How Much Does a 7-Eleven Franchise Cost? How Much Does a 7-Eleven Franchise Cost? You should have between $100,000 and $150,000 in cash before contacting 7-Eleven about a franchise. 7-Eleven franchise tries to make entry as easy as possible, but if you feel you do not have the capital it takes to invest, click here to contact a franchise consultant who can recommend another great franchise in your specific price range. If you have at least $100,000 to $150,000 in liquid funds and you are ready to forge ahead, read on.
Because 7-Eleven bases the franchise fee entirely on the gross profits of the individual store, the fee can vary significantly, but here are the guidelines. Calculations range between 5% and on up to 30% of the gross profit dollar volume, over a period of any 12 rolling months. Unlike most franchises, there is no net worth requirement, but the total investment will run between $228,000 and $866,000, which is much lower than the $1 to 2 million reported on most franchise websites. 7 Eleven provides 6-weeks of training at a local training center and offers assistance with payroll, inventory, and advertising. Traditionally, 7 Eleven will own or lease the building and all the equipment and then lease it back to the franchisee. 7 Eleven franchise also offers the unique Business Conversion Program opportunity to trademark your existing convenience or liquor store under the 7 Eleven branding. Terms require that your store is at least ½ mile away from other 7 Eleven franchise stores with a minimum of 1400 square feet. To be considered, you have to be at least 21-years of age, have permanent U.S. residency with a solid credit history and some asset liquidity.
If you are new to franchising, we suggest you speak with a franchise consultant about your goals before jumping into any franchise opportunity. Click here to visit our partner web site FranchiseBuyersNetwork.com and fill out the form to have an experienced franchise expert contact you. |