At a Glance
Products & Services: Convenience store
Number of Locations: 47,298
Total Investment: $30.8K - 1.5M
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.
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
Franchise Fee: $10,000 - $1,000,000
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 10years, renewable
Net Worth: $127,000
OperationsNumber 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|
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