The 7-Eleven Franchise System
The 7-Eleven Franchise System is like no other in the country. It is a proven retail operation with a world-famous trademark, and the average initial cash investment is reasonable. Best of all, 7-Eleven Franchisees receive assistance and support along the way. The 7-Eleven Franchise System is recognized by experts. It was ranked #4 overall and #1 in Category in Entrepreneur Magazine’s “2004 Annual Top 500 Franchises and ranked #2 in Franchise Times Magazine’s 2003 report of the Top Franchises in the United States. For 13 consecutive years 7-Eleven has been listed among Hispanic Magazine’s Hispanic Corporate Top 100 Companies that provides the most opportunities to Hispanics. Ranked # 2 in Convenience Store News’ Top 200 Franchise Chains for 2003 and took top honors for the third year in a row in Convenience Store News’ Category Captain’s Award.
How the System Works:
– 7-Eleven, Inc.® buys or leases the land on which the 7-Eleven store sits. When the company develops the site, the investment can range from $1 million to $2 million per store, depending on land costs and whether the store will sell gasoline. 7-Eleven also buys the store equipment and pays the utilities. The Franchisee leases or subleases a fully equipped 7-Eleven store.
– The 7-Eleven Franchisee is responsible for ordering, buying and maintaining inventory; hiring and training employees, as well as payroll, cash variation, supplies, certain repairs, maintenance and other controllable in-store expenses.
– 7-Eleven maintains an “open account” for each Franchisee. This “revolving” account is credited with each day’s receipts and debited with store purchases, operating expenses and other activities, and it includes the outstanding balance of any loans that 7-Eleven has made to the Franchisee.