Are you looking for a 7-Eleven franchise but first, you want to know how much does a 7-Eleven franchise owner make?
Then you are at the right place. In this article, we are discussing the facts related to the 7-Eleven franchise and other details like its profitability, investment, training, support, and so on. So, let’s begin.
What Is 7-Eleven?
7- Eleven was founded by Joe. C Thompson, where he first started selling bread, milk, and eggs. 7-Eleven is a Japanese chain of convenience stores.
It changed its name to 7-Eleven in 1945 and started franchising. Currently, 7-Eleven has more than 77,000 units around the world.
They offer three different types of franchise stores: A traditional store, a Business Conversion program, and a Micro market Franchise.
7-Eleven is a high-cost investment franchise, but they also support up to 65% financing if you qualify for their terms and conditions.
How Much Does A 7-Eleven Franchise Owner Make?
According to data, 7-Eleven has generated a revenue of $18.66 billion annually. On average, an individual franchise makes $1.4 million per store in a year.
Profit also varies on the kind of store you own as 7-Eleven offer different kinds of franchise store. A franchise owner can easily earn $50,000-$75,000 as their salary.
What Is 7-Eleven Best Known For?
7-Eleven is a convenience store with over 300 branches. It offers various products like baked goods, snacks, on-the-go hot meals, and so on.
It is a kind of retail store; you will find all the basic items here. All the products used in daily necessity lives are available at 7-Eleven stores.
They also offer e-service and bill payments facilities for their customers. There are a few healthier products you can find in the store, which are the following:
- Chocolate Milk.
- Granola Bar or Protein Bar.
- String Cheese Sticks.
- Bananas or a Fresh Fruit Cup.
- Jerky or Salami Sticks.
- Trail Mix.
It offers all products and things which make our life convenient. Moreover, they always try to maintain the best quality product and brand recognized name.
Also, they always maintain their stock as per your need and convenience.
Pros & Cons Of 7-Eleven Franchise
Pros Of 7-Eleven Franchise
- Different types of franchise stores offered by 7-Eleven
- Covers a lot of finances
- One of the top performing convenience store brands
- Provides training
- High profitability
Cons Of 7-Eleven Franchise
- 24/7 business
- Less control of the running franchise
- Most of the decisions are taken by franchisors
- Need to invest more if franchisees want to make more money
- High-Cost Investment
Is 7-Eleven Franchise Profitable?
There are many aspects that define the profitability of any business. As per our study, any convenience store has the potential to make a high profit.
And A7-Eleven is recognized as a worldwide brand, so there is no doubt they have any chance of low profitability.
However, 7-Eleven requires a high-cost investment as it gives a high-profit margin also. 7-Eleven is a lucrative franchise for all business that wants to diversify their portfolio.
There are some loopholes for sure, but if we look at it in terms of profit, then 7-Eleven is one of the best franchises to own.
7-Eleven is the best franchise to own in terms of profit. But there are some loopholes also. First, you must be at least 21 years old and also a citizen of the USA.
If you buy this franchise, you can’t run any other business. Also, it is a high-cost investment, but they support financing.
As for the good part, they pay for utilities such as water, gas, electricity and so on. they also provide a training program of 300 hours. Overall buying a 7-Elven franchise is a good option.
Frequently Asked Question
How much does it cost to own a 7-Eleven Franchise?
An initial investment required to open a 7-Eleven franchise is $50,000 to $1,000,000.
How much profit does a 7-Eleven franchise make?
7-Eleven has generated a revenue of $18.66 billion annually. On average, an individual franchise makes $1.4 million per store in a year.
How many 7-Eleven franchises are there?
7-Eleven has more than 77,000 units around the world.
Amit Gupta is the founder of DrFranchises. He has a keen interest in investments, and has thus far invested in a few franchises. Franchise businesses are his forte- he knows all there is to know about their space requirements, fees, ROI potential, and business models. This makes him an ideal candidate for anyone looking to invest in a franchise