7-Eleven, Inc. is the franchisor. The company belongs to Seven-Eleven Japan Co., Ltd through its parent company SEJ Asset Management & Investment Company, ultimate parent is Japanese corporation Seven and i. Franchise product - extended-hour retail convenience stores, our main advantages are proximity and wide range of goods, many of which traditionally not available in convenience stores. The assortment includes high-quality fresh food, hot food, beverages, private brand items. Stores usually open 24/7 the whole year.
The franchisor offers 3 types of stores:
- Traditional Individual store: franchisor owns/leases single store.
- Business Conversion Program (BCP) franchise: The franchisee is responsible for acquiring the land and building for a store. This type of franchisee pays different royalty and is subject to a different disclosure document rather than the traditional type of franchisees.
- Micro Market Franchise: The Micro Market franchise is the subject of a different disclosure document. This type of store with limited square footage is stand-alone or placed in an office building, university, hospital, hotel, or other similar location.
Training Overview: The Training Program is conducted in Irving, TX in the Store Support Center and in a 7-Eleven Training store. The Training program takes about 300 hours. We do not guarantee approval as a franchisee for those who successfully complete the Training Program.
But successful completion (how can we determine it at our discretion) is obligatory for all franchisees and any managers they designate with our approval. Based on changes in the 7-Eleven System, the franchisor may offer additional training.
Franchisees and their employees must participate in any additional training programs by the franchisor related to the proper sale of age-restricted products or the sale of other products that are regulated and which could lead to a violation of the law if not properly sold, and any other training programs it designates as required.
The franchisee and his employees must successfully complete all additional training required to the full satisfaction of the franchisor, which he may determine at his discretion.
Territory Granted: Franchisees will not receive any minimum territory or an exclusive territory. A single 7-Eleven store location will be covered in the franchise agreement.
Obligations and Restrictions: In accordance with the franchise agreement, the franchisees agree to make every effort for the store and actively and substantially participate in the actual operation of the franchise. If franchisees, who have just one 7-Eleven franchise, will actually run the franchise business (except in special cases) as we expect, it’s not required for them to name and to train a manager.
The store must contain all the specified inventory categories of goods. As stated in the franchise agreement, franchisees must offer for sale, keep and use the only inventory that corresponds with type, quantity, quality, and a variety associated with the 7-Eleven Image that the franchisor specified. Franchisees must constantly maintain at the store all products that are in the franchise agreement or that the franchisor lists in writing in reasonable and representative quantity.
Also in the store must always be a reasonable and representative quantity of all designated nationally or regionally advertised or promoted products. The franchisor’s merchandising and shelf-life requirements for fresh foods must be strictly followed.
Term of Agreement and Renewal: The initial franchise term is 15 years. If the requirements are met, the renewal term will be as it is written in the then-current franchise agreement.
Financial Assistance: In certain situations, the franchisor may offer to finance the Down Payment and Franchise Fee. As part of the bookkeeping services provided, the franchisor will establish and maintain an Open Account for the franchisee (see FDD for further details). The franchisor does not offer funding mechanisms from any other source and does not receive payments for placing any funding.
Leave a Comment