The 7 Eleven franchise agreement is a comprehensive document that outlines the terms and conditions of the franchise relationship between 7 Eleven Inc. and its franchisees. With over 9,800 stores in the US and 17 countries worldwide, 7 Eleven is one of the largest convenience store chains in the world. Here are some of the key aspects of the 7 Eleven franchise agreement that potential franchisees should be aware of:

1. Franchise Term

The initial term of the 7 Eleven franchise agreement is usually 15 years, with the option to renew for an additional 15-year term. However, this can vary depending on the specific agreement.

2. Franchise Fee

The franchise fee for a 7 Eleven store is $10,000. However, this fee may be waived for military veterans who meet certain qualifications.

3. Royalty Fee

Franchisees are required to pay a royalty fee of 52% of gross profits to 7 Eleven. This fee covers expenses such as advertising, rent, and utilities.

4. Store Development

Franchisees are responsible for the cost of building and outfitting their stores, which can range from $100,000 to $1 million depending on the size and location of the store.

5. Training

7 Eleven offers a comprehensive training program for franchisees and their employees. This includes classroom instruction, on-the-job training, and ongoing support from a dedicated franchisee advisor.

6. Marketing

7 Eleven provides franchisees with a variety of marketing tools, including national and local advertising campaigns, social media marketing, and promotional materials.

7. Termination

The franchise agreement can be terminated by either party with proper notice and cause. This can include violations of the franchise agreement, failure to operate the store in accordance with 7 Eleven’s standards, or bankruptcy.

Overall, the 7 Eleven franchise agreement is a significant investment for potential franchisees. But with the backing of a well-established brand, comprehensive training and support, and a proven business model, it can also be a highly lucrative opportunity for entrepreneurs looking to enter the convenience store market. As with any franchise agreement, it’s important to thoroughly review and understand the terms and obligations before signing on the dotted line.