7-Eleven Inc.

7-Eleven Inc.

Convenience stores
Find out what franchise is right for you
2021 Franchise 500 Rank
#9 Ranked #11 last year
See the Full List
Initial investment
$70K - $1.2M
Units as of 2020
68,944 11.0% over 3 years

Company Overview

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.

About 7-Eleven Inc.

Industry
Retail
Related Categories
Convenience Stores
Founded
1927
Parent Company
7-Eleven Inc.
Leadership
Joseph DePinto, President & CEO

Franchising Overview

Franchising Since
1964 (57 years)
# of employees at HQ
2,122
Where seeking

This company is seeking new franchisees in the following US states: Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Hawaii, Illinois, Indiana, Kansas, Massachusetts, Maryland, Maine, Michigan, Missouri, North Carolina, New Hampshire, New Jersey, Nevada, New York, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia

This company is seeking new franchisees in the following international regions: Asia, Australia/New Zealand, Middle East, Europe (Western), Mexico

# of Units
68,944 (as of 2020)

Franchisor Information

Corporate Address
P.O. Box 711
Dallas, TX 75221-0711

Information for Franchisees

Here’s what you need to know if you’re interested in opening a 7-Eleven Inc. franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$0 - $1,000,000
Initial Investment
$69,650 - $1,185,400
Cash Requirement
$50,000 - $250,000
Veteran Incentives
10-20% off franchise fee, up to $50,000; preferred interest rates and special financing
Royalty Fee
Varies
Ad Royalty Fee
1%
Term of Agreement
15 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing
7-Eleven Inc. offers in-house financing to cover the following: equipment, inventory, accounts receivable
Third Party Financing
7-Eleven Inc. has relationships with third-party sources which offer financing to cover the following: equipment, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
240 hours
Classroom Training
24 hours
Additional Training
At local training centers
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
National Media
Regional Advertising
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
7
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where 7-Eleven Inc. landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where 7-Eleven Inc. ranked on other franchise lists? Find out below.

Ranked #9

Franchise 500 Ranking

Ranked #146

Fastest-Growing Franchises

Ranked #4

Top Global Franchises

Ranked #35

Top Franchises for Veterans

Ranked #6

Fastest-Growing Franchises (U.S. & Canada)

Ranked #2

Top Franchises for Less Than $150,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021