how many 7-11's are owned by corporate vs franchises

The chain, with its iconic Slurpee and Big Gulp dispensed beverages, operates, franchises or licenses more than 10,000 stores in the United States and Canada. Of the more than 7,800 stores the company operates and franchises in the United States, approximately 6,100 are franchised and 1,700 are corporate-operated.

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What is 7-11 convenience?

What is 7-11 philosophy?

What time does 7-11 open?

Where did Stan work before 7-11?

When was 7 select made?

Does 7-11 have a brain freeze?

Is cross functional learning allowed at 7-11?

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About this website

Are 7-Eleven stores company owned or franchised?

After 70% of the company was acquired by an affiliate Ito-Yokado in 1991, it was reorganized as a wholly owned subsidiary of Seven & I Holdings. 7-Eleven, Inc. U.S. 7-Eleven operates, franchises, and licenses 78,029 stores in 19 countries and territories as of November 2021.

How many of the 7-Eleven stores are franchises?

7-Eleven's store count consists primarily of franchisees, and the company has made it a goal to become a virtually 100% franchise-run chain....Q2 2015 Update.No. of Stores:8278Average Store Size:2,500-4,000 sq. ft.Rank:1Rank Last Year:12 more rows

Are 711 individually owned?

7-Eleven Inc., which began life as an icehouse in 1927, has evolved into the world's largest and most recognizable convenience retailer. The chain, a privately held, wholly owned subsidiary of Seven-Eleven Japan Co. Ltd., is famous for its iconic Slurpee and Big Gulp dispensed beverages.

How much do 711 franchise owners make?

The average salary for a Franchise Owner is $68,201 per year in United States, which is 51% lower than the average 7-Eleven salary of $140,208 per year for this job.

How much does a 711 franchise cost?

Php 600,000.00What is my initial investment? - Franchise Fee amounting to Php 600,000.00 to be paid upon approval of the application.

How much do I need to start 7-Eleven franchise?

It requires only RM250,000 in investment from franchisees willing to operate and manage these stores on a full-time basis.

Who owns 7-Eleven in the US?

In 1999 Southland Corp. renamed itself 7-Eleven, Inc. Continuing to expand, the company opened its 25,000th convenience store in 2003. In November 2005 the company became a wholly owned subsidiary of Seven & i Holdings, a diversified retailer formed only a few months earlier by Ito-Yokado.

Does 7-Eleven have exclusive territory rights?

Territory Granted: The franchise agreement covers a single 7-Eleven store location. Franchisees will not receive any minimum territory. Franchisees will also not receive an exclusive territory.

Who is the owner of 711?

Seven & I Holdings7-Eleven / Parent organizationSeven & i Holdings Co., Ltd. is a Japanese diversified retail group headquartered in Nibancho, Tokyo. Seven & I was founded in 1920 as Ito-Yokado, the Japanese chain of general merchandise and department stores. Wikipedia

What franchise is the most profitable to own?

Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•

How much does a code ninja franchise make?

Code Ninja Franchisor Income Statement (December 31, 2020)RevenueFranchise revenue$ 3,185,554Sales revenue$ 352,023Royalty income$ 1,771,304Royalty income – related party$ 608,29135 more rows•Aug 4, 2022

How much is a Starbucks franchise?

What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.

What type of business is 7-Eleven?

convenience stores7-Eleven, Inc. --known as The Southland Corporation until April 1999--is the world's largest operator, franchisor, and licensor of convenience stores, with more than 18,200 stores in 18 countries, the vast majority of which carry the 7-Eleven banner.

Are all 7-Eleven trademarks and names legally protected?

Further, all names, images, pictures, logos and icons on the Sites and Apps are proprietary marks of 7‑Eleven or by the original creator of the material. The compilation of all content, including the look and feel of the Apps and Sites, is the exclusive property of 7‑Eleven and is protected by U.S. copyright law.

How much does the average 711 make?

