Don Daszkowski wrote for The Balance Small Business. 7-Eleven is the leading international chain of convenience stores, headquartered in Irving, Texas, that operates, franchises, and licences some 56,600 stores in 17 countries.In 1988, 7-Eleven Singapore introduced its first franchised store and offered entrepreneurs the unique opportunity to start their business based on a proven framework and methodology developed by 7-Eleven.7-Eleven is the … Though 7-Eleven is is a top franchise opportunity, it is not as highly ranked as it was even a few years ago and not as profitable as some other franchise opportunities. This comes with a net worth requirement between $100,000 and $250,000 and a liquidity requirement of $50,000 to $150,000. The 7‑Eleven brand is known and loved around the world, and our iconic products are a big part of the American culture. And a business model built for expansion. General Franchising FAQs; published online 2019. https://franchise.7-eleven.com/franchise/faq. Complete the online inquiry form and attend our franchise briefing every Mondays and Thursdays at 10 AM or 2 PM at 7/F Columbia Tower, Ortigas Avenue, Mandaluyong City. 7-Eleven is the world’s largest convenience store and consistently ranked as a top-10 franchisor. 7‑Eleven is always looking for candidates who possess the ideal mix of personal qualities, professional experience and financial standing to successfully operate a 7‑Eleven franchise. WHY 7-ELEVEN? Entrepreneur 2016 Franchise 500 Ranking; published online 2016. https://www.entrepreneur.com/franchises/500/2016. 7-Eleven began in 1927 as the Southland Ice Company. A growing industry. When you franchise with 7‑Eleven, you become part of a powerful network where your success comes first. In the case of our single-store and multi-unit traditional franchise programs, 7‑Eleven obtains and bears the ongoing cost of the land, building and store equipment. This comes with a net worth requirement between $100,000 and $250,000 and a liquidity requirement of $50,000 to $150,000. This changed in 1964 when 7-Eleven purchased the 126 Speedee Mart, which … A strong global brand. For more information contact: Entrepreneur Magazine Online 2016. And although we’ve grown significantly over the years, our focus stays fixed on making life easier for customers. Bio 7-Eleven's origins date back to 1927, when an employee of the Southland Ice Company in Dallas, Texas, began selling milk, bread and eggs in addition to the ice blocks. Qualified multi-unit Franchisees will: Have U.S. citizenship (or permanent residency) and be at least 21 years old Entrepreneur Magazine Online 2019. NOTE: FDD pages are provided for informational purposes only. As a company, 7-Eleven is highly ranked among franchise opportunities. 7-Eleven Inc., 2019. 7-Eleven, with its proven business models and popular quality products, is an award-winning franchisor with over 50% of our stores managed by individual franchisees. Watch later 7-Eleven Inc. is a Japanese-owned American international chain of convenience stores, headquartered in Dallas, Texas. 7-Eleven takes an active role in the franchisee’s business, which for some experienced franchise owners may feel too hands-on. 7-Eleven Increases Franchise Recruiting Incentive for Recent Military Veterans Aug 08, 2014 - Recognized as military friendly by multiple veterans organizations and publications, 7-Eleven, Inc. is serious about growing its franchisee ranks with qualified military veterans. Get all the info you need here for free! Review costs and fees as well as Veterans incentives and discounts available. That’s why we offer incentives like special discounts and financing. He is an experienced entrepreneur who has trained individuals to become Certified Franchise Consultants. The 7‑Eleven Story 7‑Eleven is the world’s largest convenience store because our mission, vision and focus are all about serving the customer and have been since our founding in 1927. This Dallas-based company is now the world’s largest convenience store retailer, though it prefers to market itself as a “neighborhood business” in keeping with its 1927 roots. The convenience store started offering its franchise model in 1964, after purchasing a number of Speedee Mart franchises across California. Or if you are interested in franchising a single 7‑Eleven location outside of the U.S. and Canada, please apply for franchising (if available) with the local 7‑Eleven Master Franchisee. Plus, our flexible site options give you several ways to make your franchising dream a reality. Or just 7‑Eleven? Find detailed information about owning a 7-Eleven franchise. About the 7-Eleven Franchise With its proven business model and popular quality products, 7-Eleven is an award-winning franchisor with over 40% of our stores managed by individual franchisees. 7‑Eleven is always looking for candidates who possess the ideal mix of personal qualities, professional experience and financial standing to successfully operate a 7‑Eleven franchise. FRANCHISE PROCESS. $50,600. 