7-eleven franchise business model of providing convenience


Franchise Business Model of 7-Eleven



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7-Eleven Franchise Business Model of Providing Convenience
Franchise Business Model of 7-Eleven
The 7-Eleven business model relies on the Modernization and Revitalization of existing small and medium-sized stores with the roots of Co-existence and Co-prosperity. There are 3 different ways through which 7-Eleven has built its franchise business model.
1. Traditional – For aggressive business growth, leveraging the scale of the business, and streamlining the processes, a tailored model is designed where they lease the store, land, and equipment to the franchisee owner and provide training and support.
2. Business Conversion Program – Existing properties like gas stations, small grocery stores, or even currently vacant sites are developed into new 7-Eleven convenience stores.
3. Non-traditional – This facilitates building stores within captive audience venues like airport terminals, transportation hubs, malls, hotels, and more. A team of architects, interior designers, and merchandisers customizes each store with the brand.
Cost Structure of Franchise business model of 7-Eleven
As per the entrepreneur website, the total amount necessary to begin the operation of the franchise is around $1.3 Mn. The upfront investment costs for the franchise may vary depending upon stores and locations but generally includes:
7-Eleven Pays for: Property & Building Rent or Acquisition Cost, Equipment Purchase, Cost or Rent expenses, Real property Taxes, Selected Utilities, Building Maintenance, Equipment Replacement Cost, Advertising Cost, Initial training material on store operations, Book-keeping & back-office support, Inventory Audits, Product Development & Merchandising Assistance, Ongoing Business Advisory Assistance.
Franchise Pays for: Initial Franchisee Fees, Training Expenses, Down Payment on stores’ opening inventory, Stores Supplies and miscellaneous store expenses, Business Licenses & State Permits, Cash Register fund, Grand Opening Fee, Insurance Cost, Payroll processing expenses and taxes for employees, Cash & inventory shortage, National advertising fees, and local store advertising expenses, Interest, tax, and all other operating expenses.
Consistently ranked as top 5 franchisors, a variety of services are available to their franchisees like ongoing corporate support, world-class training, turnkey business modeling, and special financing programs, making them the world’s most recognizable brand.

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