7-Eleven is the largest convenience store brand in the US and the world. They offer a wide range of products with an emphasis on hot food, snacks and drinks. To open a 7-Eleven franchise, you would need an investment of between $69,650 and $1.23 million, according to Franchise Help.
Also, the initial cost of the franchise varies from $50,000 to $1 million, depending on the size of the store. This is the amount that is paid directly to the company to become a franchise owner.
The initial cost of the franchise is only a part of the total expenses and does not include costs such as construction of the location, materials and marketing expenses.
You will also be asked for a down payment for inventory, supplies, business licenses, permits, and store bonds, which will be approximately $29,000. Remember that 7-Eleven offers financing for some of these costs, according to its official site.
Likewise, they ask you to have a liquid capital of $50,000 dollars. This is the cash, as well as stocks, bonds, and other assets, that you can use to finance the project.
When you buy a 7-Eleven franchise, you get a fully stocked store. The company assumes the cost of the land, construction and equipment of the branch. For the construction, the company invests between $1 million and $2 million dollars.
In addition, 7-Eleven pays for water, sewer, gas and electricity services and provides financing for the store’s operating expenses. It also provides bookkeeping, bill payment and payroll services for each of the stores.
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