Average Sales / Revenue per Year On average, franchises make $1.4 million in their average sales per store in a year.

How much are 711 points worth?

Shop with Points Cash in your points at checkout for a quick discount or redeem in the menu for more offers and savings. Every 1000 points = $1.

7-Eleven - Corporate Executives

HEADQUARTERS. 7- Eleven Corporate Headquarters, 3200 Hackberry Road, Irving, Texas 75063, USA.

Contact Us - 7-Eleven

Maintenance activities at 7‑Eleven Stores are managed by the 7‑Eleven Facilities Department through Vixxo. Contractors and suppliers who wish to be considered for maintenance assignments at 7‑Eleven Stores should submit an application with Vixxo:

Organizational structure of 7 eleven Free Essays | Studymode

1.0 Introduction 7 Eleven or also known as 7-11‚ is part of an international chain of convenience stores.7 Eleven is the world’s largest operator‚ franchisor‚ and licensor of convenience stores with more than 50‚000 outlets. 1.1 Objective and Scope The purpose of this report is to analyze and evaluate 7 Eleven’s marketing strategies and practices to demonstrate that 7 Eleven is ...

7-ELEVEN Revenue, Growth & Competitor Profile - IncFact.com

7-Eleven's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. It is classified as operating in the Convenience Stores industry.

7-Eleven | Jobs, Benefits, Business Model, Founding Story

info: Ryuichi Isaka (“Isaka”) has served as President and Representative Director at 7-Eleven since May 2016. He is the company’s principal decision maker and is responsible for steering the company’s overall strategic direction. Isaka is a long-serving employee of 7-Eleven, its subsidiaries, and its predecessor companies.

How many 7-11 stores are there in Japan?

Of the 71,000 stores around the globe, 21,143 stores (nearly 30% of global stores) are in Japan, with 2,801 stores in Tokyo alone. On September 1, 2005, Seven & I Holdings Co., Ltd., a new holding company, became the parent company of 7-Eleven, Ito-Yokado, and Denny's Japan.

When did 7-11 rebrand?

In 2006, Shell Singapore and 7-Eleven agreed to rebrand all 68 of its Shell Select convenience stores into 7-Eleven. The partnership was terminated in October 2017, and the remaining 52 7-Eleven stores in Shell petrol stations will be gradually rebranded back into Shell Select.

Why is Tote'm called 7-11?

In 1946, the chain's name was changed from "Tote'm" to "7-Eleven" to reflect the company's new, extended hours, 7:00 am to 11:00 pm, seven days per week. In November 1999, the corporate name of the US company was changed from "The Southland Corporation" to "7-Eleven Inc."

What is the 7-11 mascot?

In the early 2000s, 7-Eleven and Dentsu introduced a corporate mascot named Open-Chan (Open 小將), an extraterrestrial dog who wears a rainbow-shaped crown from a fictional planet known as Planet Open to be a "cartoon spokesperson" for the store chain in Taiwan. Open-Chan quickly grew in popularity among Taiwanese children soon after its initial debut. After Open-Chan's subsequent rise to prominence in Taiwan, the character was even introduced in Japan.

Where is 7-11 located?

7-Eleven opened its first store in China in Shenzhen, Guangdong in 1992 and later expanded to Beijing in 2004, Tianjin and Shanghai in 2009, Chengdu in 2011, Qingdao in 2012, Chongqing in 2013, Hangzhou and Ningbo in 2017, Nanjing in 2018, and Wuhan, Xi'an, and Fuzhou in 2019. In China's 7-Eleven stores where Slurpees are offered, the Chinese name 思乐冰 (sīlèbīng) is used. They also offer a wide array of warm food, including traditional items like steamed buns, and stores in Chengdu offer a full variety of onigiri (饭团). Beverages, alcohol, candy, periodicals, and other convenience items are available as well. The majority of these stores are open for 24 hours a day.

When will 7-11 open in Cambodia?

