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Franchises - 7-Eleven, Inc.

Number of Customer Reviews for 7-Eleven, Inc.: 0

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OnlyCritiques.com Review:


7-Eleven, Inc. is in the business of land trading for stores set up. In the beginning, the investment ranges from US$1 million to US$2 million per store. It also acquire hoard equipments pay the utilities. 

The company’s earlier name was The Southland Corporation that was changed to 7-Eleven, Inc in 1999. It has the largest number of retail stores that is 21,000 only in and 16 in other countries giving US$27 billion sales. It is famous in abroad for fast-food and beverages. With food items, it also exceeds in other services like automated money orders, copiers, fax and automatic teller machines, long-distance phone cards and lottery tickets, where available.

7-Eleven, Inc. franchise works for arranging, dealing and preserving stock; hiring and guiding staff, as well as payroll, cash distinction, supplies, certain maintenance, protection and other handy in-store expenses. This company has open account for every franchise.

7-Eleven, Inc offer six weeks training program to its franchise. They send field consultant every week to advocate their franchises about each aspect of business. 7-Eleven, Inc uphold all report for the Franchisee's individual store, including profit-and-loss statements, balance sheets, etc. It also offers all forms of advertising tools to them for print and electronic medium.

A President's Leadership Council provide platform to the franchises to raise their voice for national interest. Company also grants a proper computer system, employee payroll information, which provides up-to-date store information system.

In return, franchise has to pay the company approximately US$70,000 to US$ 89,000 depends on store gross yield. It has to disburse the amount equivalent to the price of primary inventory, supplies, business licenses, permits, bonds and cash register fund. This company also acts as proprietor, financer, and business mentor and testimony keeper to her Franchisee.

Apart from leading in its services now this company’s goals are to concentrate on sourcing and acquire actions, Lower total cost of goods, regulate US$7 billion annual spend, revise financial system and reduce customizations, control costs and avoid over expenditure.


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