Financial Performance
To be fair, franchisees have made over $15 billion in gross profits in the last decade, according to 7-Eleven. Last year, franchisees earned the highest gross profit in one year in the brand’s history.
The typical 7-Eleven Franchise Owner salary is $36,553. Franchise Owner salaries at 7-Eleven range from $12,784 – $186,079.
To buy a 7-Eleven franchise, you need $50,000 – $150,000 in liquid capital and a minimum net worth of $150,000. Franchisees invest $37,200 – $1,635,200 total.
Unlike most franchises, 7-Eleven shares its gross profits with franchisees instead of requiring royalty payments based on sales.
While expensive, 7-Eleven offers discounts and financing opportunities for franchising. They provide startup needs, fully stock stores, and income replacement if unprofitable.
The 7-Eleven system can mean more profit for franchisees. Backed by a powerful brand, franchisee support, and a royalty system that makes sense, 7-Eleven franchises are a good investment.
Comparing Franchise Opportunities
How much do 711 franchise owners make? In terms of profit, 7-Eleven franchise owners can average $50,000 – $75,000 for their salary. Initial franchise fee for Dunkin Donuts: $40,000 to $90,000. Taco Bell franchise initial fee is between $25,000 and close to $50,000.
On average, franchises make $1.4 million in their average sales per store in a year.
Currently, gas stations and their corresponding convenience stores are some of the most profitable businesses in the United States.
Does 711 sell Parmesan cheese? Slurpee is 7-Eleven’s brand, trademarked and all. The majority of franchise owners earn less than $50,000 per year.
Franchise Investment and Earnings
How much does it cost to own a 711? Franchisees can expect to make a total investment of $37,200 – $1,635,200.
Is 7 11 still profitable? Yes, in terms of profit, 7-Eleven franchise owners can average $50,000 – $75,000 for their salary.
What Does a 7-Eleven Franchise Cost? You’ll need to have at least $50,000 in liquid capital and a minimum net worth of $150,000. Franchise owners in the restaurant industry earn an average of $82,000 per year.
In the US, there are more than 7,300 7 Eleven franchises. As a result, 7-Eleven consistently ranks in the top in rankings of the Top Global Franchises and Franchise 500.
The Bottom Line
To Sum-up! 7-eleven is determined to grow and allow its franchise owners to grow along.
A key element that’s different for the 7-Eleven franchises is that 7-Eleven shares its gross profits with franchisees. This provides an advantage since the overall profit ends up in the franchise owner’s pocket. 7-Eleven also has great incentives for new potential owners, including financial assistance. Their internal financing program can offer up to 65% assistance for the initial franchise fee.