How to Become the Owner of a Seven Eleven Franchise

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Seven eleven is home to the Slurpee.
Seven eleven is home to the Slurpee. (Image: Charley Gallay/Getty Images Entertainment/Getty Images)

Home of the Slurpee, Seven Eleven began franchising it's US convenience stores in 1964, and is still expanding today in hopes of becoming a 100 percent franchise organization by 2013. There are plenty of opportunities available to become a Seven Eleven franchise owner in the United States. If you meet the company's franchisee profile and requirements, owning a retail outlet could happen within 60 to 120 days.

Verify that you meet the company's franchise owner qualifications. Seven Eleven requires that its franchisee's are 21 years of age or older, a permanent US resident and that they have experience in retail and management. A franchisee must also have excellent credit, exceeding a credit score of 700, and have not have filed for bankruptcy in previous seven years.

Apply to become a franchise owner. Pull up the seven eleven website (7-eleven.com) on an Internet browser. Click on "Franchise". On the next page, click on "Franchise Process". In the resulting list below, choose "Apply Now" and follow the steps to finish your application.

Attend a meeting with a Seven Eleven franchise sales manager. After your application has been reviewed by the corporation and you meet their franchisee qualifications, a representative of Seven Eleven will contact you to set up a meeting. The purpose of this informal meeting will be to go over the Seven Eleven franchise program and their federal disclosure document. It is a federal legal requirement that all franchisors must give and explain their franchise disclosure document to each prospective franchise buyer.

Pass the corporation franchise assessment and disclosure tests. Seven Eleven will administer two written tests to ensure you meet the high standards of owning and operating a franchise. The first test will assess your current management style and skills. The second test will measure how well you understand their federal disclosure document, which was provided to you in the initial meeting.

Write a business plan and budget for your store, outlining your short term and long term goals and plans to execute them. Submit it for approval to your Seven Eleven franchise representative.

Go to a final interview with the sales manager representing your chosen outlet's territory. The franchise sales manager assigned to you will contact you to set up a time to conduct this interview.

Sign the required Seven Eleven corporate contracts that will be provided to you by your franchise sales manager and pay the corporation franchise fees. The amount of the franchise fee will depend on your store location.

Tips & Warnings

  • If you are already an owner of an independent convenience store, you can choose to convert it to a Seven Eleven franchise instead of purchasing a new location.

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