Franchisee Income
Reports suggest the average annual income ranges from $30,000 to $150,000, while franchise owners make $1.4 million in sales yearly. In 2022, 7-Eleven’s company made $2.94 Billion, up 4.82%. The sales franchise owners make differ. Franchise owners can expect to invest $37,200 – $1,635,200. If a franchise isn’t making the minimum, 7-Eleven adjusts the monthly charge. Owners average $50,000 – $75,000 profit.
Salaries for Various Roles
The typical Cashier salary is $11 hourly, ranging $8 – $22. The typical Franchise Owner salary is $36,553, ranging $12,784 – $186,079. Since 7-Eleven pays utilities and supplies, owners lack choice. But they’re guaranteed $339,000 yearly for Non-Fuel stores, $365,300 for Fuel stores.
Franchise Models and Profitability
The franchisor offers three different types of franchise models: A traditional store, a Business Conversion program, and a Micro market Franchise. The Store Agreement provides a guaranteed yearly gross income of $365,300 for Fuel stores, and $399,000 for Non-Fuel stores. Backed by a support system for franchisees and a royalty system, the franchise could be a profitable business.
Investment and Profitability Analysis
Franchise owners in the restaurant industry earn an average of $82,000 per year. An initial franchise fee of $45,000 for McDonald’s franchises, $25,000 for 7-Eleven, with an inventory down payment between $20,000 and $40,000, plus an initial cash register fund. Most franchise systems require royalty payments based on a percentage of base sales.
In the US, there are more than 7,300 7-Eleven franchises, with approximately 59,000 locations opened by franchisees outside of the United States. To franchise with 7‐Eleven, you must meet certain criteria and expect to make a total investment of $37,200 – $1,635,200.
Conclusion
7-eleven is determined to grow and allow its franchise owners to grow along. The overall profit from 7-Eleven’s shared gross profits with franchisees ends up as the franchise owner’s pocket. Additionally, 7-Eleven offers financial assistance with their internal financing program.