7-Eleven is responsible for more 33,700 stores in 18 countries with sales of over $43 billion in 2005. 7-Eleven was the first 24/7 convenience store ever, and has been a convenience retailer for over 80 years, and a leader in the franchise industry for more than 40 years. This Dallas-based mogul is the world’s largest convenience store retailer, but prefers to market itself as a “neighborhood business” in keeping with its roots as the 1927 Southland Ice Company. Blocks of ice lead to milk, bread, and eggs sales after hours by this enterprising group. Supply soon met demand and an industry was born.
Background and Benefits
How Much Does a 7-Eleven Franchise Cost?We don’t know and we didn’t call. The website doesn’t tell you and all we could glean out of two hours of research was “it varies”, so if you’re serious about catching your share of those 6 million people shopping at 7-Eleven daily, pick up the phone and contact this winner. We do know that there is a one-time franchise fee “based on the individual stores gross profit.” There is also a Gasoline fee (if you offer fuel) and the “initial inventory-supplies-permits-bonds, and cash register fund fee”…we know, but don’t be afraid of what they are calling a “reasonable financial investment.” After all, with them paying for everything else, how bad could it be?
What We Like
- Ranking – Ranked No. 1 in its category from 2004 to 2008.
- Name Recognition – The Company will lend its name to your existing store for a nominal fee.
- None – The Varying fees promise to be reasonable and with all the other benefits it just all seems too good to be true.
7 Eleven Franchise Information
Franchising Since: 1964
Start-up Cost: Varies
Total Investment: Varies