Modern civilization has come to rely on convenience stores for quick and simple access to daily necessities including food, beverages, and toiletries. It can be difficult to decide which convenience shop is the biggest because there are thousands of them operating in various regions of the world. However, Statista reports that 7-Eleven is the world’s biggest network of convenience stores, with over 70,000 locations across 18 nations, including the United States, Japan, and Thailand.
Currently headquartered in Irving, Texas, 7-Eleven was first established in Dallas, Texas, in 1927. With more than 55,000 franchise outlets throughout the world, the company largely works as a franchise. Each location is independently owned and run, with the main firm providing resources and support to make sure each franchise is running smoothly. 7-Eleven provides a variety of services in addition to its primary product line, including bill payment, money orders, and mobile phone top-ups.
The cost of owning a McDonald’s franchise varies depending on a number of criteria, including location, size, and restaurant type. The overall investment cost for a new restaurant, according to McDonald’s, is between $1 million and $2.3 million. This covers, among other things, the price of building, furniture, and equipment. Franchisees must, however, possess a minimum of $500,000 in personal assets that are not borrowed in order to be eligible for a franchise.
Another well-known fast-food chain is Chick-fil-A, which is renowned for its chicken sandwiches and waffle fries. In contrast to the majority of fast-food companies, Chick-fil-A has a closed franchise structure, which means that it selects its franchisees and does not provide open franchise opportunities. Chick-fil-A franchise owners can make an average of $200,000 to $250,000 year, with some making even more, according to reports.
An international network of cafes serving coffee and baked products is now simply known as Dunkin’. Over 13,000 restaurants operated by the 1950-founded corporation are located in 41 different nations. The cost of operating a Dunkin’ franchise, like that of McDonald’s, varies depending on a number of factors. The entire investment cost for a new restaurant, according to the firm, could be anywhere between $228,620 to $1.7 million.
The last fast food chain is called Angel’s Burger, and it has its roots in the Philippines. The business provides a selection of burgers, sandwiches, and other quick meals. An Angel’s Burger franchise can be purchased for between PHP 250,000 and PHP 500,000 (about $5,000 to $10,000), according to reports. Franchisees must, however, possess a minimum of PHP 1 million (about $20,000) in non-borrowed personal assets in order to be eligible for a franchise.
With more than 70,000 locations in 18 countries, 7-Eleven is the largest convenience store chain globally. Several variables, including location, size, and type of restaurant, affect how much it costs to own a fast-food franchise. While franchising can be a successful business, it involves a substantial investment and a lot of effort.