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Buying a Seven Eleven Franchise (2022)

Written by: Patrick Findaro
Last Updated: April 6, 2022
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Seven Eleven Franchise

Top 20 Most Popular Franchises: Seven Eleven

Vetted Biz is the leading platform for accessible and analytical data on franchises and businesses available in the U.S. Our research team has reviewed over 2,900 franchises and knows the key facts and data that signal a successful franchise system. Upon extensive review using several internet research tools, our team was able to compile a shortlist of the “Top 20 Most Popular Franchises in the United States.” In the article below, we review the business model proposed by one of these 20 franchises: Seven Eleven, and the requirements that encompass its franchise application process.

About Seven Eleven Franchise

Seven Eleven Franchise

Seven Eleven began its story in 1927 when Joe C. Thompson began selling milk, bread, and eggs across its stores. Until then were only selling ice blocks. With the growing success of the store’s innovation, Joe Thompson was eventually able to buy Southland Ice Company. Then converted to Southland Corporation – a company focused on opening convenience stores across the state. By 1946, the new store model had increased dramatically across several locations.

This success led the stores to extend their opening hours from 7 am until 11 pm, seven days a week. Hence, the store’s name. Franchising began in 1964 after the Southland Corporation purchased an additional 126 Speedee Mart franchised convenience stores in California.

These have finally been incorporated into the 7-Eleven business model. Today, 7-Eleven currently has more than 9,000 stores across the United States. Also additional units across several continents such as Europe, Asia, and Oceania. 7-Eleven continues to this day, to be headquartered in Dallas, Texas. At the moment, is run by its President and CEO, Joseph DePinto, who is in this position since December 2005.

Investing in a 7-Eleven’s Franchise

When investing in a 7-Eleven’s franchise, the first factor to consider is the financial requirements that accompany this endeavor. The total investment amount required to open a 7-Eleven’s franchise ranges from $47,050 to $1,165,400. This includes the company’s franchise fee that can range from $0 to $1,000,000. It depends on several factors, particularly the location the investor will be pursuing.

Once the store has been built and operations begin, the parent company receive a royalty fee from the franchisees. This varies according to the growth percentage of the store’s Gross Profit for that month. And an additional marketing fee of 1% in return for the franchisor’s marketing services.

Seven Eleven Franchise

The franchisor is particularly looking for candidates who are residents of the United States. They must have previous management or customer service experience and have an excellent credit history. This franchise model is structured in a way where a franchisee receives a fully stocked turnkey store. In addition, the corporate team have been handled the land purchasing and building operations.

Because 7-Eleven offers multi-unit investment opportunities in addition to single-store purchases and business conversions, candidates must have minimum liquid assets ranging from $50,000 to $250,000.

7-Eleven’s Stores Are Growing in Numbers

When evaluating a 7-Eleven’s franchise’s potential for growth one does not need to go beyond their internal numbers to better understand the prospect for success of the investment opportunity at hand. 7-Eleven currently operates more than 7,000 franchised stores in the US and an additional 1,800 plus corporate-owned stores.

Additionally, the annual revenue across all 7-Eleven’s stores in 2019 was $4.20 billion, while the average gross profit from 7-Eleven’s franchised stores in Wisconsin for example, ranged from $217,080 to $435,394 out of which 50%-60% of stores within this group met or exceeded this range. Looking at 7-Eleven’s franchise program performance, although limited data was made available on the financial status of the company’s franchisees, 7-Eleven’s had a total increase of 535 franchise to its system from 2016 to 2017, thus indicating a strong franchise system that continues to attract new applicants. Moving forward, 7-Eleven is looking for candidates willing to run franchised stores across the states of Florida, Illinois, North Carolina, Utah, and Washington, so that it can maintain and up its rank status on Entrepreneur’s Franchise 500 List which was n˚10 in 2019.

Summary

Investing in a 7-Eleven’s franchise is an interesting opportunity, especially for individuals looking to make their way into the retail industry. The prospects for growth and success within the industry and the 7-Eleven’s brand itself are extensive, and several markets continue to be available as 7-Eleven continues its quest to expand across the United States. If you are an individual with previous management experience, excellent credit history, and are willing to invest in an amount ranging from $47,050 to $1,165,400, 7-Eleven’s is the right franchise for you!

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