You can now own a 7-Eleven in Orlando without a franchise fee, because no one wants to own a 7-Eleven
By Colin Wolf
on Thu, Jun 4, 2015 at 5:54 PM
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Photo via Reddit
If you've every wanted to get into the lucrative Big Gulp industry, time is running out to apply for 7-Eleven's Zero Franchise Fee Initiative, a program launched last February that waives their usual $80,000 franchise fee because, apparently, 7-Eleven is so damn thirsty for new owners.
Currently, 7-Eleven is trying to unload 250 stores across the country. There's 46 available 7-Elevens in Florida right now and 4 of those are in Orlando—all of which have lower sales volume compared to the national average.
According to 7-Eleven, the company is looking to transition these "low sales" stores from company status to franchise operations.
To qualify as a new owner you only have to be 21-years or older, a permanent U.S. resident, have excellent credit and $50,000 in liquid assets.
Also, prospective franchise owners will still be responsible for the costs of licensing, permits and the initial down-payment on all the Slurpees and racks on racks of junk food already inside the store, totaling approximately $30,000.