New 7-Eleven franchisees say that owning a proven, successful business while receiving support and training from the world’s largest convenience retailer make for a rewarding business venture even in a challenging economy.
Because Florida is one of the last states where 7-Eleven, Inc. is converting its company-operated stores to franchises, some new owners have moved to the Sunshine State to take advantage of what they see as a rare opportunity to be their own bosses. Many local residents also have jumped at the chance to become part of one of the world’s most recognized brands.
7-Eleven has been converting about 8 to 10 company-operated stores to franchises each month in Florida. The company recently franchised its 100th store in the state. There are currently some 460 7-Eleven stores still available for franchising in the Tampa/St. Petersburg, Orlando, Daytona/Melbourne, Ft. Myers/Naples and South Florida areas. 7-Eleven began franchising its previously company-owned stores in late 2007 in the Miami area and franchising other parts of Florida the following May.
7-Eleven provides the land, building, equipment and a turn-key operation for its franchises. The average up-front, total investment for a 7-Eleven franchise is between $175,000 and $250,000, although the cost may vary by store and region.