7-Eleven was the first 24/7 convenience store, has been a convenience retailer for over 80 years, and has been a leader in the franchise industry for more than 40 years. Hurry and apply now - this store will franchise fast! A growing industry. The corporation provides extensive support to franchisees, including: 7-Eleven has a streamlined and established franchising system, which allows you to begin operating your store as soon as you complete the franchise training program. © 2020 7‑Eleven Inc. Providing weekly business consultant meetings to support franchise growth. Starting your own franchise is easier than you think. STEP 2: PRE-QUALIFICATION. This site is intended for residents of the U.S. All rights reserved. Year of FDD: 2019. For more details, please visit our qualifications page. 7‑Eleven is committed to actively promoting diversity in its franchise system. Early stores went by the name Tote’m, since customers “toted” their packages away. 7-Eleven is the world's #1 convenience store, and a top-five franchisor. The initial investment to own and operate a 7-Eleven franchise location is based on the store's individual gross profit; this can range from $50,000 to $1,000,000. Entrepreneur 2019 Franchise 500 Ranking; published online https://www.entrepreneur.com/franchise500/2019. 7­-Eleven began franchising their concept in 1964. The company now has 534 franchise units in Sweden, Denmark and Norway. As customers came to buy ice, enterprising employee John Jefferson Green also began selling milk, bread, and eggs after hours in order to reduce the need for customers to travel long distances for basic items. 7-Eleven Franchise information for Veterans. Plus, nearly 88% of all U.S. households have a car, which makes a weekly trip to the neighborhood gas station a requirement. Initial Franchising Costs with 7-Eleven; published online Nov. 21, 2018. https://franchise.7-eleven.com/franchise-blog/initial-franchising-costs-with-7-eleven. Starting your own franchise is easier than you think. Obtaining and bearing the cost of land, building, and store equipment. On October 26, 1982, Philippine Seven Corp. (PSC) acquired the license agreement to use the 7-Eleven Convenience Store system in the Philippines, with the chief mission to introduce an entirely new retailing concept to the Filipino consumers: operating a chain of 24-hours convenience stores. That’s why convenience stores are a smart way to keep revenue flowing 24/7, 365. That employee, Joe C. Thompson, eventually bought the Southland Ice Company, turned it into the Southland Corporation, and began opening convenience stores. 7-Eleven's origins date back to 1927, when an employee of the Southland Ice Company in Dallas, Texas, began selling milk, bread and eggs in addition to the ice blocks. Or just 7‑Eleven? These were an early form of the brand standards that are now employed in franchising. *A portion of the 7-Eleven Charge covers the required lease of the land, building and equipment. New to franchising? There is also a gasoline fee (if you offer fuel) and the “initial inventory-supplies-permits-bonds, and cash register fund fee.”. Paying for water, sewer, gas, and electric utilities. How Much a 7-Eleven Franchise Costs The initial investment 1  to own and operate a 7-Eleven franchise location is based on the store's individual gross profit; this can range from $50,000 2  to $1,000,000. In opening a 7-Eleven franchise, you must weigh the high level of support from corporate and highly recognizable brand against lower possible profits. As a national organisation, 7-Eleven has adopted an open culture, which embraces new business ideas, innovation, and franchise … … 7-Eleven adopts an open culture in the operations of its business, and embraces new business ideas and innovation to support the franchise. The company offers three different types of setups for franchisees to consider when deciding what kind of 7-Eleven franchise to open: Standalone stores: These are single-site 7-Eleven stores, which is likely the kind with which you’re most familiar. The ease of shopping appealed to customers, and the profitable business model turned into one of the first convenience stores. The following financial information was provided by 7-ELEVEN to give you more information about the costs associated with a 7-ELEVEN opportunity. You may be a great candidate. “Give the customers what they want, when and where they want it.” Joe C. Thompson Jr., 7‑Eleven Founder This was unprecedented at the time, and the chain was given a new name to reflect that. And a business model built for expansion. Whether you’re in a big city or small town, just about everyone needs soft drinks and snacks. In 1946, the stores' hours were extended, opening at 7 a.m. and closing at 11 p.m. 7‑Eleven has a unique approach to store development. We know U.S. military veterans have the skills, focus and experience needed to succeed as business owners. See if you’re near any: New to franchising? Thom… Franchise Direct's Disclaimer. When you franchise with 7‑Eleven, you become part of a powerful network where your success comes first. The above information has been compiled from the FDD of 7 Eleven. As a 7-Eleven Franchisee, you'll be partnering with a brand that's known and loved around the world. Although we’ve