7-Eleven Inc.

Convenience stores

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About

Founded

1927

Franchising Since

1964 (56 Years)

Corporate Address

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

Leadership

Joseph DePinto, CEO

Parent Company

7-Eleven Inc.

Financial Requirements

Initial Investment ⓘ

$47,050 - $1,165,400

Liquid Cash Requirement ⓘ

$50,000 - $250,000

Ongoing Fees

Initial Franchise Fee ⓘ

$1,000,000

Ongoing Royalty Fee

Varies

Ad Royalty Fee

Financing Options

7-Eleven Inc. offers in-house financing to cover the following: franchise fee, equipment, inventory, accounts receivable

7-Eleven Inc. has relationships with third-party sources which offer financing to cover the following:  equipment, payroll

Veteran Incentives

10-20% off franchise fee, up to $50,000; preferred interest rates and 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 hours

Classroom Training:

24 hours

Additional Training:

At local training centers

Number of Employees Required to Run:

7 - 10

7-Eleven Inc. is ranked #11 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 - $47,050 High - $1,165,400

Units

+3.8%+2496 UNITS (1 Year) +16.9%+9920 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Asia, Australia/New Zealand, Middle East, Mexico, Europe (Western)

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: January 17th, 2020

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