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Below is an in-depth analysis and side-by-side comparison of 7-Eleven vs Tedeschi Food Shops 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 | $45,000 - $137,000 |
Franchise Fee | $10,000 - $1,000,000 | N/A |
Royalty Fee | Varies | - |
Advertising Fee | 1% | - |
Year Founded | 1927 | 1962 |
Year Franchised | 1964 | 1972 |
Term Of Agreement | 15 years | - |
Term Of Agreement | 15 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? | * Customer centric, outgoing and committed to providing the best customer service experience * Participates in the day-to-day operation of the store * Cultivates an understanding and a drive for local community Involvement * Has prior food service management or retail experience * Demonstrates the ability to build a high performing team and organization * Able to manage multiple task simultaneously and adapt to market and company change * Prove permanent residency in the United States * Has excellent credit * Must be able to provide exceptional customer service * Understands & respects the relationship between franchisee & franchisor |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | -/- | -/- |
Inventory | No/Yes | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | National media, Regional advertising | - |
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) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | Yes | - |
International Expansion | Yes | - |