Most larger chains are franchises, including 711. This allows you to open your own store if you have the right experience and capital. Of course, this is very expensive, but it can also be very profitable.
711 is one of the biggest companies in America, with more locations than Walmart. To discover if you can franchise one of its stores, keep reading!
Is 711 a Franchise In 2023?
711 does operate as a franchise as of 2023. However, it’s are a bit different from other franchising opportunities. For instance, the company provides for some of your startup needs, has fully stocked stores, and income replacement programs if you aren’t profitable. While franchising is expensive, 711 does offer many different discounts and financing opportunities.
For everything you need to know about franchising with 711, such as the qualifications you need to open a franchise and more, take a look below!
How Does 711 Franchising Work?
Unlike most franchise systems, 711 simply shares the gross profits of the store, and does not require royalty payments based on sales.
Therefore, you only pay them based on what you make from the store – not the base amount of sales you make.
Furthermore, 711 is directly interested in improving your profitability and often provides resources to help increase it.
What Qualifications Do You Need to Franchise with 711?
As you might expect, 711 does have a variety of qualifications for those looking to open a store.
While there are no strict requirements, 711 does prefer management experience and prefers it to be in retail, convenience, or food service.
711 also tends to franchise to those in the U.S. military, though this isn’t a requirement.
As strict requirements, the company does require you to have U.S. citizenship, be a minimum of 21 years of age, pass a background check, and not have any competing interests.
Does 711 Provide Financing for Franchisees?
You can get some of your upfront costs paid through 711’s financing program, which is rare for the franchise industry.
While it is rare, certain franchisees may also get additional financial help.
For specific information on what you can receive, you’ll need to ask a Franchise Sales Representative.
Does 711 Have Discounts for Franchising?
Franchising is expensive, therefore, 711 does provide some discounts that you may be able to take advantage of.
Additionally, you may get some discounts after you speak with your account manager and go through the required steps to become a franchisee.
One of the biggest discounts 711 offers is to veterans. According to the veteran’s information page, 711 offers discounts to most veterans of the U.S. military.
In fact, veterans get about 20% off the initial franchising fee, which can save you up to $50,000.
Can You Franchise Multiple 711s?
711 is very concerned with growth. Therefore, the company allows you to franchise multiple 711 stores at one time.
Therefore, you can start out with a single store if you please, with the possibility of adding more stores over time. Or, you can start out with 2-10 stores at once.
Who Builds 711 Franchise Stores?
711 works a bit differently than others in the franchise industry. Unlike most systems, 711 provides fully stocked stores that are ready to go. All you have to do is pick what store you want.
Therefore, you don’t have to worry about building your store or buying land, 711 does all of that for you.
Additionally, the company continue to bear the ongoing cost of land, store equipment, and building maintenance after you take over the store, as well.
With that said, the downside to this model is that you cannot pick where your store is.
What Kind of Equipment Does 711 Provide to New Franchise Stores?
711 is known to provide much of the equipment you need to get started. In fact, almost everything is provide. Here is a complete list of what is typically provide in new stores:
- Bakery cases
- Cappuccino machine
- Chili-cheese dispenser
- Cigarette fixtures
- Coffee brewers, grinders, and counters
- Condiment station
- Cold/Hot food display
- Iced coffee dispenser
- Icemaker and merchandiser
- Low-temp cooler
- Ice cream novelty case and rack
- Open-air fresh food cases
- Post Mix beverage dispensers with bag-in-a-box and counter space
- POS counter space and register
- Retail Information System and Merchandise Ordering Terminals
- Roller grills and counter space
- Safe, counter, and security system
- Slurpee® barrel dispensers
- Backroom shelving
- Water filter
- Interior valence
- Exterior trash cans
- Window graphics
- Banner boards
- Exterior signage
- Interior striping
- POP interior signage
However, it can vary from location to location. Some stores may already have existing equipment that doesn’t need to be added.
To know more, you can also read our posts on whether or not 711 sells liquor, if 711 sells wine, franchise store facts, and does 711 have ATMs.
711 is a franchise, however, the company does work a bit differently than other franchises. For instance, the company does not require royalties to be paid. Instead, 711 just shares gross profit.
You can also franchise several stores at once right out of the gate, allowing you to be profitable very quickly. 711 even provides fully stocked stores for you to open right away. Unlike other franchises, you don’t have to deal with converting a store yourself.