Is 7-Eleven a good franchise to own?
We don’t know. In fact, we don’t even understand how their unique franchise arrangement works.
So we’re asking 7-Eleven franchisees to explain how the franchise works, and whether they think it’s a good franchise opportunity.
7-Eleven franchise owners, please answer some or all of these questions by leaving a comment or comment below:
- What is the financial arrangement franchisees have with 7-Eleven, Inc. (SEI)?
- What do franchisees pay for? What does SEI pay for?
- What are the advantages of this arrangement?
- What are the disadvantages?
- What are your greatest frustrations with SEI?
- If you had it to do over again, would you become a 7-Eleven franchise owner?
- Why or why not?
- What should every prospective 7-Eleven franchisee know before signing up?
Thanks for your comments!
Are 7-Eleven franchisees really business OWNERS?
Some of the increasing numbers of unhappy 7-Eleven owners say the 7-Eleven franchise is like buying a low-paying job.
Others say it’s worse.
This is how it works they split 50% percent of everything you make. So pretty much after the split, payroll expenses, maintenance fees, taxes and the list goes on and on… you only make the hours you put in, so say you work 50 hours a week multiply $10 an hr x 50 = 500 x 4 weeks you could make only that 2k a month and if your lucky and 7 eleven decides to give u a good month profit then you can make a couple more g’s or else u can also go negative.
I realized with this company it’s all about luck not how hard you work or how smart you are. They don’t know shit and don’t do shit to help you make money but waste money. It’s bad enough we deal with the store 24/7 but dealing with the consultant who comes every week to help to supposedly help improve sales is the worst part of the week and If you don’t get along with them too bad bc his boss is just like him/her.
If you complain all they say is to sell your store. That’s the worst thing someone can tell u after u invested over 250k with them…
Roti Kapda Makan wrote:
I wouldn’t recommend buying a 7-Eleven franchise.
My reasoning is that they do not allow a franchisee to grow within the system, regardless of having money. the typical ROI is almost 7 years on brand new stores, vs Goodwill stores (running stores) it is almost 4-5 years depends on what kind of premium you pay.
Back to the growth. I had one store for almost 2 years now. I am now approved to buy one more stores, but what sucks is, what if I want 3 stores or more, too bad so bad, 7-Eleven will not approve that. The approval rate to buy more stores is they say 6 months, but it ends up being 1.5 years. And brand new stores are bad investment, because of unknown sales and the Roi.
In conclusion a person does make money, but it is very hard to grow with this business in CA. Dallas, and Florida, however has better opportunity. One would pay anywhere from 400K to 700K in So. Cal for a Store vs in TX or FL one would pay 100K -300K for a very good store.
Oh well, my friends do not think about buying a 7-Eleven franchise. I am with them and had a really bad time through the years. We work hard and bring the business up but sorry man we did not get paid accordingly.
Their share is fix, their accounting system the worst i ever experienced. Sorry to say but just do your own job, if you are getting 9.00 an hour please do not think about buying this franchise.
7-Eleven Franchisee wrote:
I first started with 7 Eleven as a corporate employee, supporting franchise and corporate stores…
I always heard franchisees complain about SEI [Seven Eleven, Inc.]. Saying they stole money from franchisees, they were paying more for product and the list goes on. Then I became a franchisee. Boy were they not kidding. SEI is a big scam. They take 50% of your gross profit dollars. Yes you do not pay rent, you do not pay electricity, heat and ac. But boy you loose your life! Believe me I did…
If you are truly considering a SEI franchise, just look at the franchise agreement it is over 300 pages long. Every thing is covered you can not beat them. They will fight you every step of the way. Just be careful. I am trying to help you!
ARE YOU A 7-ELEVEN FRANCHISE OWNER OR EMPLOYEE? PLEASE SHARE YOUR OPINION OF THE 7-ELEVEN FRANCHISE BELOW.
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