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.
Why wouldn’t anyone want to own a 7-Eleven? Imagine proudly yelling “This is Sparta” while you literally kick out drunk people from YOUR store. Sure, there’s some danger involved. Just two days ago a couple of armed men robbed a 7-Eleven on Chapman and Alafaya Trail and another location got robbed in Maitland on May 31st. But come on, seriously, who cares?! You own your own business.
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.
Here’s the available Orlando locations:
2300 S Goldenrod Rd
5695 L B Mcleod Rd (This one was robbed in September of 2013)
4715 Goldenrod RD
4011 W Oak Ridge RD
You have until June 30th to apply for this program and you can find out more about it here.
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This article appears in Jun 3-9, 2015.
