| Formerly | Southland Ice Company (1927 only) Tote'm Stores (1928-1946) Southland Corporation (1961-1999) |
|---|---|
| Founder | Joe C. Thompson |
| Headquarters | Dallas, Texas , U.S. |
| Number of locations | 78,029 (2021) |
| Key people | Joseph DePinto (CEO & President) Stanley Reynolds (EVP & CFO) Marissa Jarratt (CMO) |
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-Eleven franchises are there?
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.
How much does a 7/11 franchise owner make?
Salary Details for a Franchise Owner at 7-Eleven The estimated base pay is $81,982 per year. The estimated additional pay is $58,226 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 does a 7/11 cost to franchise?
Your initial investment includes three major components: An initial franchise fee of $25,000. An inventory down payment between $20,000 and $40,000, plus an initial cash register fund.
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 much does a 7/11 make a year?
The average 7-Eleven salary ranges from approximately $20,491 per year for Programmer Analyst to $155,722 per year for Principal Project Manager. Average 7-Eleven hourly pay ranges from approximately $9.46 per hour for Kitchen Team Member to $24.00 per hour for Service Technician.
How much can a franchise owner make?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
How much money can you make owning a convenience store?
The average convenience store gross profit margin sits around $450,000. Keep in mind that this is just one location. Eventually, you'll want to expand to multiple locations to maximize profits. Here are four ideas to help your c-store thrive in 2022.
How much can a franchise owner make?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
How much money can you make owning a convenience store?
The average convenience store gross profit margin sits around $450,000. Keep in mind that this is just one location. Eventually, you'll want to expand to multiple locations to maximize profits. Here are four ideas to help your c-store thrive in 2022.
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.
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:
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 7-11 stores will be there in 2020?
As of January 2020, there were over 70,200 7-Eleven convenience stores in operation around the world. 20,988 of these stores were located in Japan, making it the country with the most 7-Eleven stores globally.
When was 7-11 opened?
7-Eleven. The first chain convenience store in the U.S. was opened in Dallas, Texas in 1927 . The chain was formerly known as Tote’m Stores and eventually came to be known as 7-Eleven in 1946. Today, they operate convenience stores around the world.
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 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.
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 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.
Overview
7-Eleven, Inc., styled as 7 ELEVEn, is an American multinational chain of retail convenience stores, headquartered in Dallas, Texas. The chain was founded in 1927 as an ice house storefront in Dallas. It was named Tote'm Stores between 1928 and 1946. 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 …
Etymologies
The company's first outlets were in Dallas, named "Tote'm Stores" because customers "toted" away their purchases. Some stores featured "native" totem poles in front of the store. 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 compa…
History
In 1927, Southland Ice Company employee John Jefferson Green began selling ice, then he started selling eggs, milk, and bread from one of 16 ice house storefronts in Dallas, with permission from one of Southland's founding directors, Joe C. Thompson Sr. Although small grocery stores and general merchandisers were available, Thompson theorized that selling products such as bread and milk in convenience stores would reduce the need for customers to …
Products and services
7-Eleven in the United States sells Slurpee drinks, a partially frozen soft drink introduced in 1965 (Oklahoma's stores were known as Icy Drink until 2020 ), and Big Gulp beverages, introduced in 1976. Other products include: 7-Select private-brand products, coffee, fresh-made daily sandwiches, fresh fruit, salads, bakery items, hot and prepared foods, gasoline, dairy products, carbonated beverages and energy drinks, juices, donuts, financial services, and product delivery …
Global operations
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.
See also
• List of convenience stores
• List of companies in Dallas
External links
• Official website
• Historic Documentation