7-Eleven Inc is an American international chain of convenience stores which owned by a Japanese. Initially, the company was named as Tote’m Stores, however it was renamed in 1946

7-Eleven.

7-Eleven Inc. is an American international chain of convenience stores which owned by a Japanese. Initially, the company was named as Tote’m Stores, however it was renamed in 1946. Seven-Eleven is its parent company since 2005 and Seven-Eleven operates, franchises as well as licenses 66759 sales points around 17 countries according to the data as of June 2018. Due to the most recent franchise agreement, company can take up to 59% of franchise gross profit.

According to the company’s business strategies, everything that they are creating is turnkey. They support franchises with all the necessary items and try to make business processes as much as possible. The people who take these franchises have to have a proper vision, good energy and solid work ethics. Unlike other franchisors, Seven-Eleven does not take royalty fees on sales and they have a different type of model. Instead of getting fees, the invest in franchises by sharing the profit with franchise owners. The company has also built all kinds of tools and resources that aid to franchise owners to diminish the amount of waste for the purpose of increasing their profit. In addition to this, Seven-Eleven offers several kinds of franchises according to the owners’ background and experience. First type of this is Traditional Single Store Franchise and this is the perfect type for any entrepreneur for starting their business and learn business running strategies. Another possible way of franchising is Multi Store Franchise.