#3
At a Glance
Products & Services: Convenience store
Number of Locations: 40,068
Total Investment: $30.8K - 611.1K
Founded: 1927
Began Franchising: 1964
Private Owned
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 |
| 2011 | 6,723 | 0 | 32,880 | 465 |
| 2010 | 6,515 | 0 | 30,524 | 457 |
| 2009 | 6,378 | 0 | 28,763 | 462 |
| 2008 | 5,622 | 0 | 27,079 | 1,117 |
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Arizona, California, Colorado, Connecticut, Delaware, Florida, Idaho, Illinois, Indiana, Kansas, Massachusetts, Maryland, Maine, Michigan, Missouri, Midwest, Northeast, New Hampshire, New Jersey, Nevada, New York, Ohio, Pennsylvania, Rhode Island, Southeast, Southwest, Texas, Utah, Virginia, West, Washington.
Arizona, California, Colorado, Connecticut, Delaware, Florida, Idaho, Illinois, Indiana, Kansas, Massachusetts, Maryland, Maine, Michigan, Missouri, Midwest, Northeast, New Hampshire, New Jersey, Nevada, New York, Ohio, Pennsylvania, Rhode Island, Southeast, Southwest, Texas, Utah, Virginia, West, Washington.
Startup Costs, Ongoing Fees and Financing
Total Investment: $30,800 - $611,100
Franchise Fee: $10,000 - $441,400
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 15 years, renewable
Franchise Fee: $10,000 - $441,400
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 15 years, 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 |
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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