On August 30, 2021 , 7-Eleven and Thailand's CP Group opened the first 7-Eleven store in Phnom Penh ’s Chroy Changvar district. The company hinted at plans to open at least six more stores in Phnom Penh in 2021. According to plans, products from local small- and medium-sized enterprises (SME) sold in 7-Eleven in Cambodia will comprise at least 50 percent of the stock.

When did 7-11 open in Vietnam?

The first 7-Eleven store in Vietnam opened in 2017, making Vietnam the 19th country to host the world's largest convenience store chain. Seven System Vietnam (SSV) is the Master Franchisee of the 7-Eleven convenience store system in Vietnam, based in Ho Chi Minh City.

What is the SBA 7-11?

The SBA (Small Business Administration) also shunned 7-Eleven. For those of you who don't know, the SBA is a government organization that provides support to entrepreneurs and also guarantees loans on most franchises.

What is 7-11 operator model?

Number 1 - 50% or more of the Revenues goes to 7-11. 7-Eleven is an "Operator Model", or what we like to call "buying a job". In the operator model corporate 7-Eleven buys the store, land, building and equipment and then leases it back to you - the franchisee.

How many days a week does 7-11 open?

As a 7-Eleven franchise owner you are legally obligated to keep your store open 24 hours a day, 7 days a week. As 7-Eleven is just about everywhere, do you think the best neighborhoods are available? Keep in mind that every year there are 7000 robberies at gas stations and 15,000 at convenience stores.

What is puppy dog sales?

This tactic is what we call the "Puppy Dog" sales tactic. Once a buyer falls in love with a particular franchise early in the process and has all these positive visions of owning the franchise, it is very difficult later down the process to change their mind even after seeing things like 50% share of revenues. We see this frequently with our own clients where we show negative franchise attributes like massive failure rates or franchisee dissatisfaction yet they hold on to this false idyllic vision that was instilled early in the process. Never let emotions guide you through the franchise process.

Franchise vs Corporate

Franchises and corporate-owned stores both result from the parent company’s success and desire to grow. Expanding via a franchise-based store enables the parent company to duplicate its brand without assuming most financial and management risks. Franchising also provides an additional source of capital.

managing a franchise vs corporate-owned store

Franchises and corporate-owned stores have similarities and differences in how they operate on a daily basis. Consider the following:

1. Day-to-day operations

Whether the store is a franchise or a corporate-owned store operated by a retail manager, the nuts and bolts of the operation are the same. Typical day-to-day retail store operations include sales and customer service. Store inventory and merchandising functions get products on the shelves.

2. Hiring and staffing

Whether you operate a corporate-owned retail store or a retail franchise, XpertHR notes that ideal candidates have a certain desirable combination of attributes. Even if their skill set doesn’t match up, their “soft skills” are an advantage, and they can learn the job logistics.

3. Marketing and sales

Corporate-owned retail stores and franchise stores have two things in common: Both types of stores have coordinated, brand-centric marketing programs that are carefully crafted at corporate headquarters or with an industry-savvy marketing agency.

4. Inventory management and accounting

Besides sales and customer service, every retail store engages in three major functions: product purchasing, inventory management, and store accounting. Employees in corporate-owned stores and franchises take a similar hands-on approach to getting inventory onto store shelves so it’s ready for purchase.

5. Auditing a franchised vs corporate-owned store

Franchises and corporate-owned stores follow a similar audit process. A district or regional manager typically comes in to evaluate certain components and programs using preset criteria, checklists, and guidelines.

How much does it cost to franchise a 7‑Eleven store?

Starting a franchise can be a smart investment for those who have the financial resources or have already received approval for a franchise loan. Some prospective franchise candidate’s aren’t always aware of the additional financing costs related to purchasing a franchise.

What is a franchisee?

Franchisee: The person who is given the right from a franchisor to do business under its brand name. Franchise agreement: The written contract between the franchisor and the Franchisee. Franchisor: The business that grants the Franchisee the right to do business under the franchisor’s brand.

