New Franchise: Eleven Inc

INITIAL INVESTMENT

<div class=”stats”>LOW: $37,200

HIGH: $1,635,200

7-Eleven’s origins date back to 1927, when an employee of the Southland Ice Company in Dallas, Texas, began selling milk, bread and eggs in addition to the ice blocks. That employee, Joe C. Thompson, eventually bought the Southland Ice Company, turned it into the Southland Corporation, and began opening convenience stores. The first stores went by the name Tote’m, since customers “toted” away their purchases, but in 1946, when the stores’ hours were extended–from 7 a.m. to 11 p.m.–they got a new name. Although 7-Eleven stores are now open 24 hours a day, the name stuck.

Financing Options

7-Eleven Inc. offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives
10-20% off franchise fee; special financing

eleven-inc franchise

eleven-inc franchise

Company Profile

Founded

1927

Franchising Since

1964 (52 Years)

Corporate Address

P.O. Box 711 Dallas, TX 75221-0711

CEO

Joseph DePinto

Parent Company

Seven & i Holdings Co., Ltd.

Financial Requirements

Initial Investment

$37,200 – $1,635,200

Net-worth Requirement

$100,000 – $250,000

Liquid Cash Requirement

$50,000 – $150,000

Ongoing Fees

business systems.”>Initial Franchise Fee

$10,000 – $1,000,000

Share

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *