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Updated Recently24seven Franchise
Food & beverage vending machines
24seven is a convenience-retailing brand that uses vending machines to serve customers 24 hours a day, seven days a week. It operates in one of the world’s fastest growing retail sectors.
You will see the 24seven brand on vending machines that serve a huge range of the most popular snack and beverage drink products. These machines are serviced by a team of 24seven Owner/Operators.24seven is an innovative global franchisor and is represented in 19 regions of America serving over 10,000 customers from more than 40,000 vending machines
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How much does it cost to open a 24seven Franchise?
The investment required to open a 24seven Franchise is between $257,000-$301,000. There is an initial franchise fee of $230,000 which grants you the license to run a business under the 24seven name.
Individual Unit Costs
- Initial Investment:
$257,000-$301,000 - Initial Franchise Fee:
$230,000 - Royalty Fee:
10% - Advertising Fee:
- Term of Agreement:
6 years
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24seven News & Press Releases
When did 24seven start Franchising? 2001
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2005 | 20 | 0 | 49 | 0 |
| 2004 | 0 | 0 | 0 | 0 |
| 2003 | 3 | 0 | 48 | 0 |
| 2002 | 0 | 0 | 30 | 0 |
| 2001 | 0 | 0 | 18 | 0 |
United States: California, Texas,
International:
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | No | Yes |
| Startup Costs | No | Yes |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Support
Toll-free phone line, Field operations/evaluations, Purchasing cooperatives
Franchise can be run from home.
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)
Business Experience:
Your income potential as a 24seven Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.
Listing Tags
Legal Disclaimer: This information is not a franchise offering for 24seven and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a 24seven franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
24seven
24seven
233 Needham Street
Suite 440
Newton,
MA
02464