02 Nov Franchise Business Plan – 7-Eleven
7-Eleven is a subsidiary of Japan-based Seven & i Holdings Co., one of the largest convenience retail chains in the world and the pioneer of the convenience store business model. Based in Dallas, Texas, 7-Eleven manages the franchises and licenses of more than 8,000 stores across the U.S.
According to IBIS World, over the past five years, 7-Eleven’s revenue increased at an annualized rate of 4.8% to $9.3 billion. The company performed strongly by introducing a variety of new store items and expanding its private label offerings to appeal to low-income consumers. In 2018, the company is anticipated to continue experiencing steady growth due to aggressive merger and acquisition activity.
To provide the highest quality Franchise Business Plans, Joorney Business Plan Writers address the key issues, such as:
All 7‑Eleven franchisees, must attend an intensive three-day launch class that introduces the 7‑Eleven brand at the Support Center in Dallas, Texas. The introductory training is followed by six to eight weeks of local College of Operations Leadership (C.O.O.L.) training. The training takes place in an actual store and teaches franchisees about running a business while also providing practical experience. Joorney Business Plans Writers have experience in establishing employee plans and linking the proposed employees’ knowledge, skills, and training to their designated positions.
The initial investment for opening a 7-Eleven Store ranges from $39,750 to $1,152,100 depending on the location and size of a store. Unlike most franchise systems that require franchisees to develop their stores, 7‑Eleven provides fully stocked, turnkey stores. The average start-up period of a 7-Eleven store is only 60 days. The initial expenses generally include the franchise fee, inventory down payment, cash register fund, and costs for supplies, licensing, permits, and bonds. Joorney Business Plans has extensive experience in evaluating the initial investment requirements as well as developing in-depth local market analyses for 7‑Eleven Stores.
7‑Eleven obtains and bears the ongoing cost of the land, building, and store equipment such as bakery cases, Slurpee® barrel dispensers, and ATMs. 7-Eleven also covers the expenses of utilities, rent, and real estate taxes. In addition, 7‑Eleven provides financing for all store-operating expenses, bookkeeping, bill paying, and payroll services for store operations as well as business consulting services. Unlike most of franchisors that charge a percentage of revenue, 7-Eleven shares the store’s gross profit with the franchisee in order to further encourage the store’s profitability. Joorney Business Plans Writers have experience in creating long-term financial projections and providing an accurate view for how successful a 7-Eleven Store can be.
As a 7-Eleven franchisee, you will become a partner of a brand that is known, trusted, and loved around the world. 7-Eleven has been continuously ranked as a top five global franchisor. You will benefit by partnering with a company that cares deeply about your success and offers a gross profit split. With a renowned brand name and the support of an existing business model, as a franchisee you will get a quick and guaranteed return on investment.