7-Eleven Inc.
Convenience stores
7-Eleven Inc.
Convenience stores
About
Founded
1927
Franchising Since
1964 (54 Years)
Corporate Address
P.O. Box 711
Dallas, TX 75221-0711
CEO
Joseph DePinto
Parent Company
Seven & i Holdings Co., Ltd.
Financial Requirements
Initial Investment ⓘ
$37,550 - $1,149,900
Net-worth Requirement ⓘ
$100,000 - $250,000
Liquid Cash Requirement ⓘ
$50,000 - $150,000
Ongoing Fees
Initial Franchise Fee ⓘ
$10,000 - $1,000,000
Ongoing Royalty Fee
Varies
Ad Royalty Fee
1.5-0.5%
Financing Options
7-Eleven Inc. offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Veteran Incentives
10-20% off franchise fee; special financing
Support Options
Ongoing Support
Newsletter
Meetings/Conventions
Toll-Free Line
Grand Opening
Online Support
Security/Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
National Media
Regional Advertising
Social media
SEO
Website development
Email marketing
Loyalty program/app
On-The-Job Training:
240-320 hours
Classroom Training:
24 hours
Additional Training:
At local training centers
Number of Employees Required to Run:
7 - 10
7-Eleven Inc. is ranked #2 in the Franchise 500!
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. 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.
Cost
Initial Investment: Low - $37,550
High - $1,149,900
Units
+5.7%+3336 UNITS (1 Year)
+17.9%+9445 UNITS (3 Years)
Where Seeking Franchisees:
Franchisor is seeking new franchise units in the following regions/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, Washington, Wisconsin, West Virginia, Midwest, Northeast, South, Southeast, Southwest, West, Asia, Australia/New Zealand, Middle East, Mexico, Philippines, Western Europe
Franchise Articles
5 Steps of the New Model of Revenue Recognition for Franchisors
The new rules around revenue recognition are lengthy and complex. Here's what you need to know.
Here's How You Can Avoid Being a Victim of Franchise Fraud
It is important for prospective franchisees to take adequate steps to protect themselves to avoid being a victim of a fraud
The Top 5 Business Service Franchises From the Franchise 500
Open a franchise and help others with their businesses, too.
These Roommates Changed Their Lives for a Sandwich -- and Built a Franchise Empire
Ashley Morris and Jason Smylie have known each other since they were eight years old. Here's how they maintain a healthy work relationship today.
Want to Buy a Franchise? Here's Your Step By Step Guide
Franchising is one of the safest ways of becoming a business owner
