Entrepreneurship
Franchise Feature: 7-Eleven
Looking to open a business but do not know how, where, or what to do to start it? Look no further as we dive deep into 7-Eleven Philippines’ franchising program here in our Franchise Feature.
7-Eleven is a well-established and trusted brand in the Philippines, with over 3,200 stores nationwide, and offers franchisees the opportunity to own and operate their own convenience store.
A few of the many advantages of franchising with 7-Eleven Philippines include a well-established business model, comprehensive training and support, and access to a wide range of products and services. A City Store franchise costs Php 800,000, while a conventional 7-Eleven costs Php 600,000. This venture makes way for a turnkey business, complete with site choice, store plan and development, progressing tasks, and showcasing support.
Standard stores, City Stores, and non-traditional formats like kiosks and food carts are among the store formats that 7-Eleven Philippines offers to meet the requirements of a variety of locations and customers. Depending on the store’s location and design, opening a 7-Eleven can cost anywhere from PHP3 million to PHP5 million.
You will have access to 7-Eleven’s extensive supply chain and distribution network as a franchisee, allowing you to provide your customers with a wide range of goods and services. You will also get support and training in everything from marketing and inventory management to customer service and merchandising.
Candidates must meet a number of requirements in order to be considered for a franchise, including having a minimum net worth of PHP5 million and having PHP2 million in cash on hand. A franchise application can be submitted online through the 7-Eleven Philippines website or in person at any 7-Eleven location.
The opportunity to franchise with 7-Eleven Philippines is a fantastic one for aspirant business owners who want to own their own company with the support and resources of a well-known brand. For the right entrepreneur, franchising with 7-Eleven Philippines can be a smart investment because it offers a variety of store formats in addition to comprehensive training and support. (GFB)