List of Eligibility Requirements in Applying for the 7-Eleven Franchise To Have Your Own Business
7-ELEVEN FRANCHISE REQUIREMENTS – Here are the qualifications set by the popular convenience store chain in applying for franchise.
Franchising a business is one of the business techniques that has helped countless individuals grow their money. However, it is important to be reminded that there is also a huge risk in it. There is a lot of money involved that is why many business people prefer brands that have already made a name.
In the Philippines, one of the popular businesses is the 7-Eleven. It has massively grown in the country and many of its branches are really successful. The success of 7-Eleven is not only evident in the country but as well as in many other countries abroad most especially in Texas, United States where it was founded.
7-Eleven allows franchising provided that the franchisee meets the 7-Eleven franchise requirements set by the international company which can be found below. There are important information to keep in mind as well.
As mentioned earlier, there are a set of standards or 7-Eleven franchise requirements for application that the aspiring franchisee must meet. To qualify, the aspiring franchisee must possess the following:
- ambitious, entrepreneurial person who is willing to assume risk
- ability to fund investment requirement
- willing to undergo full-time training for 4-8 weeks
- willing to work within the franchisor’s guidance
- willing to devote time to oversee day-to-day operations
- preferrably with retail management and/or customer service related business experience
- be a creative salesperson and help foster a shopping environment that entices your customers
- ready to put hardwork, manage people, monitor finances
Step 1 — Initial Briefing
In applying for a franchise, after securing that you pass the 7-Eleven franchise requirements set, you can proceed with completing the online inquiry form to schedule a franchise briefing. It is set “every Mondays and Thursdays at 10 AM or 2 PM at 7/F Columbia Tower, Ortigas Avenue, Mandaluyong City”.
Step 2 — Pre-Qualification
You will have to pick your location and 7-Eleven will help you assess your site. It would be best to inform 7-Eleven about the advantages of your location.
Step 3 — Interview & MOA Signing.
A three-level interview will be held. Once all the interview level have been passed, you will be given legal documents that you can study on. Get a full view of franchising the business to understand more about it.
Step 4 — Training
Training will be held for a month. It is done to equip the franchisees with the skills needed for the operations of a branch.
Step 5 — Store Opening
After the training, construction, and everything, you can open your own 7-Eleven store within four (4) to six (6) months.