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Below is an in-depth analysis and side-by-side comparison of 7-Eleven vs Circle K including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $69,650 - $1,185,400 | $189,250 - $1,927,640 |
Franchise Fee | $10,000 - $1,000,000 | $25,000 |
Royalty Fee | Varies | 2.5%-5.5% |
Advertising Fee | 1% | 1.5% |
Year Founded | 1927 | 1951 |
Year Franchised | 1964 | 1995 |
Term Of Agreement | 15 years | 10 years |
Term Of Agreement | 15 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | 7-Eleven is seeking franchise candidates that are looking for an exciting business opportunity that's full of growth potential. 7-Eleven asks that candidates meet the following criteria before being considered to franchise a 7-Eleven: *Be 21 years of age or older *Prove permanent residency in the United States *We prefer you have retail, management and/or customer service - related business experience within the United States *Not have filed for bankruptcy within the last seven years *Have excellent credit These basic qualifications are only half the story. When considering if 7-Eleven is the right choice, candidates should consider if they possess the traits most common to successful 7-Eleven franchisees: *Can you manage multiple tasks simultaneously and adapt to market and company changes? *Can you hire, train and supervise employees? Are you willing to empower them and delegate responsibilities to them? *Are you dedicated to operations excellence? Do you focus on the details? *Are you committed to creating and managing an organization that effectively recruits, trains, retains and motivates people? *Do you have a strong desire to build incremental income through execution and the ability to implement company programs and strategies? *Do you have food service management or retail experience? *Can you deliver an exceptional customer experience while maintaining a commitment to the core values of 7-Eleven? *Do you support and understand your local community? Do you have strong ties to your community? | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | -/- | -/Yes |
Inventory | No/Yes | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | On-The-Job Training: 24 hours Classroom Training: 56 hours |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Ongoing Support Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Field Operations Franchisee Intranet Platform |
Marketing | National media, Regional advertising | Ad Templates Regional Advertising Social media Website development Email marketing Loyalty program/app |
Operations |
Number of employees needed to run franchised unit: 7 - 10
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Number of employees required to run: 10 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | Yes | - |
International Expansion | Yes | Yes |
Why would you open a Circle K Franchise?
We may be biased, but we think the convenience store industry - already massive in size - is poised for growth in the future.
So why franchise with Circle K? Because it's a win-win proposition for you. If you are already an independent store owner with little or no local competition, Circle K can provide you operational advantages to keep you on top. If you're an independent store owner who competes against a large, nationally recognized convenience store chain, you need to have a powerful brand of your own - Circle K - to help you retain your existing customers and attract new ones.
At Circle K, our mission is to be the best and most convenient place
to shop, and work. Our stores are known around the world for offering
busy consumers a wide variety of quality products and services in a
fast, friendly, and clean environment.
Your neighborhood Circle K store features our award-winning brand of
the Freshest Coffee Going,® ThirstBuster® fountain drinks, beer, snacks,
candy, ATMs, Talk And Go® Mobile prepaid wireless phones, Gift Cards,
money orders, and general merchandise.