Why convenience stores?

Convenience stores serve nearly every segment of the population — which is why 7‑Eleven continues to thrive, no matter the overall economic climate. In fact, the U.S. convenience industry takes in approximately $650 billion in sales every year. And it’s only getting bigger.

How does franchising work?

Franchising works when an individual or group (the Franchisee) establishes a relationship with a business (the franchisor) to help grow that business and distribute its product. The Franchisee pays a franchise fee to use the franchisor’s business model and leverage its existing brand name, while agreeing to follow the operational terms of a contract, also known as a franchise agreement. With the support of an existing business model and a recognized brand name, the Franchisee typically gets a quicker return on his or her investment.

What is a franchise sales recruiter?

Franchise Sales Recruiter (FSR): The person who works directly with Franchisees and their store operations during the startup period.

What is a BCP in franchising?

Business Conversion Program (BCP): Franchising model where the Franchisee owns the land, building and some equipment. The 7‑Eleven charge is lower for a Business Conversion store than for a Traditional location.

How does a franchise affect the bottom line?

There are many variables affecting a financial bottom line. The good news is your earning potential can be as big as you want to make it. Aside from a stellar work ethic, a few other factors can determine your financial success: 1 The kind of franchise you choose 2 The location of your store 3 Your ability to build strong customer loyalty

What are the differences between franchises and corporate businesses?

From that first successful business, “clone” businesses are opened. Those clone businesses are either owned by the corporation, or by franchisees.

Why did a successful business become a franchise?

Often a successful business became a franchise because going that route allowed the original owner to hang on to capital and raise money for expansion.

What is a chain business?

A chain business is a corporate-owned store. In this case, the parent companies are responsible for operations.

What is a corporate store?

A corporate store is a chain business, company-owned. The original corporation owns and operates the corporate store, controlling and overseeing the day-to-day work. Since the store is company-owned, the corporation handles contracts from suppliers and the hiring of employees.

What is the contract between a franchisee and a franchisor?

The contract between the franchisor and franchisee is very detailed and specific, and typically very lengthy. Although the Small Business Administration is a great source to use for questions about terms in a franchise contract, the best advice is to hire a lawyer who is familiar with franchise contracts and law.

What happens if a franchisee disagrees with a franchisor?

If there’s a disagreement between a franchisor and the franchisee, the dust-up will usually end up in federal court. That’s because federal judges are more familiar with franchise law.

What happens if you are fired from a corporate store?

If someone is a manager or employee at a corporate store, and they violate the terms of their employment , they are fired. Although firings can be the source of a lawsuit, a “wrongful termination” lawsuit is as a rule more straightforward than lawsuits involving franchise operations.

Another example of franchise vs corporate

A franchise called Panda Express, thousands of locations in the United States, only 7% of those locations are owned by franchisees. And the franchisee-operated Panda Expresses are generally operated in airports or military bases. There are some of the benefits to the franchisor when you’re a system that’s mostly franchisee-owned.

Pay attention to the Pros and Cons for each type of location (franchise vs corporate)

There are some benefits for a system that has corporate-owned locations. if the franchisor is owning and operating —say— a restaurant; they feel your pain, they understand. When the supplier is being unruly, the customer complaints, all of what you’re going through as a franchisee. Because they’re doing the same thing for their own location .

We make your research for franchise vs corporate locations easier

You can check, leveraging our database at vettedbiz.com.

How long has accurate franchising been around?

Accurate Franchising Inc. is proud to practice what we preach – we’ve been building, selling, and supporting franchise businesses for over 30 years. ...

What is accurate franchising?

Accurate Franchising consultants provide strategic planning, sales support/training, marketing, operations, legal, financing and real estate assistance – all designed to help business owners grow. To provide the personalized and time-intensive consultation required, Accurate Franchising currently limits the program to five clients at a time.

