This summer, the convenience retailer launched a new military veterans franchise program that offers discounted franchise fees to retired [image-nocss] or separated veterans of the U.S. Armed Forces who have been honorably discharged from the service. Qualified veterans who become first-time 7-Eleven franchisees receive a 10% discount on the initial franchise fee for the first 7-Eleven store they franchise, which can range from $1,000 to $35,000. (Click here for more details).
As an experienced veteran of convenience retailing, Wallis said he was surprised at just how much he could still learn about the business in which he has spent most of his professional career.
"I thought I knew a lot until I stepped into this," he said. "The inventory and daily ordering tools available to us as business-owners are phenomenal. I didn't have any of this technological support at previous stores I operated and had to rely on vendors telling me what was selling. Now I can see for myself by just clicking a few keys on the computer and immediately know which products to concentrate our efforts on."
The Wallis couple had been scouting business opportunities for almost a year, traveling the western United States from Washington state to Las Vegas. That was where Sandi noticed a sign in a 7-Eleven store window advertising that it was available for franchising. After learning more about 7-Eleven franchising prospects and undergoing qualifying tests, they returned to their home state of Oregon to find a store.
7-Eleven franchise sales director Tim Bain, who covers the North Pacific region for the company, met with the Wallises and provided them with a list of available stores. The couple, who have lived in Klamath Falls and Grant's Pass, "immediately fell in love with the Redmond community and knew they wanted it to be home."
"It's such a beautiful part of Oregon and smack dab in the middle of the state," Wallis said. "We love it here and are already feeling at home. Of course, we wear our 7-Eleven shirts everywhere so people are starting to recognize us around town."
The store, located blocks from Redmond High School, fills with students during the lunch rush, and Wallis said he has given one of his student employees Slurpee drink coupons to distribute to students.
"We're trying to promote our business and are looking forward to a big grand-opening celebration January 23," Wallis said. "This is the only 7-Eleven store in town, and we want everyone to know we're here. We're really looking forward to being active members of the Redmond community."
The grand opening will feature food sampling, games and prizes, including a Mongoose mountain bicycle.
Dallas-based 7 Eleven operates, franchises or licenses more than 8,100 7-Eleven stores in North America. Globally, 7-Eleven operates, franchises or licenses close to 37,500 stores in 16 countries. During 2008, 7-Eleven stores worldwide generated total sales of more than $53.7 billion.
(Click here for previous CSP Daily News coverage.)
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