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How Much Does A 7 11 Franchise Cost?

Convenience stores present a new business opportunity for entrepreneurs to earn big bucks. If it’s your first business venture, starting your very own convenience store can be tough. As such, you want to start and operate your own convenience store through franchising. When it comes to convenience store franchises, nothing beats 7–Eleven.

What started as a mini convenience store in the late 1930s in Dallas, Texas, which sold bread, eggs, and milk, is now one of the most popular business franchises in the world. It now has more than 67,000 stores operating in 17 countries. 7-Eleven franchise continued growing over the decades to the point that you can now see it almost anywhere you go, especially in major cities around the world

But what makes 7-Eleven really interesting is that it has great potential for entrepreneurs to earn more money. The name itself is so popular that wherever you plan to open up your convenience store, as long as it bears the name “7-Eleven,” it can surely attract customers. 7-Eleven also holds positive franchise cost reviews because of the ROI it provides.

If you’re interested in starting and operating your own convenience store, you might as well become a franchisee of 7-Eleven. If you want to know more about the 7-Eleven franchise, check out these details.

7-Eleven Franchise Cost

Starting and operating your own 7-Eleven franchise is a great investment. But you need to understand that starting and running a 7-Eleven franchise requires a considerable investment. You have to think about the franchise fees and the ongoing fees first before you can see the returns of your franchise.

If you want to become a franchisee of 7-Eleven, you need to be aware of the additional costs. The initial investment for owning and operating your own 7-Eleven store can range from $37,550 to $1,200,000. The one-time initial fee for a 7-Eleven franchise depends on the store’s gross profit, which is somewhere between $10,000 to $1,000,000.

7-Eleven Franchising Options

7-Eleven offers three franchising options for aspiring franchisees to choose from.

  1. Single-Store franchise - This is recommended for entrepreneurs who are looking to start their own business venture. As the name suggests, you are allowed to open and operate one 7-Eleven store while learning the business. Once you get to know more about the business, you’re allowed to expand your store and become a multiple-store franchisee.
  2. Multiple-store franchise - This is recommended for entrepreneurs who have strong managerial skills and extensive retail experience. 7-Eleven requires you to have extensive experience and a solid financial standing before you can avail the multiple-store franchise.
  3. Property conversion program - 7-Eleven also offers a unique opportunity for entrepreneurs who wish to venture in the retail industry but lacks financial resources to buy a franchise. If you have an existing local business or property that is in a convenient location in the city, you’ll be able to avail this program.

What You’ll Like When You Purchase A 7-Eleven Franchise

What you’re going to like about purchasing a 7-Eleven franchise is the fact that the company will obtain and shoulder the cost of the land as well as building and store equipment. This means that you no longer have to worry about the equipment necessary for operating the store. 7-Eleven will provide that for you.

Aside from that, you also get to employ the successful business model that the company has been using for a long time. New franchise owners can quickly begin operating their own 7-Eleven convenience store once they complete the franchise training program provided by the company.

But the most rewarding advantage that you can get from purchasing a 7-Eleven franchise is its blockbuster branding. The company also takes an active role in helping you operate your store.

Here are the perks that you’ll enjoy when you purchase a 7-Eleven franchise:

  1. The franchisee and 7-Eleven shares the store’s profits.
  2. They will pay for the ongoing operating costs, which include utility bills.
  3. They’ll be responsible for the building’s rent.
  4. They’ll also pay your real estate taxes.
  5. 7-Eleven provides a training program that covers management, store accounting, and store operations.
  6. 7-Eleven helps you operate your store properly by providing a business consultant who talks to the franchisee regularly to help maximize the store’s profits.

Conclusion

The best thing about 7-Eleven stores is that they continued to innovate ways on how to serve and provide the needs of their customers. They always listen to what their customers want from them, and because of that, all the 67,480 7-Eleven stores spread around the world have become very successful.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes.

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