7-Eleven started as Southland Ice Company in 1927 in Dallas, selling ice. The company soon expanded its products to include bread, milk, eggs, and more. It became the first store to operate 24/7 and has been ranked #1 in franchising for over 40 years.
The investment to open a 7-Eleven franchise ranges from $47,050 to $1,165,400. Owners generally earn a salary of $50,000 to $75,000 and a profit margin of 5%. Thus, a store with $1,000,000 in sales would generate approximately $50,000 profit.
7-Eleven provides three franchising options, all with training and support:
- Fuel stores average an annual profit of $365,300.
- Non-fuel stores average $339,000.
Cities with higher revenue potential command a higher initial franchise fee. Franchisees benefit from a well-established brand, a proven business system, and over 60 years of experience.
Expect a total investment of $1 – $1.25 million, depending on location. Prospective franchisees should have $50,000 – $150,000 in liquid capital and a minimum net worth of $150,000. It’s recommended to take a franchise quiz before investing to ensure the right fit.
There are over 58,000 7-Eleven stores in 17 countries. The cost to start a franchise ranges from $53,600 to $1,163,000. The franchise fee can go up to $1,000,000.