My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.


7-Eleven Is Waiving the Franchise Fee on More Than 200 Locations

2 min read

If you're interested in opening a 7-Eleven, now may be a good time to take action.

From Feb. 17 to June 30, 7-Eleven is waiving the franchise fee on 200 stores available for franchise across the U.S., the company announced earlier this week.

The company plans to transition the stores, located in cities including Charlotte, N.C., Dallas/Fort Worth, Manhattan, N.Y. and Jackson, Fla., from corporate to franchise operations. Typically, the available stores have lower sales volume compared to the national average.

Related: Franchisees Take 7-Eleven to Court for Alleged Racial Discrimination

"These locations offer would-be entrepreneurs a chance to go into business for themselves without the expense of the one-time franchise fee," Greg Franks, vice president of franchising systems, said in a statement. "With the Zero Franchise Fee Initiative, we opted to waive the fee on these specific stores to allow the new owner a chance to build his or her customer base and business, while backed by our proprietary systems, processes and ongoing support."

Potential franchisees will still have to meet 7-Elevens standard franchisee qualifications, including being a permanent U.S. resident, having excellent credit and $50,000 in liquid assets. While not paying the franchise fee will save franchisees costs of up to $80,000, franchisees will still be expected to pay for licensing, permits and the initial down-payment on inventory, which the company says costs approximately $30,000 total.

7-Eleven is also in the process of selecting a winner of its first veteran franchise giveaway contest. The winner is expected to be announced in April.  

Related: 7-Eleven Is Giving Away a Franchise for Free

More from Entrepreneur

Learn to be a better leader and develop successful marketing and branding strategies with Dr. Patti Fletcher's help.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur