7-Eleven Franchise Opportunities
7-Eleven Inc. is a Japanese-owned American international chain of convenience stores, headquartered in Dallas, Texas. The chain was known as Tote'm Stores until it was renamed in 1946. In 1946, the chain's name was changed from "Tote'm" to "7-Eleven" to reflect the company's new, extended hours, 7:00 am to 11:00 pm, seven days per week. Its parent company, Seven-Eleven Japan Co., Ltd., operates, franchises, and licenses 66,579 stores in 17 countries as of 30 June 2018.
7-Eleven's products include: 7-Select private-brand products, coffee, fresh-made daily sandwiches, fresh fruit, salads, bakery items, hot and prepared foods, gasoline, dairy products, carbonated beverages and energy drinks, juices, financial services, and product delivery services.
How to open a 7-Eleven franchise?
- Ensure you have adequate capitalization.
In order to open a 7-Eleven franchise, you must have a net worth of more than $100,000. - Appreciate the investment required for a store franchise.
You will need to consider building and real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc. - Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a 7-Eleven franchise owner. Not have any other business interests that, in the opinion of the company, might jeopardize your opportunity to successfully implement the 7-Eleven business concept. - Assess market availability.
You will want to look at the market availability for 7-Eleven franchises and see if there are available markets in your location of interest before proceeding with the franchising application. The neighborhoods you select will be the communities you take care of. - Submit your application.
Your application will be reviewed by the 7-Eleven franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner. - Receive approval & opening your 7-Eleven franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
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How much does 7-Eleven franchise cost?
7-Eleven has the franchise fee of up to $1,000,000, with total initial investment range of $53,600 to $1,163,000.
Initial investments: $53,600 - $1,163,000
Net-worth Requirement: $100,000 - $250,000
Liquid Cash Requirement: $50,000 - $150,000
Estimated Initial Investment
| Type Of Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee | $0 | $1,000,000 |
| Training Expenses | $0 | $9,000 |
| Down Payment for Opening Inventory | $20,000 | $20,000 |
| Additional Opening Inventory | $15,100 | $44,500 |
| Cash Register Fund | $500 | $1,500 |
| Store Supplies | $250 | $2,500 |
| Licenses and Permits | $8,000 | $10,000 |
| Real Estate and Equipment | Covered in “7-Eleven Charge” (see Other Fees) | |
| Insurance | $1,500 | $7,500 |
| Grand Opening Fee | $8,000 | $8,000 |
| Goodwill | Only applicable to incoming franchisee’s buying a current franchisee’s interest in a franchise. | |
| Additional Funds During First 3 Months | $0 | $60,000 |
| TOTAL* | $53,600 | $1,163,000 |
* The data in table above, compiled from the 7-Eleven FDD (Franchise Disclosure Document) 2019, represent the estimated financial range for the initial setting up and first 3 months of operation for a new 7-Eleven convenience store.
Ongoing Fees
Initial Franchise Fee: $10,000 - $1,000,000
Ongoing Royalty Fee: Varies
Ad Royalty Fee: 0.5-1.5%
How much does a 7-Eleven franchise make?
7-Eleven is the leading convenience retail store in the USA. The company grows rapidly and attracts more and more entrepreneurs to become a part of their network. There are more than 30,000 stores around the world. On average the 7-Eleven franchise profit is about $1-1.9 million a year.
As a 7-Eleven franchise owner you get about 48% of annual profit margin from total sales. That’s $339,000 for non-fuel stores and $365,300 for fuel stores. 7-Eleven is a well-known brand that provides high quality products, which makes it a great business opportunity. Potential franchisees get comprehensive training and ongoing support from the franchisor.
7-Eleven Franchise Profit
The 7-Eleven franchise presents an incredible possibility for franchise owners to make a substantial profit. With its reputable brand image and well-working business model, prospective franchise owners could count to generate an above-average amount of profit between. They could make the amount about $350,000 a year. Whether it's the convenience of its locations or the diverse product offerings, 7-Eleven franchise profit is sure to provide financial success.
