Convenience Store Franchises Outstripping Other Sectors

From the Las Vegas Business Press: While other retailers are scrapping growth plans, the $624bn convenience-store industry is getting even more aggressive in pursuit of new markets.

7-Eleven recently announced plans to add 200 stores nationwide by the end of the year. Drugstore chain Walgreens is refurbishing its stores to sell liquor and wine. Las Vegas chains are adding properties as the weak commercial real estate market opens new areas and technology makes it easier to tailor inventory to each store.

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Convenience Store Franchise Recruits Veterans

From The Dallas Business Journal: Convenience store franchise 7-Eleven Inc. is offering discounted franchise fees to retired or separated veterans of the U.S. Armed Forces.

The chain plans to open 200 new stores this year, said store spokesman Margaret Chabris. All new stores will be franchised, she said. Nationally, there are 1,300 stores available for franchising. In the Dallas-Fort Worth area, 70 existing stores also are available for franchisees.

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Demand for 7-Eleven Franchises Up

Courtesy of Calvin TeoFrom Cape-Coral-Daily-Breeze.com: New 7-Eleven franchisees say that owning a proven, successful business while receiving support and training from the world's largest convenience store franchise make for a rewarding business venture even in a challenging economy.

Because Florida is one of the last states where 7-Eleven, Inc. is converting its company-operated stores to franchises, some new owners have moved to the Sunshine State to take advantage of what they see as a rare opportunity to be their own bosses. Many local residents also have jumped at the chance to become part of one of the world's most recognized brands.

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7-Eleven Continues To Convert Most Company Owned Stores To Franchise Operations

Highlands Today (Tampa Bay): 7-Eleven, Inc., the world's largest convenience retailer and ranked among U.S. top franchisors, is continuing its plan to convert the vast majority of its company-operated stores into franchised operations in the U.S. by 2012.

The conversion of company-operated stores in some markets began in 2006. Approximately 4,100, or 75 percent, of 7-Eleven, Inc.'s more than 5,600 U.S. stores are now franchised.

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