fbpx

Exciting news! Smart Franchising with Fransmart, hosted by Dan Rowe, launches April 2nd – subscribe now for updates and exclusive content!

Why Franchise with Us

You may ask yourself, “Why should I franchise with Fransmart?” We give you the tools, the tactics, and a strong portfolio of brands when making your franchise investment.

How to Buy a Franchise

Fransmart’s proven 10 Steps to Franchise Ownership is the perfect how to guide for entrepreneurs looking to build wealth through franchising.

Franchise Investor Case Studies

Fransmart has decades of experience in pairing experienced franchisees and qualified entrepreneurs with successful franchise brands.

Coming soon

Become a Franchise Owner

Our portfolio of brands with leading concepts ripe for expansion and best-in-class unit economics.

Franchise Your Business

We are the global leader in franchise development and grow global brands better than any other franchise firm. Learn how to become one of our brands.

Capital Investments

We love investing in early stage brands! We are smart, strategic investors and are always looking for emerging, early stage brands to invest in.

Franchisee Resources

Want To Learn More About Franchising? Learn From The Experts At Fransmart. There’s no better collection of franchise resources and experts.

Apply to Franchise Your Business

We help our brands develop practical franchise development expansion plans with measurable results.

See All Franchise Opportunities

Our portfolio of brands with leading concepts ripe for expansion. Our brands have best-in-class unit economics and a large runway for growth.

About Us

We are proud to work with authentic brands who make people happy. We accelerate the growth of the brands that put smiles on people’s faces.

Services

With decades of franchising experience, our team of franchising experts excels at giving emerging brands the tools to become a profitable franchise.

Contact

Whether you’re playing the field or already have one of our brands in mind, we are ready to put you on the right path to building franchise wealth.

Franchisee Resources

Want To Learn More About Franchising? Learn From The Experts At Fransmart. There’s no better collection of franchise resources and experts.

Videos

Smart Franchising with Fransmart Video series, where you can get the latest in our thought leadership on all franchise-related topics.

Podcast

Dan Rowe, the founder and CEO of Fransmart, has grown brands to more than 100 locations. No one knows more about franchise growth than him.

See All Franchise Opportunities

Our portfolio of brands with leading concepts ripe for expansion. Our brands have best-in-class unit economics and a large runway for growth.

Comprehensive Guide to Buying a 7-Eleven franchise

Mar 28, 2022

7-Eleven storefront and the words comprehensive guide to buying a 7-eleven franchise

About 7-Eleven

Americans like quickness and convenience. Stores like Arco, Circle K, and 7‑Eleven help cater to fast and easy.

To start a business in the US, entrepreneurs look for the most profitable business opportunities. Fortunately, there are profitable franchises opportunities to tap in.

No matter where you are in the United States, there is a high probability that you have seen a 7-Eleven convenience store. This American multinational chain has satisfied franchise owners for more than 73 years with its sustainable, profitable, and growing business model.

Fransmart is the leading source of updated and detailed information on franchising. We provide potential franchisees with the most up-to-date information on franchising, how to start a franchise, franchise fees, and much more. This post is a complete guide about buying a 7-Eleven franchise taken from their FDD (franchise disclosure document).

Highlights

  • More than 70,000 locations worldwide, with more than 9,000 operating in North America. 8,000 are franchisee-owned and operated.
  • With over $41 billion in market cap, 7-Eleven has remained one of the top convenience stores in the country.
  • 7‑Eleven is a pioneer in innovation. They were the first to offer to-go coffee cups, self-serve soda fountains, 24/7 operations, etc.
  • Some of its most popular menu items: are the BrainFreeze drink, the SLURPEE®, BIG GULP®, and now, the BIG BITE®.
  • Depending on the model and location, an average 7-Eleven store can range from $500,000 to $1,000,000.

The 7-Eleven company has come a long way from just being a convenience store. When The Great 7-Eleven Takeover happened nine years ago, the company was completely different. Before Seven & I Holdings acquired 7-Eleven, it was symbiotic with its franchisees. However, new management and training encouraged the staff to implement an aggressive growth machine that put profits before franchising.

