Nov 21, 2018
Starting a franchise can be a smart investment for those who have the financial resources or have already received approval for a franchise loan. However, there’s much more to operating a franchise than what’s presented in the beginning. In multiple franchises, there are ongoing costs and franchise fees that occur and must be paid before the Franchisee can begin to see any returns.
Some Franchisees aren’t always aware of the additional financing costs related to purchasing a franchise. The initial investment includes a one-time initial franchise fee based on the store’s gross profit (the range of this fee is from $100,000 to $1,000,000 — however, the actual fees depend on the store you select, a down payment on the store’s inventory, supplies, business licenses, permits, bonds, and initial cash register funds.
In the case of our single store and multi-unit traditional franchise programs, 7-Eleven obtains and bears the ongoing cost of the land, building and store equipment. Additionally, 7-Eleven provides a tried-and-true, time-tested business model so franchise owners can begin operating their store as soon as they complete our franchise training program.
Because our Business Conversion Program Franchisees retain control of their land and building, they are responsible for some of their own land and building improvement costs during the conversion process, but they benefit from 7-Eleven’s development team in the streamlined conversion of their store.
Click one of the links below to find a store near you, or to register for a webinar or seminar. Our webinars are free and available throughout the week, and we probably have an upcoming seminar in your area: