7-Eleven waiving franchise fee for select stores in Virginia
Dallas-based 7-Eleven Inc. is waiving the franchise fee for a number of its stores across the country until June 30, including 29 locations in Virginia. The waiver can save franchisees up to $80,000.
The convenience store chain says that over the last four years it has added more than 1,300 stores in the U.S. Now that a customer base has been established at the new locations, the company is looking to transition these stores to franchise operations.
Basic 7-Eleven franchisee qualifications include being 21 years or older, a permanent U.S. resident, having excellent credit and $50,000 in liquid assets. Prospective franchise owners will still be responsible for the costs of licensing, permits and the initial down-payment on inventory, totaling approximately $30,000. Because the qualifying stores are considered low volume, they may qualify for additional, limited-time financial support, 7-Eleven says.
To view a list of the Virginia stores eligible for the waiver, click here.