how many 7 eleven franchises are there

Full Answer

How to open a 7 Eleven franchise?

How to open a 7-Eleven franchise?

• Ensure you have adequate capitalization. In order to open a 7-Eleven franchise, you must have a net worth of more than $100,000.
• Appreciate the investment required for a store franchise. ...
• Evaluate your prior experience and strengths. ...
• Assess market availability. ...
• Submit your application. ...
• Receive approval & opening your 7-Eleven franchise. ...

How much does a 7 11 franchise cost?

While in a Business Conversion Program the franchise is the one responsible for acquiring the land and building for the store site and pays a different royalty fee than that of the traditional franchise. 7-11 franchise cost ranges from $39,750 to $1,122,100.

Is 7 Eleven a private company?

7-Eleven, retailer that operates more than 60,000 convenience stores, mostly in North America and Asia. The typical outlet is small in size and carries a limited stock of food, drinks, and other high-turnover products but stays open long hours. ... In response, the Thompson family took the company private in a leveraged buyout in December 1987 ...

Does 7 Eleven have Citibank ATM?

Trading Markets: 7-Eleven Inc. and Citibank joined forces to offer free ATM services to Citibank customers in 7-Eleven stores across the United States. Citibank customers can now withdraw money and transfer funds between primary checking and savings accounts without a surcharge or foreign fee at Citibank-branded ATMs at 7-Eleven.

How many 7-11 stores are there in Japan?

When did 7-11 rebrand?

Why is Tote'm called 7-11?

What is the 7-11 mascot?

Where is 7-11 located?

When will 7-11 open in Cambodia?

When did 7-11 open in Vietnam?

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How many of the 7-Eleven stores are franchises?

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. Globally, as of late 2013, there are 52,500 7-Eleven stores in 16 countries....Q2 2015 Update.No. of Stores:8278Website:http://www.7-eleven.com4 more rows

How many 711 stores are there in the world?

As of January 2020, there were over 70,200 7-Eleven convenience stores in operation around the world....Number of 7-Eleven stores worldwide as of January 2020, by country.CountryNumber of stores--12 more rows•May 6, 2022

How much do 711 franchise owners make?

The estimated base pay is $82,642 per year. The estimated additional pay is $58,474 per year. Additional pay could include bonus, stock, commission, profit sharing or tips.

Are 7 elevens franchised?

Brand Strength Our brand is known and loved around the world, and 7‑Eleven is consistently ranked as a top-10 franchisor.

How much is 711 worth?

$33.05 BillionMarket cap: $33.05 Billion As of October 2022 7-Eleven has a market cap of $33.05 Billion. This makes 7-Eleven the world's 452th most valuable company by market cap according to our data.

What state has the most 7 Elevens?

CaliforniaHow many 7eleven retail stores are there in the United States? There are 9,513 7eleven retail stores in the United States as of October 17, 2022. The state with the most number of 7eleven locations in the US is California, with 1,901 retail stores, which is about 20% of all 7eleven retail stores in the US.

What franchise makes the most money?

What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.

Is owning a 7 11 profitable?

Is owning a 7-Eleven profitable? In terms of profit, 7-Eleven franchise owners can average $50,000 – $75,000 for their salary. There are some reasons why some 7-Eleven franchises perform better than others that I'll explain below.

What is Starbucks franchise fee?

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 is the cost of McDonald's franchise?

Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.

How much is it to buy a Taco Bell franchise?

Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.

How can I own a Starbucks franchise?

You can't. Starbucks Coffee doesn't franchise. Even though franchising is a classic, successful growth strategy for myriad beloved, familiar brands, Starbucks does not grant franchises. It's not because franchising isn't a time-tested model for growth.

What countries have 7/11 stores?

Global PresenceAsia. Cambodia. China. Hong Kong/Macau. Guangzhou (South China) Taiwan. All Other. Laos. India. Japan. Malaysia. Singapore. South Korea. Philippines. Thailand. Vietnam.Europe. Denmark. Norway. Sweden.Middle East/North Africa. Israel.North America. United States. Hawai'i. Canada. Mexico.Oceania. Australia.

