7-Eleven Inc.

At a Glance

Products & Services: Convenience store

Number of Locations: 47,298

Total Investment: $30.8K - 1.5M

Founded: 1927

Began Franchising: 1964

About 7-Eleven Inc.

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. That employee, Joe C. Thompson, eventually bought the Southland Ice Company, turned it into the Southland Corporation, and began opening convenience stores. The first stores went by the name Tote'm, since customers "toted" away their purchases, but in 1946, when the stores' hours were extended--from 7 a.m. to 11 p.m.--they got a new name.

Although 7-Eleven stores are now open 24 hours a day, the name stuck. Today, 7-Eleven Inc. has over 30,000 stores across the U.S. and around the world.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2012	7,503	0	39,318	477
2011	6,723	0	32,880	465
2010	6,515	0	30,524	457
2009	6,378	0	28,763	462

Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Indiana, Kansas, Massachusetts, Maryland, Maine, Michigan, Missouri, North Carolina, New Jersey, Nevada, New York, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia.
Franchisor is seeking new units in Asia, Australia/New Zealand, Mexico, Western Europe.

Startup Costs, Ongoing Fees and Financing

Total Investment: $30,800 - $1,500,000
Franchise Fee: $10,000 - $1,000,000
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 10years, renewable

Financial Requirements

Net Worth: $127,000

Operations

Number of employees needed to run franchised unit: 7 - 10. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

Financing Type	In-House	Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: At local training centers : 6 weeks.

Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives

Marketing Support: National media, Regional advertising,

Other marketing support: In-house marketing team