no other business interests that would threaten your ability to properly implement the 7- Eleven business model.
Is it wise to invest in 7- Eleven?
The 7-Eleven system may ultimately result in a more profitable business as a franchisee, with a strong brand, a robust franchisee support system, and a reasonable royalty structure.
Does 7-Eleven offer a Franchise?
Yes, 7-Eleven offers franchise opportunities worldwide, consistently ranked in the top-10 franchisor list.
How much does a 7-Eleven Franchise Cost?
7-Eleven requires a franchise fee from $0 to $1,000,000, with total investments in the range of $53,600 to $1,163,000.
Who is the owner of 7 eleven?
7-Eleven is the world’s largest convenience store chain with over 66,000 stores in 16 countries. The company is operated by Seven & I Holdings Co. of Japan, which holds a majority stake (87%) in the company and has been its parent since 2005.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.