7-Eleven Expands Manhattan Operation and Franchise Opportunities

by 7-Eleven


NEWS RELEASE 

Contact: Margaret Chabris, 7-Eleven, Inc.

972-828-7285; Margaret.chabris@7-11.com

July 11, 2011 -- 7-Eleven, Inc., the world’s largest convenience retailer and in its 85th year, is expanding the number of its locations in Manhattan with the goal of reaching 90 to 100 7-Eleven stores on the island by the end of 2017.

And with each new opening comes the opportunity for a local business person to become a 7-Eleven franchisee, backed by proprietary technology, equipment, products, processes, marketing and business support.

Currently there are 19 stores in Manhattan with a concentration in the downtown area, but the company is eyeing sites from the Financial District to Inwood.

Known for its Slurpee drinks and quick-serve fresh and hot foods, new 7-Eleven outposts arrived this year in the Bowery, Greenwich Village, Chelsea and Upper East Side.

Beginning next year, 7-Eleven plans to ramp up it growth, adding 20 more locations, ranging in size from 1,500 square feet to 3,000 square feet, every year for the next 5 years.

It’s all part of the company’s accelerated growth plan not only for Manhattan, but the other four boroughs as well as key metropolitan markets across the country.

“When you consider the population density, the number of workers and visitors in Manhattan, there's significant demand and growth opportunities for the 7-Eleven brand of convenience retailing,” said Dan Porter, 7-Eleven vice president of real estate. “Manhattan is a strong market for us, and we want to be accessible to Manhattanites, workers and visitors anytime they need us.

“In Manhattan, we prefer building store-front spaces in high foot-traffic areas, close to subways, hospitals, universities and residential areas,” Porter added.

Landlords, property owners and developers find 7-Eleven appealing because of its long history of providing convenience to consumers and investment-grade tenant rating.

7-Eleven store development and real estate information is available at

http://corp.7-eleven.com/RealEstate/tabid/180/Default.aspx.



In addition to providing at least 10 new jobs for each new store, 7-Eleven creates to franchise opportunities for local, qualified residents. Typically, the cost for a new 7-Eleven franchise runs between $200,000 and $700,000, depending on location.

The company also has a business conversion program whereby an existing business can convert to a 7-Eleven franchise. 7-Eleven will invest up to $250,000 to add its proprietary equipment and technology.

Plus qualified military veterans can franchise their first 7-Eleven store at a discount, with savings between $1,000 and $35,000.

The company is actively seeking qualified franchise operators in the New York City area.

As one of the world’s largest and most successful franchisors, 7-Eleven seeks candidates with the following qualifications:


financial background and successful experience in business or business ownership
retail, management and customer service–related experience within the US
commitment to invest time in initial 7-Eleven store operation training and to personally manage the day-to-day operation of a 24/7 convenience retail business
ability to motivate and train staff
an entrepreneurial drive
strong business ethics
good credit history
permanent US citizen and 21 years of age or older

Potential 7-Eleven franchisees can attend local and free, bi-monthly open houses and seminars on the 7-Eleven franchise system and long-term benefits of being a 7-Eleven franchisee, including acquiring multiple locations. Current, NYC 7-Eleven franchise event listings can be found at

http://franchise.7eleven.com/index.php/events?filter_type=state&filter=New+York
and information about 7-Eleven’s franchising programs can be found at

http://franchise.7-eleven.com/



About 7-Eleven, Inc.

7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses approximately 9,300 7-Eleven® stores in North America. Globally, there are more than 46,800 7-Eleven stores in 16 countries. During 2011, 7-Eleven stores worldwide generated total sales close to $76.6 billion. 7-Eleven has been honored by a number of companies and organizations recently. Accolades include: #2 on Forbes magazine’s 2011 list of Top Franchises for the Money; #3 spot on Entrepreneur magazine’s Franchise 500 list for 2012, #3 in Forbes magazine’s Top 20 Franchises to Start, and #2 in Franchise Times Top 200 Franchise Companies. Hispanic Magazine named 7-Eleven among its Hispanic Corporate Top 100 Companies that provide the most opportunities to Hispanics. 7-Eleven received the 2010 Retailer of the Year honor from PL Buyer because of the company's private-label brand initiative. 7-Eleven is franchising its stores in the U.S. and expanding through organic growth, acquisitions and its Business Conversion Program. Find out more online at www.7-Eleven.com.


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