Are there 7/11 in the UK?

In the UK, 7 Eleven came to the country in 1985 and operated there until 1997. It had over 50 stores in the UK and is remembered by many UK residents as having been a part of their retail landscape. In 1997, 7 Eleven was sold to UK brand Budgens and hasn't made a return since.

Is there 711 in Australia?

We're proud to be one of Australia's largest private companies, with more than 700 stores located in neighbourhoods across Victoria, New South Wales, ACT, Queensland and Western Australia. Our business is made up of more than 450 small family-owned businesses.

What was 7/11 originally called?

Southland Ice soon took up general retailing, installing attention-getting Native American totem poles in front of some of its stores and adopting the name Tote'm Stores, which served as a punning invitation to customers to “tote” their purchases away. Joe C. Thompson, Sr., became president of Southland Ice in 1931.

7-Eleven | History & Facts | Britannica

7-Eleven, retailer that operates more than 60,000 convenience stores, mostly in North America and Asia. The typical outlet is small in size and carries a limited stock of food, drinks, and other high-turnover products but stays open long hours. Although a subsidiary of the Tokyo-based Seven & i Holdings, 7-Eleven is headquartered in Dallas.

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.

How many states does 7-11 have?

Based on 2017 FDD data, 7-Eleven has franchise locations in 32 states plus DC. The largest region is the West with 2809 franchise locations.

How many franchise locations do they have?

As of the 2017 Franchise Disclosure Document, there are 7162 franchised 7-Eleven locations in the USA.

What does it mean to find the best franchise?

Finding the best franchise means comparing several brands to determine the ideal fit for you.

When did they begin franchising?

They began franchising in 1964. The average Gas & Convenience franchise began franchising in 1995.

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 does 7-11 pay for?

7‑Eleven pays for the water, sewer, gas and electric utilities.

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 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.

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.

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 is a 7-11 field consultant?

Field Consultant: 7‑Eleven employee whose primary responsibility is to consult with franchise owners regarding their business – growing sales and profits and building an infrastructure to support it.

Why is 7-11 considered a franchise?

A Business System That Stands Apart: 7-Eleven ® is consistently singled out as one of the top franchise opportunities in the country because the company makes such an investment in continuously innovating new structures and services to better serve franchisees. The franchise focus of 7-Eleven is on delivering proactive customer service to our franchisees in every aspect of their business. Through all of its products, services and relationships, 7-Eleven makes life more convenient for their guests, communities, Franchise Stores, and partners.

How much does it cost to buy a 7-11 franchise?

What Does a 7-Eleven Franchise Cost? To buy a franchise with 7-Eleven, you'll need to have $50,000 - $150,000 in liquid capital and a minimum net worth of $150,000. Franchisees can expect to make a total investment of $37,200 - $1,635,200. 7-Eleven charges a franchise fee of $0 - $1,000,000. They also offer financing.

Does 7-11 have military incentives?

7-Eleven knows our U.S. military veterans have the skills it takes to join our leadership ranks. That’s why we offer special military incentives to make franchising with 7-Eleven that much easier. If you’re ready to take the next step in your career, consider these perks to get you started:

When did 7-11 start?

7-Eleven's origins date back to 1927, when an employee of the Southland Ice Company in Dallas, Texas, began selling milk, bread and eggs in addition to the ice blocks. That employee, Joe C. Thompson, eventually bought the Southland Ice Company, turned it into the Southland Corporation, and began opening convenience stores. The first stores went by the name Tote'm, since customers "toted" away their purchases, but in 1946, when the stores' hours were extended--from 7 a.m. to 11 p.m.--they got a new name. Although 7-Eleven stores are now open 24 hours a day, the name stuck.

How long is a franchise agreement?

15 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.

What is royalty fee for franchise?

This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.

What is franchise investment?

Definition: The total amount necessary to begin operation of the franchise. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital.

What is franchising fee?

Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.

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.

Overview

Etymologies

History

Products and services

Global operations

See also

External links