7-Eleven is a global chain of convenience stores that offers a variety of products and services to its customers. 7-Eleven’s franchise model is based on providing entrepreneurs with a well-known brand name, a proven business model, and comprehensive training and support.
The story of 7-Eleven’s franchise business began in 1927 when a Dallas ice company employee named Joe C. Thompson started selling milk, eggs, and bread from an ice dock. The idea was an instant success, and Thompson opened his first convenience store, which he called Tote’m Stores, in 1928.
In 1946, Tote’m Stores changed its name to 7-Eleven, reflecting its new operating hours from 7 a.m. to 11 p.m. Today, 7-Eleven has more than 71,000 stores in 17 countries, making it one of the largest convenience store chains in the world.
One of the reasons for 7-Eleven’s success in the franchise industry is its recognizable brand name and logo. The 7-Eleven logo features the company’s name in bright green letters, which has become synonymous with the brand.
Another reason for 7-Eleven’s success is its comprehensive training program for franchisees. The company provides a three-week training program for new franchisees, which covers everything from store operations to marketing strategies. 7-Eleven also provides ongoing support for its franchisees, including assistance with site selection, lease negotiations, and marketing.
Today, 7-Eleven has more than 9,000 stores in the United States alone, making it the largest convenience store chain in the country. The company continues to expand its franchise network, and in 2021, 7-Eleven announced plans to open 20,000 new stores around the world over the next decade.
In conclusion, 7-Eleven’s franchise business story is one of success and innovation. The recognizable brand name, comprehensive training, and support for franchisees have helped the brand establish itself as a leader in the convenience store industry. As the company continues to expand its franchise network, it is sure to remain a dominant player in the franchise industry for years to come.