7-Eleven to Convert 475 Florida Stores to Franchises

by sean on May 24th, 2008

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7-Eleven, Inc. announced today it plans to convert approximately 475 company-operated 7-Eleven stores in Florida, including those in Fort Myers, into franchised operations.
The conversion began in January and affects 7-Eleven stores in the greater Orlando, Tampa/St. Petersburg, Daytona and Fort Myers metropolitan areas.
Existing 7-Eleven store managers in Florida were the first invited to apply for a 7-Eleven franchise, and many have taken advantage of the opportunity. The offer is now available to the public.
7-Eleven provides the land, building, equipment and a turn-key operation for its franchisees. The average up-front, total investment for a 7-Eleven franchise in Florida is about $180,000, although the amount may vary significantly by store. Approximately 4,100, or 76 percent, of 7-Eleven, Inc.’s almost 5,400 U.S. stores are now franchised.