7-Eleven's Denver Sell-Off
Retailer offering 200 Colorado stores to franchisees
DENVER -- 7-Eleven Inc. is selling 200 company-owned stores in Colorado to franchisees, reported The Denver Business Journal. The shift affects stores in metropolitan Denver, as well as in Louisville, Greeley, Lafayette, Longmont, Brighton, Fort Collins and Colorado Springs; 32 stores in rural Colorado will remain company-operated, said the report.
After giving 7-Eleven store managers first crack at franchise opportunities, the chain now has opened franchises to the public, the report added.
The company will hold morning and afternoon [image-nocss] franchise information seminars in Denver on June 22, at the Sheraton Denver Tech Center hotel in Greenwood Village, said the report. It will hold another seminar in Colorado Springs on July 20.
The average total upfront cost for a 7-Eleven franchise in Colorado is about $118,000, including franchise fee, inventory, licenses and permits, bonds and cash register funds, according to the newspaper, but that amount can vary significantly depending on a store's location. Each 7-Eleven stocks roughly 2,800 items, and averages $3,000 in sales per day, according to the company.
The Dallas-based convenience store chain owns or franchises 5,800 stores in the Unites States and Canada. It licenses another 22,300 stores worldwide. The 7-Eleven system currently has 3,449 franchised stores.