How to Sell a Franchise Back to the Franchisor
Baby Store Business Plan
How to Become the Owner of a Seven Eleven Franchise
by Diane Dilov-Schultheis
How Much Revenue Do Consignment Stores Make?
Can You Own a Franchise if You Have a Felony on Your Record?
How to Own a Gym Franchise
How to Buy a Franchise: Business Plan & Marketing
The first 7-Eleven opened in 1927 in Dallas as an icehouse. This company has grown and evolved into the world's largest operator, franchiser and licensor of convenience stores, according to the 7-Eleven website. The first 7-Eleven franchise was offered in 1964. The company has stores in more than half of the country and offers a streamlined program to become a 7-Eleven franchise owner. It takes only from 60 to 120 days from start to finish to complete the 7-Eleven franchise process.
Submit your application at the 7-Eleven Franchise Program website. Click on "Apply Now" and answer four requirement questions to access the application form. This includes an age requirement of 21 or older, ability to prove permanent residency in the United States, prior experience in retail management and/or customer service, and a credit score of 700 or above. Answer the questions, click "Submit" and complete the application. Your application is reviewed, and those who meet the requirements will be contacted.
Interview with a franchise sales manager who details the 7-Eleven program and the Federal Disclosure Document. This document contains 23 categories that the franchiser must provide to the prospective franchisee.
Take and pass qualification tests, including the Franchise Disclosure Test and the Franchise Assessment Test.
Visit available stores in your area and select one. The company grows its store base through building new stores, converting independent convenience-style stores and purchasing smaller regional chain stores.
Create a business plan and budget for your store. Assistance from a business consultant is provided from 7-Eleven for this step and throughout the entire process. Complete a final interview with the 7-Eleven manager in your area.
Sign the Store Franchise Agreement. Apply and pay for any required permits, bonds and licenses. Pay a one-time franchise fee ranging, as of publication, from $50,000 to $350,000. This fee is based on the store's gross profit and varies dependent on location. Stores with gas pumps must pay a one-time gasoline fee ranging from $10,000 to $40,000. Additional costs prior to opening include a down payment on the store's inventory and cash register funds.
Attend and complete training provided by 7-Eleven. Hire and train employees.
7-Eleven Franchise Program: Our History
7-Eleven Franchise Program: Franchise Locations
7-Eleven Franchise Program: Step-By-Step Timeline
Franchise.com: Basics — The Franchise Disclosure Document (FDD)
7-Eleven Franchise Program: Frequently Asked Questions
7-Eleven Franchise Program: Franchise Support
7-Eleven Franchise Program
Franchising.com: 7-Eleven Franchise Opportunity
Jupiterimages/Brand X Pictures/Getty Images
Do You Need a Seller's Permit for a Sole Proprietorship?
How to Add a Store Theme to eBay
How to Raise Money for a Franchise
How to Apply for a Mall Kiosk Business