Is it 100% risk or 100% reward?

It is 100% risk and 100% reward”. In basic terms, if you can afford to continue to self-fund your business growth and assume 100% of the risk, then we think it’s best that you continue to do that. But the truth is, most business owners simply cannot afford to self-fund multiple locations or maintain the infrastructure to grow outside ...

Is franchising a good fit for my business?

After answering these questions honestly, you may find that expanding your business through franchising will be a good fit for your business. Growth through franchising is nearly always more cost-effective and requires less time and energy than adding corporate locations.

How many McDonald's restaurants are owned by franchisees?

All told, a full 82% of McDonald's restaurants are owned by franchisees, not the company itself. That may sound like a lot, but it's actually a smaller percentage than McDonald's would prefer. The company's goal is to have 95% of its restaurants owned and operated by franchisees, leaving only 5% for the company to run. Image source: Getty Images.

What are the different types of McDonald's franchises?

As it illustrates, not all franchises are created equal. They're split instead into three different categories: conventional franchises, development licenses, and foreign affiliates.

Why is McDonald's franchising?

Franchising enables an individual to own a restaurant business and maintain control over staffing, purchasing, marketing and pricing decisions, while also benefiting from the strength of McDonald's global brand, operating system and financial resources. One of the strengths of this model is that the expertise gained from operating company-owned restaurants allows McDonald's to improve the operations and success of all restaurants while innovations from franchisees can be tested and, when viable, efficiently implemented across relevant restaurants.

Does McDonald's invest in real estate?

McDonald's does not invest any capital under a developmental license arrangement.

Does McDonald's own the land?

Under a conventional franchise arrangement, which account for the majority of franchised locations, McDonald's owns the land and building or secures a long-term lease for the restaurant location and the franchisee pays for equipment, signs, seating and décor.

What is 7-11 convenience?

From our humble beginning as the world’s first convenience store, 7‑Eleven continues its pursuit of innovative ways to cater to a new, digital-savvy generation of shoppers. As technology redefines how customers shop, we make sure to remain two steps ahead. At 7‑Eleven, we are customer-obsessed. We always poll customers to ensure we are bringing them solutions that they can’t even imagine. From offering convenient and user-friendly technology that earns our customers free products to having an ice-cold SLURPEE ® drink delivered straight to their door, we are the leader in convenience and we constantly put our customers at the center of design and development.

What is 7-11 philosophy?

7‑Eleven has always been about serving the needs of our customers. This philosophy has also extended to our 7‑Eleven team, which is why our Leadership Principles play such a big part in our organization. To lead, we serve. It’s a big idea and it makes a tremendous difference in the lives of our customers, our Franchisees and our licensees.

What time does 7-11 open?

The name changes from Tote’m Stores to 7-Eleven to reflect the new extended hours – 7am to 11pm, seven days a week.

Where did Stan work before 7-11?

Prior to joining 7‑Eleven, Stan was Vice President in Corporate Banking at NationsBank and previously worked as a Staff Accountant at Ernst & Whinney.

When was 7 select made?

The 7-Select brand was born in 2004.

Does 7-11 have a brain freeze?

We were the first to provide to-go coffee cups, offer a self-serve soda fountain, operate for 24 hours a day, and yes, we even coined the phrase “BrainFreeze ® ” in honor of the world’s favorite frozen drink. Then came the innovation of some of our most popular menu items: the SLURPEE ® drink, the BIG GULP ® and then the BIG BITE ®. Now, we continue our history of innovation and power it through digital initiatives.

Is cross functional learning allowed at 7-11?

Cross-functional learning is not just allowed at 7‑Eleven, it’s applauded. We’ve got the size, stability and resources that make it possible for employees to find rewarding careers. People in all facets of our global organization discover opportunities with room to move around, try on new roles and discover untapped talents. We know that when people love what they do, everyone wins.

Overview

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Etymologies

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