General

Industry

Retail Products and Services

Category

Convenience Store

SBA Identifier

S5037

Year of Founding

1961

Fees

Marketing Fee

NA

Royalty Fee

NA

Franchise Fee

$0-$50,000

Investment Range

$42K-$143K

Location units

Total U.S. Locations

24

U.S. Franchised Units

23

U.S. Corporate Units

1

Headquarters (City)

Irving

Other

Item 19 - Franchise Financials

Financing Availability

-

Started Offering Franchises

2017

Issuance of FDD Data

07/19/2019

What to know about 7-Eleven Micro Market franchise?

The franchisee will operate a "7-Eleven" Micro Market, which is an unmanned convenient stand-alone retail space, or an unmanned retail space within a high rise and/or employer operated building, hospital, university or hotel. The Micro Market will operate within limited square footage and will sell a broad array of products, including many not traditionally available in convenience stores, to meet the changing needs of our guests, such as an assortment of high-quality fresh food, hot food and proprietary beverage offerings, and private brand items. "7-Eleven" Micro Markets generally operate 24 hours a day, every day of the year (except, at the franchisee's option, Christmas Day).

7-Eleven Micro Market is based in Irving, TX. Scroll down to learn more!

How much does a 7-Eleven Micro Market franchise cost?

Are you wondering how much is a 7-Eleven Micro Market franchise? Before starting a 7-Eleven Micro Market franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a 7-Eleven Micro Market franchise is $42,300 and can go all the way up to $143,100. Keep in mind, you should also allocate additional funds to live off of while the 7-Eleven Micro Market business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 7-Eleven Micro Market franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a 7-Eleven Micro Market business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your 7-Eleven Micro Market franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 1 4 1 4
2017 4 3 0 7
2018 7 17 1 23

Additional Details

How much does a 7-Eleven Micro Market franchise owner make?

7-Eleven Micro Market franchise earnings and revenue can vary significantly from one franchisee to another.
The 7-Eleven Micro Market franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

7-Eleven Micro Market unfortunately does not disclose financials on how much 7-Eleven Micro Market franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, 7-Eleven Micro Market does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with 7-Eleven Micro Market franchisees. Do note that 7-Eleven Micro Market is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 7-Eleven Micro Market franchisees to understand how much money they are making from their 7-Eleven Micro Market business.

You should also speak to former 7-Eleven Micro Market franchisees to understand why they left the system. Did they sell their 7-Eleven Micro Market at a profit? Were they forced to close their 7-Eleven Micro Market franchise down because it kept losing money?

What is the 7-Eleven Micro Market franchise fee?

Owning a 7-Eleven Micro Market franchise requires a variable royalty fee and a variable marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the 7-Eleven Micro Market Franchise Disclosure Document

Keep in mind, there is also an initial 7-Eleven Micro Market franchise fee of $0 that is included in the initial investment amount of $42,300 to $143,100. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the 7-Eleven Micro Market franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the 7-Eleven Micro Market franchise fee of $0.

Visit the 7-Eleven Micro Market metrics tab to explore the financials for this business, royalty and marketing fees compare to other Retail Products and Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was 7-Eleven Micro Market founded?

7-Eleven Micro Market started offering franchises in 2017. 7-Eleven Micro Market was founded 61 years ago in 1961.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many 7-Eleven Micro Market locations are in the U.S.?

As of 2019, there were 23 locations across the U.S. There are also 1 corporate locations. Most Retail Products and Services franchises like 7-Eleven Micro Market have more franchised locations than corporate locations.

How many 7-Eleven Micro Market franchises opened over the past few years?

Over the prior 3 years we have data for, 7-Eleven Micro Market has opened 24 outlets throughout the U.S. Visit the 7-Eleven Micro Market metrics tab to explore how the openings compare to other Retail Products and Services franchises.

How many 7-Eleven Micro Market franchises closed over the past few years?

Over the prior 3 years we have data for, 7-Eleven Micro Market has closed 2 outlets throughout the U.S

Visit the 7-Eleven Micro Market metrics tab to explore how the openings compare to other Retail Products and Services franchises.

Is 7-Eleven Micro Market growing? Are they opening more locations than they are closing?

The net unit growth rate for 7-Eleven Micro Market over the past 3 years is 2200%. Over the last year we have data for, 7-Eleven Micro Market had a net unit growth rate of 229%.

Without a comparison, this number doesn’t mean much. Compare how the 7-Eleven Micro Market growth rate compares to 2,000+ other franchises and Industry franchises like 7-Eleven Micro Market. More info in the 7-Eleven Micro Market metrics tab.

Is 7-Eleven Micro Market franchise eligible for an SBA Loan?

7-Eleven Micro Market is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

7-Eleven Micro Market franchise was assigned the SBA Franchise ID of S5037 on 04/03/2020. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like 7-Eleven Micro Market that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is 7-Eleven Micro Market a franchise in the United States?

According to the SBA, 7-Eleven Micro Market meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that 7-Eleven Micro Market provides you with an FDD if you are in discussion to buy a 7-Eleven Micro Market.

What is the 7-Eleven Micro Market Franchise for Sale Rate?

The 7-Eleven Micro Market systemwide health and franchisee satisfaction can be measured by the 7-Eleven Micro Marketfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

7-Eleven Micro Market franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, 7-Eleven Micro Market had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the 7-Eleven Micro Market franchise for sale rate compares to 2,000+ other franchises and Industry franchises like 7-Eleven Micro Market. More info in the 7-Eleven Micro Market metrics tab.

What is the 7-Eleven Micro Market Franchise Failure Rate?

7-Eleven Micro Market franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

7-Eleven Micro Market failure rate over the past 3 years is 9%. Over the last year we have data for, 7-Eleven Micro Market had a franchise failure rate of 4%.

Without a comparison, this number doesn’t mean much. Compare how the 7-Eleven Micro Market franchise for sale rate compares to 2,000+ other franchises and Industry franchises like 7-Eleven Micro Market. More info in the 7-Eleven Micro Market metrics tab.

How can I find out more details on 7-Eleven Micro Market franchise?

Visit the 7-Eleven Micro Market metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

7-Eleven Micro Market

$92,700

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

7-Eleven Micro Market

NA

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

7-Eleven Micro Market

$25,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Retail Products and Services

Category

Convenience Store

SBA Identifier

S5037

Year of Founding

1961

Fees

Marketing Fee

NA

Royalty Fee

NA

Franchise Fee

$0-$50,000

Investment Range

$42K-$143K

Location units

Total U.S. Locations

24

U.S. Franchised Units

23

U.S. Corporate Units

1

Headquarters (City)

Irving

Other

Item 19 - Franchise Financials

Financing Availability

-

Started Offering Franchises

2017

Issuance of FDD Data

07/19/2019

Detailed Franchise metrics for 7-Eleven Micro Market

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for 7-Eleven Micro Market below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

7-Eleven Micro Market

0%

2200%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

7-Eleven Micro Market

NA

0%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

7-Eleven Micro Market

NA

9%

Industry median

All franchises median

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Business details

Company Name

http://franchise.7-eleven.com/franchise/local-markets

Business email

**********@******.com

Mailing address

State headquarters

Owner Name

7-Eleven Micro Market

Phone

+1 (000) 0********00

City

Zip code

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