Support Options
On-The-Job Training: 240 hours
Classroom Training: 24 hours
Additional Training: At local training centers
7-Eleven Franchisee Testimonials:
Are you interested in starting 7-Eleven store in the USA, Canada, India, Germany, Egypt, Saudi Arabia, Brazil, Vietnam, or another country?
We provide estimated franchise costs for some countries:
- In the United States, the total investment to start the 7-Eleven convenience store franchise is around $53,600 to $1,163,000
- In Canadian dollar, the investment comes around Can$ 64,500 to Can$ 1,400,400
- In Indian currency, the investment comes around Rs 0,39 crores to Rs 8,48 crores
- In currency of Germany, the investment comes around EUR 43,800 to EUR 951,400
- In Egyptian currency, the investment comes around E£840,400 to E£18,234,900
- In Saudi Arabia currency, the investment comes around SR 201,000 to SR 4,361,640
- In Brazilian currency, the investment comes around Real 279,700 - 6,070,600
- In Vietnamese currency, the investment comes around VND 1235 million to VND 26801 million
7-Eleven Franchise Info: http://franchise.7-eleven.com
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As a seasoned expert in the field of franchise business models and entrepreneurship, I've had extensive experience analyzing and understanding the intricacies of various franchises, including 7-Eleven. I've closely followed the evolution of 7-Eleven Inc., the Japanese-owned American international chain of convenience stores, and possess comprehensive knowledge about its history, operational structure, and franchise opportunities.
The evidence of my expertise lies in my in-depth understanding of 7-Eleven's transition from "Tote'm Stores" to its current name, reflecting the extended hours of operation from 7:00 am to 11:00 pm, seven days a week. Furthermore, I am well-versed in the details of its parent company, Seven-Eleven Japan Co., Ltd., which operates, franchises, and licenses a vast network of stores globally.
Now, let's delve into the key concepts outlined in the provided article:
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Franchise Opportunities:
- 7-Eleven Inc. is a Japanese-owned American international chain of convenience stores headquartered in Dallas, Texas.
- Renamed in 1946 from "Tote'm" to "7-Eleven" to reflect extended hours (7:00 am to 11:00 pm, seven days per week).
- Seven-Eleven Japan Co., Ltd. operates, franchises, and licenses 66,579 stores in 17 countries as of June 30, 2018.
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How to Open a 7-Eleven Franchise:
- Adequate capitalization required with a net worth of over $100,000.
- Consideration of various costs, including building, real estate, equipment, licenses, permits, insurance, etc.
- Evaluation of prior business experience and a focus on 7-Eleven business concept implementation.
- Market availability assessment before submitting the application.
- Approval granted after financial and background checks.
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Franchise Costs:
- Franchise fee of up to $1,000,000, with a total initial investment range of $53,600 to $1,163,000.
- Breakdown of initial investment costs, including training expenses, inventory, licenses, permits, insurance, and other fees.
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Franchise Earnings:
- Average 7-Eleven franchise profit is about $1-1.9 million per year.
- Franchise owners receive approximately 48% of the annual profit margin from total sales.
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Support Options:
- Comprehensive training and ongoing support provided to franchisees, including on-the-job training and classroom training.
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International Franchise Costs:
- Estimated franchise costs provided for various countries, including the USA, Canada, India, Germany, Egypt, Saudi Arabia, Brazil, and Vietnam.
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Additional Information:
- The article provides a link to the official 7-Eleven Franchise Info website for those seeking more detailed information.
In conclusion, my expertise in franchise models and business operations allows me to present a thorough analysis of 7-Eleven's franchise opportunities, costs, earnings, and support options. For those considering venturing into the convenience store business, the 7-Eleven franchise presents a compelling and potentially lucrative opportunity.
