7 Eleven Franchise Price, Locations and Opportunities
Is 7 eleven a good franchise to own? Have you started having interest in 7 eleven franchise business and you are doing research on other successful franchise businesses? Maybe you are interested in becoming a franchisee of a very successful food franchise company like 7-Eleven Franchise. Whatever interest that brought you to this post, you’re in the right place. I know you want to know how to franchise 7 eleven.
Description and Operation of 7-Eleven Franchise
7-Eleven was founded 89 years ago, precisely 1927. The company has it headquarter in Dallas, Texas, USA. 7-Eleven is one of the largest international convenience stores presently. It was named “Totem’s Store” by the founder and franchise owner named Joe C Thompson.
The reason the company was later changed from Totem to 7-11 Franchise was because, after the company started seeing progress, they started operating from 7:00 to 11:00, from Monday to Sunday. This happened in 1946.
This company was started by an employee of Southland Ice Company in 1927 by John Jefferson Green who began selling bread, eggs and milk using one of the ice house storefront with permission from Joe C Thompson, one of the founding directors of Southland Ice Company.
In 1928, a Totem’s pole was bought by a Southland executive and placed in front of his store. This action raised the brand of 7-Eleven as it then serves as a marketing tool and attracted great customers to the company. Immediately, the other executives took the idea to have a totem pole in front of every store in Dallas, Texas.
That same year, the company ventured into gasoline station’s business, having different locations in Dallas. Joe C Thompson made sure all the gasoline station operated the same quantity and services by training the staff and providing them with uniform.
Southland Ice company was bought and renamed to Southland Corporation when Joe C Thompson saw that selling milk and bread in convenience store, would save customers from travelling long distance. In 2010, Entrepreneur’s Magazine ranked 7-Eleven No 3 spot in her 31st Annual Franchise 500. This was the most and first comprehensive ranking in the world.
Presently, 7-Eleven has launch it iPhone and Android application. This Slurpee drink app help people find 7-Eleven franchise stores with direction. 7-11 has more than 57,000 convenience stores around the globe.
Products and Services
711 Franchise are into; carbonated drinks, coffee, gasoline, financial services, dairy products, bakery items, product delivery services and many others.
7-Eleven offers franchising opportunities and financial incentives helping franchisees succeed as a 7-Eleven partner. Operating as a 7 eleven franchisee reduces the risk of starting your franchise business from the scratch because 7-Eleven offers so many benefits for investors who are interested in owning her franchise.
The benefits include; extensive 7 Eleven seminar and training with weekly support, zero franchise fee, providing the location/store, equipment and land.
How to get 7 eleven franchise: Franchise For Sale
Before you can be accepted as a candidate for 7-Eleven USA franchise, you must possess some skills such as; service oriented, self-driven entrepreneurship, hard working, strong entrepreneurial mindset, staff motivation and capable of funding the investment even after you buy a 7 eleven franchise .
7 Eleven Franchise Cost
So how much do I need to buy a 7 eleven franchise?
Investing into 7-Eleven franchise can be costly ranging from $70,000 to $500,000 which include the equipment and facilities, operational store, furniture and air-conditioning system, an average price when owners put 7 Eleven franchise for sale.
How much does it cost? Aside the high startup capital, you are assure you will make huge returns from your investment. Like I wrote earlier in this post that they do give extensive training and offer 24 hours support. They also provide promotional support and advertisement.
Becoming a 7-Eleven franchisee means you have the license to use their trademark and build as many 7 Eleven franchise locations in a particular territory as you would like. Hope you know it also means you will be paying them.
If you’re a 7 Eleven gas station franchisee and you want to operate one in your country, there is a one time 7 Eleven franchise fee ranging between $10,000 to $40,000. 7-Eleven will handle the permits from local authorities and state, but you are to cover the fees involve.
As a franchisee of 7-Eleven franchisee, you can only operate on existing location given to you by the company. You have no right to open your own location. This is contained in the 7 Eleven franchise agreement.
You can also qualify for 7-Eleven international franchise if you are over 21 years of age and have not been filed for bankruptcy seven years before the date of application.
A franchisee pays between 20%-30% of their yearly 7 Eleven Franchise income. The higher your gross 7 eleven franchise profit margin, the higher the percent charge.
Here are the few things you have to do to become a franchisee of 7-Eleven inc. franchise company.
7 Eleven Franchise Requirements
1. You have to find their online 7 Eleven franchise application form from their site and fill it. It’s very short and simple. This allows them to get how much 7 Eleven franchise information you know, the problems, challenges and common complaints as well as prepare you for interview questions.
2. After submitting the form, you will be scheduled for an offline interview. Come along side with your resume and a sample 7 eleven franchise business plan.
3. Lastly, you will have to go through their training course after you must have attended the final interview. The training course is for enlightenment on how you can run your franchise successfully.
After completing the training course and the construction of your store (by 7-Eleven), you will be ready for 7-Eleven franchise business.