How Much To Franchise in 7-Eleven

Last November 24, 2011, I received an e-mail from "Herbs Ibrahim" asking how much to franchise in 7-Eleven.

Well before I even received his letter, I already inquired to 7-Eleven how to franchise a 7-Eleven store and how much is the cost. This is in relation to the article I read in Manila Bulletin dated November 21, 2011.

7-Eleven is swift and has been very cordial to my request. Just to set the records straight, I am not affiliated in anyway whatsoever with 7-Eleven. You can visit their website http://www.7-eleven.com.ph/ for more info.

For a new store franchise, investment costs around 3.5M - 4.5M inclusive of construction cost, initial merchandise, franchise fee, store supplies and advance rent
and deposit.

For Service Agreement, total investment would be around 1M - 2M depending on
the sales of these existing stores.

You can check the detailed breakdown of the investment here, 7-Eleven.

Here is a part of the e-mail I received from their PR.

Our special OFW package offers qualified applicants a discount on franchise fees. Kindly refer to the attached summary of our franchise packages. You may also have a representative to attend our regular Franchise Briefing every Mon and Thurs at 10 AM and 2 PM, to know more about our franchise packages. We are located at the 7th floor, Columbia Tower, Ortigas Ave., Mandaluyong near POEA.
Our franchise offer is basically 2 packages:

(1) Applying for a NEW STORE FRANCHISE (code: FC1) -

As PSC continually expands in Manila and metro provinces around the
country, our franchise applicants are simultaneously offered these new
sites as potential locations for their franchise business. Even if you
have a preferred location, PSC will evaluate your site together with
your application (area would be ranging from 80-120 sqm). Total
investment would be around 3.5M - 4.5M inclusive of construction cost,
initial merchandise, franchise fee, store supplies and advance rent
and deposit.

(2) Applying under a MANAGEMENT AGREEMENT (Code: SA) -

Service Agreement, puts the operator in the front seat of the business
by allowing him to directly run the store as the designated Store
Manager. SA stores are our corporate stores that we award to
franchisees Total investment would be around 1M - 2M depending on
the sales of these existing stores.

Inclusive to the franchise terms of each of the above packages are the
use of 7-Eleven proprietary brands, use of 7-Eleven operations,
equipment and merchandise systems, a comprehensive 4 to 8
week training, involvement in national advertising and
promotions, start-up and bookkeeping assistance, and weekly visits by
our field consultants.

Presently our expansion and existing network of stores are
concentrated in island of Luzon covering Baguio, Pampanga, Bulacan, the
National Capitol Region, Cavite, Laguna, Batangas, Lucena down to
Bicol province.

**Timing would take a minimum of 90 up to 180 days for the entire franchise process.

7-Eleven launches OFW investment program

Source: Manila Bulletin

MANILA, Philippines — Returning overseas Filipino workers who yearn for long-term financial growth in their homeland now have the chance to finance their own small business investment and become successful entrepreneurs as world-renowned convenience store chain giant 7-Eleven launches a special franchise program for OFW applicants.

The special program, according to Francis Medina, Business Development Manager of Philippine Seven Corp. (PSC), allows OFWs to explore their own income-generating business option by using their remittances as significant “investment tools.”

“Studies have shown that OFWs nowadays no longer concentrate their remittances solely for their families’ basic consumption; in fact, most have used or saved up their remittances to finance other future pre-needs or necessities such as education, housing or land properties, health and small private businesses,” he noted.

“And with the population of migrant Filipino workers growing at 5% per year as they spread across various continents in the globe, imagine the overall buffering effect to the country’s economy, more importantly to the improvement of the quality of life of OFWs and their families, if their earnings or savings are channeled to finance potentially lucrative alternative business ventures such as a viable convenience store franchise,” said Medina.

Apart from the rewarding aspects of owning their own 7-Eleven franchise, like finally achieving a steady income or livelihood for them and their loved ones, Medina said that investing their earnings on a viable franchise investment option is one great way of helping the country spur local economic development and generate jobs back home.

“By becoming 7-Eleven franchisees through a special franchise program that is unique and proven reliable, OFWs can look forward to a brighter and stable future as the company will arm them with the necessary technical support, financial management, including knowledge and skills training for them to fully understand the trade as they make a successful career in entrepreneurship,” he added.
Medina noted that because OFWs are hardworking, resourceful, compliant, reliable and service-oriented, they make excellent candidates for the 7-Eleven business model just like their successful operators. He also added that because of these qualities, along with their flexibility, commitment, discipline, work ethics and sense of responsibility, OFW partners are sure to propel the growth of the franchise business.
“Being a 7-Eleven franchisee is an ideal way for OFWs to build their future right in their homeland. By investing their hard-earned money on a proven brand that works as hard as they do, they can be sure of a mutual partnership that works towards the achievement of a better, more secure future for themselves and their loved ones,” said Medina.