7-eleven is one of the largest convenience store worldwide. It is started out as an ice house in Dallas, Texas in 1927 and it has grown into the word’s largest operator, franchisor and licensor of convenience store in the world. It continues to grow, with an average of 7 stores opening somewhere in the world everyday.
A candidate for franchising 7-eleven should possess qualification such as self-driven entrepreneur, service oriented, hardworking, strong entrepreneurial skills, financially capable to fund the investment and knows how to motivate his staff.
The investment for franchising 7-Eleven ranges from Php 1 M to 5 M. It includes the operational rights of the store, equipment and facilities, furniture and fixtures, air-con system, signage and initial inventory. The ideal floor area for 7-eleven store is 120 square meters.
Franchising 7-eleven is very costly but they assure you that you will make income from your investment. Benefits includes: They will give full training, offer s 24 hours support, take care of the payroll, help the bookkeeping, deal with supplier to best products, manage the fuel, and provide advertisement and promotional support. The store manpower salaries and benefits will be provided by the franchisee. Also, the franchisee is required to complete a 4 week full time training program which is combined classroom and in-store training.
The steps for franchising 7-eleven are the following:
- Complete the online inquiry form
- Complete information request
- First interview
- Complete self-assessment questionnaire
- Store selection
- Second interview
- Make a business plan
- In store assessment
- Approval meeting
- Commence your training
- Store agreement