7-Eleven

7-Eleven is a chain of convenience stores located both in the U.S. and abroad. Founded in 1927 in Dallas, Texas, the store in its modern form has become known for its slurpees and Big Gulp deals. The chain prides itself on being a place where you can both pick up something you forgot at the grocery store, grab a snack, and fuel up your vehicle. Whether it's a hot or cold beverage, a lotto ticket, or a toothbrush, 7-Eleven builds its brand based on convenience and what community members may need.

There are over 7,300 7-Eleven franchises in the United States. Impressively, that does not even compare to the number of 7-Eleven stores outside of the U.S., where over 59,000 franchisees have opened one. As a result, 7-Eleven is a consistent high-ranker in Entrepreneur’s Franchise 500 and Top Global Franchises lists. These rankings are based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. 

Why You May Want to Start a 7-Eleven Franchise

If you enjoy serving and getting to know your community, a 7-Eleven franchise might suit your business needs. It also could be a great alternative to owning a full-size grocery and all-in-one shop. As a franchisee, you might benefit from 7-Eleven's commitment to the growth of its franchise owners. 

7-Eleven has placed a strong emphasis on training and creating a support system for its franchisees. They most likely know that if a franchisee struggles, it will impact the rest of the stores. 

As a result, they may try to support franchisees the best they can. They may even have a short-term financial support system in place if necessary. With that said, the ideal franchisee is probably one who is business and community-oriented and hardworking.

What Might Make a 7-Eleven Franchise a Good Choice?

Because 7-Eleven can be found almost anywhere in the U.S. and in many locations globally, your store may have increased visibility and customer loyalty. Customers who know 7-Eleven may already be familiar with the company's special features, including Big Gulp.

To be part of the 7-Eleven team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. Additionally, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set liquid capital requirements.

How to Open a 7-Eleven Franchise

As you decide if opening a 7-Eleven is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a 7-Eleven franchise would do well in your community. Some communities may not be zoned for this type of store, so be sure to get an idea of what real estate inventory there is in your area.

Also, consider your location. Are you near a highway exit? What kind of foot traffic will pass by your store? Are you in a rural, suburban, or urban area? Consider the demands of each of these settings. Also, think about your competition—other convenience stores. While competition is healthy, too much of it may not allow for the most possible growth.

If all goes well, you may end up celebrating with a Slurpee or two in your new 7-Eleven franchise.