grown exponentially over the years, our focus stays fixed on making life easier for customers. Click for more 7-Eleven Franchise information. A Complete List of Which Stores Are Open on Christmas Day 2020. Franchisees are responsible for a down payment on the store's inventory, licenses, permits, and bonds, which is generally around $29,000, as well as the starting cash register funds. The convenience industry takes in $650 billion a year. Consider Molly Maid as an Option, A Complete List of Which Stores Are Open Late on Christmas Eve 2020, The Balance Small Business is part of the, https://franchise.7-eleven.com/franchise-blog/initial-franchising-costs-with-7-eleven, https://franchise.7-eleven.com/franchise/faq, https://www.entrepreneur.com/franchise500/2019, https://www.entrepreneur.com/franchises/500/2016. Opening a 7-Eleven franchise allows you to upgrade an existing business to one with blockbuster branding and a high level of name recognition. The first stores went by the name Tote'm, since customers "toted" … Total Investment. In 1927, Southland Ice Company employee John Jefferson Green began selling ice, then he started selling eggs, milk, and bread from one of 16 ice house storefronts in Dallas, with permission from one of Southland's founding directors, Joe C. Thompson, Sr. Joe Thompson, one of the founding directors of Southland Ice Company, is credited with developing a training program that emphasized the importance of each customer receiving the same quality of service in every store. About 7-Eleven Franchise. For a list of those markets, please see Existing Markets on the … "The 7-Eleven Franchise Agreement has a provision in it which unfairly favors the franchisor. The 7-Eleven franchise is born . They signed the first United States area licensing agreement in 1968 and the first international licensing agreement with Mexico in 1971. 7‑Eleven is the world’s #1 convenience store, and our brand is known and loved around the world. The first European 7­-Eleven store was opened in Stockholm, Sweden in 1978. As a 7-Eleven Franchisee, you'll be partnering with a brand that's known and loved around the world. 7-Eleven Franchising – own a convenience store franchise. Minimum Investment. Although small grocery stores and general merchandisers were available, Thompson theorized that selling products such as bread and milk in convenience stores would reduce the need for customers to travel long distances for basic items. STEP 1: INITIAL CONTACT. Learn what it takes to partner with our brand. We currently have several stores for sale in growth areas. Over time, most 7-Eleven locations have become 24-hour stores. 7-Eleven is an international chain of over 58,000 convenience stores operating in 17 countries worldwide. Unlike most franchise systems that require franchisees to develop their stores, 7‑Eleven provides fully stocked stores. Start a 7-Eleven franchise Request FREE information about this opportunity now Request FREE Info Profile; Financials; 7-ELEVEN Financial Data. This also has the potential of to lead to charges of joint employment and vicarious liability, so strong safeguards and manual language must be included in the 7-Eleven system. The Little Gym – Franchise Information and Costs, What You Need to Know When Opening a Pizza Hut Franchise, The 7 Best Drop Shipping Companies of 2020, Here Is a Look at the Costs of Opening a Dairy Queen Franchise, A Review of Papa John's Pizza Franchise and What It Takes to Open, Wendy's Franchise History, Information and Costs, Looking for a Franchise to Invest In? In the traditional 7-Eleven franchise system, the franchisor obtains the land, building and equipment, as well as does the leasehold improvements, including fixtures, furnishings and … For each gross-profit dollar a franchisee earns, … An internal financing program that can offer up to 65 percent financing of the initial franchise fee. Select your site from our list or if you already have a location, 7-Eleven will help you evaluate your site. Although 7-Eleven had worked to increase the number of locations it owned, the company still operated all the stores that bore its name. But the 7-Eleven name has stuck and has helped develop into a brand with worldwide recognition. Paying for any building rent and real estate taxes. Our brand is known and loved around the world, and our iconic products are a big part of American culture. The chain was known as Tote'm Stores until it was renamed in 1946. 7-Eleven does have a franchise model, but it’s not currently offering it in the UK. This simple idea is the reason we’re the marketplace leader. How Do You Buy a Dunkin' Donuts Franchise? Hurry and apply now - this store will franchise fast! 7-Eleven is the world's #1 convenience store, and a top-five franchisor. Please help us understand whether you meet the criteria required to become a 7-Eleven franchisee by answering yes or no to these few questions. Fill out the form below and a 7‑Eleven representative will contact you shortly. We’re always looking for ambitious, hardworking people with retail, management or foodservice experience. 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