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System
The
7-Eleven® Franchise Agreement
Areas covered in the 7-Eleven® Franchise
Agreement:
- System
& Image
- Trademark
Sub-License
- Lease
of Premises & Equipment
- Maintenance,
Repairs & Utilities
- Investment,
Open Account & Financing
- Training
- Indemnification
& Insurance
- Advertising
- Merchandising
- Bookkeeping
- Franchisees'
Income & 7-Eleven Charge
- Term
- Expiration, Termination & Renewal
- Arbitration
- Vendor
Trade Agreements
Store
Selection
7-Eleven® and the franchisee agree on a
selection from stores available for franchise.
Store
Equipment
7-Eleven® establishes, evaluates, & updates:
- Equipment
Designs
- Equipment
Needs
- Equipment
Layouts
This is
a complete equipment package for your store! The franchisee is responsible
for the preventative maintenance and repair of the equipment.
Each
7-Eleven store often represents a substantial investment of up to
$1,000,000 for:
- Land
- Building
- Equipment
- Signs
Some franchisors
sell these assets to their franchisees...Franchisees lease
these from 7-Eleven!
With
7-Eleven, franchisees can avoid:
- Investing
in Land
- Investing
in Building & Signs
- Investing
in Equipment
- Long-Term
Contingent Liability
Franchisees
are sub-licensed to use the 7-Eleven trademarks in the operation of
the store, such as Slurpees, Big Gulps and Super Big Gulps.
The
7-Eleven Image
Over the years, 7-Eleven has built up an image for:
- Customer
Service
- Store
Design/Layout
- Extended
Hours of Service
- Type,
Quality, Quantity, Composition, Proportionality and Variety of
Merchandise
- Consumer
Acceptance of Expectations
- Store
Conditions
- Positive
Customer Environment
- Community
Involvement
Opening
Inventory
Franchisees purchase their opening inventory from 7-Eleven. However,
in the case of a transfer, franchisees may purchase their opening
inventory from the transferor.
7-Eleven
Provides:
Lists
of:
- Recommended
Vendors (Suppliers)
- Recommended
Merchandise
- Recommended
Retail Prices
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Information
About:
- Available
Promotional Programs
- General
Merchandising Concepts
- Sales
and Purchases
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And:
- Continuing
Advisor Assistance
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The franchisees, as independent contractors,
are allowed to make their own decisions regarding vendors
and merchandise, and are free to establish their own prices.
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7-Eleven
Bookkeeping Service
7-Eleven provides a bookkeeping service for:
- Payment
of Purchases and Operating Expenses Approved by Franchisees
- Preparation
of Franchisees' Payroll Checks
- Maintenance
of Franchisees' Payroll Records
- Physical
Audits of Franchisees' Inventory and Store Money
- Retail
Book Inventory
- Quarterly
and Annual Financial Statements
- Assistance
in Preparing Franchisees' Business Tax Reports and Returns
- Reports
of Sales and Purchases
Bookkeeping
Franchisees deposit receipts (daily) in a local, designated bank.
Deposits become credits to your open account with 7-Eleven.
Franchisees
authorize 7-Eleven to pay their approved operating (business-related)
expenses and to charge franchisees open account.
Franchisees
are in control!
What
Franchisees Must Provide
Franchisees must provide (in a form and manner directed by 7-Eleven):
- Daily
Reports of Sales and Deposits
- Invoices
of Purchases with Retail Selling Prices
- Inventory
and Adjustment Reports (Price Changes, Bad Merchandise, Special
Sale Markdown)
- Payroll
Information
- Receipts
for Operating Expenses
- Other
Reports as Needed or Required by 7-Eleven
7-Eleven
provides the report forms.
Remember
that franchisees and 7-Eleven work toward common goals...Mutual
Profits and Strengthening the 7-Eleven System!
Click
Here To View a List of Current Franchise Opportunities
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