How to become a 7-Eleven franchisee
Learn how to apply for and finance a 7-Eleven franchise
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7-Eleven is Australia's largest petrol and convenience retailer, with over 670 stores throughout the country.
If you want to buy a 7-Eleven franchise, find out what you'll need to do and compare your finance options below.
How does a 7-Eleven franchise work?
Like most franchise models, you can purchase a 7-Eleven franchise from the franchisor. As a franchisee, you are responsible for the daily business operations, including staff, stock ordering and the management of the store itself, and are expected to manage the business full time.
You will need to pay an initial franchise fee to purchase a franchise, and this covers the cost of the store and initial training. Unlike other franchise models, 7-Eleven takes a share of the store's gross profit, but also covers fit out costs, rent, electricity, equipment and banking fees.
The typical store agreement is 10 years, but you are free to sell your franchise at any time.
How do I find a store?
If you're approved as a franchisee, you will be presented with a list of franchisees available in your preferred area, and the franchise development manager will help find the one they believe is best suited to you. You are also free to put forward a potential site if you have one in mind.
How much does a 7-Eleven franchise cost?
This will vary depending on the specific site you want, but the initial investment costs generally range from $400,000 to $1.4 million. The initial franchise fees are used to cover the fit out of the store, as well as your franchisee training.
While 7-Eleven takes a share of the store's gross profit, they also cover costs such as rent, equipment and maintenance, which are costs often covered by the franchisee in other models.
If your store is failing to make money, 7-Eleven will adjust its monthly charge so that the store will meet the guaranteed yearly gross income outlined in the franchise agreement. This is $310,000 for fuel stores, and $340,000 for non-fuel stores.
There are some costs that you will still need to cover using your remaining share of the gross profits. These additional costs include:
- Workers compensation and Work Cover
- Store supplies
- Business licences and taxes
- Bad merchandise
How do I apply for a 7-Eleven franchise?
You can apply to be a 7-Eleven franchisee by completing the following steps:
- Complete the online enquiry form.
2. Provide your requested personal information.
3. Take part in an interview, and complete a police check and English literary test.
4. Complete the online self assessment questionnaire.
5. Work with the franchise development manager to find the store you want.
6. Have a second interview with the franchise development manager.
7. Create a business plan for your store.
8. Undertake an instore assessment with the operations team.
9. Have an approval meeting with the state manager.
10. If approved, start your franchisee training.
11. Review and sign your store agreement.
It will take a minimum of 14 weeks to become a franchisee, including a 10-week full-time training program.
How can I fund a 7-Eleven franchise?
You have a number of finance options when it comes to funding your 7-Eleven franchise. These include:
Before deciding on a finance option, you should have a clear understanding of how much you need to cover the initial and ongoing costs of your franchise. If you plan on getting a business loan, or other form of finance, you should also have a detailed plan for how you will repay the loan.
How do I apply for finance?
You can compare business loans using the table above, and once you have found a loan, click "Go to site" to begin your application.
As part of your application, the lender will ask you to provide certain financial and personal information. This will likely include your credit history, business experience, and any other debts, liabilities and assets.
Frequently asked questions
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