It’s no surprise that while low-cost franchises are available for sale, 7-Eleven is still seen as one of the best investment opportunities with good ROI in the United States.

Types of Franchising Opportunities offered by 7-Eleven

Comprehensive Guide to Buying a 7-Eleven franchise

Various types of single-unit and multiple-unit franchising opportunities are available with 7-Eleven. The three options are as follows:

  1. Traditional Franchises: With this business model, companies purchase the equipment land and buy a store.
  2. Business Conversion Program: These are franchises for people looking to convert a gas station, liquor store, or small convenience store into a 7-Eleven property.
  3. Non-Traditional Stores: These franchises are for those who wish to open their franchise in non-traditional locations, such as an airport terminal or rail station.

Available Franchise Locations For 2022

Finding the right location for your franchise is one of the significant decisions.7‑Eleven has 8,600 stores across the U.S., so there are more than likely one available in your neighborhood. Click here to find it. However, with so many stores throughout the country, it will be hard for a new franchisee to find a great territory and create great wealth with the brand.

Cost of Buying a 7-Eleven franchise

When buying the franchise, you should be aware of different costs and expenses. A 7-Eleven store can vary significantly in price, depending on several factors including location, products sold, and other factors. Depending on the model and location, an average 7-Eleven store can range from $500,000 to $1,000,000.

Let us look at the costs involved in purchasing 7 Eleven:

Name of Fee Low High
Initial Franchise Fee $0 $1,000,000
Training Expenses $0 $9,000
Down Payment for Opening Inventory $20,000 $20,000
Additional Opening Inventory $15,100 $44,500
Cash Register Fund $500 $1,500
Store Supplies $250 $2,500
Licenses and Permits $8,000 $10,000
Real Estate and Equipment Covered in “7-Eleven Charge” (see Other Fees)
Insurance $1,500  $7,500
Grand Opening Fee  $8,000  $8,000
Goodwill Only applicable to incoming franchisees buying a current franchisee’s interest in a franchise.
Additional Funds During First 3 Months $0 $60,000
ESTIMATED TOTAL $53,600 $1,163,000

How Much Can I Earn As 7-Eleven Franchise Owner?

Comprehensive Guide to Buying a 7-Eleven franchise

A franchise owner’s income depends on what you sell. But for a ballpark estimate, about 5% of store sales go to the owner as profit. Though the profits of 7-Eleven franchises are divided equally between the brand and the franchise, now the franchisor takes a more significant cut if franchisees do not renew their contract yearly.

To know if buying the franchise is right for you or not, you need to evaluate various pros and cons of the franchise, corporate, and business model.

How to Buy a 7-Eleven franchise?

There is a simple ten step process involved to buy a 7-Eleven franchise.

With the help of Fransmart as your franchising consultant, you can get help to evaluate if 7-Eleven is right for you, how the franchise works, what fees to expect while starting your own franchising business, and the things to be aware of when signing the franchising agreement.

Advantages and Disadvantages of 7-Eleven

The Advantages of buying a 7-Eleven franchise include:

  • Comprehensive Training
  • Financial Assistance
  • Instant Brand Recognition

Disadvantages of investing in 7-Eleven include:

  • High start-up costs
  • Saturated market
  • No long runway to generating wealth

Alternatives to 7-Eleven

While 7-Eleven has strong brand recognition, it is a mature brand which makes it difficult for new franchisees to generate wealth with the brand. Fransmart, the leading franchise development company for emerging brands can help you evaluate the 7-Eleven opportunity compared to hot new brands like Ike’s, Rise, Taffer’s Tavern, The Halal Guys, Slapfish, PayMore, Brooklyn Dumpling Shop

Contact Fransmart to explore if an emerging brand is a better franchise investment for you than 7-Eleven.

Your Franchise Journey Starts Here

Whether you’re just starting out or already know the right brand for you – you’ve come to the right place. Fransmart helps franchisees use the power of compounded returns to own and operate multiple franchise locations throughout your desired market to grow franchise wealth.