Franchise News
The recent sale exemplifies the financial potential of the franchise model for franchisees who view their investment as an asset rather than a new, different job.
A recently opened 7-Eleven in Madera, California, has sold for more than $12 million, according to Entrepreneur. The franchised location is 4,644 square feet, and it sits on a more than 4-acre lot. Though it took four years to develop, the 7-Eleven boasts a commercial diesel fuel section and electric vehicle charging stations in addition to the typical amenities. It only began operating in late April.
Madera isn’t a big city. It’s home to fewer than 70,000 people and largely operates as an agricultural town. But now, it’s home to California’s most expensive 7-Eleven.
For franchisees, this paints a clear picture of potential. While many will invest with plans to stay tied to their location for the entirety of the franchise agreement, this isn’t the only option.
Realistically, all franchisees will have to exit their franchise at some point — by choice or not, planned or otherwise. Thinking of the exit path early isn’t inherently bad. It could lead to a smoother exit at the end of your 10 years, or it could lead to a $12 million sale just weeks after opening.
Read the full article here.
Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit www.1851growthclub.com and start your journey.
Sign up for the 1851 Franchise newsletter to get our biggest stories before everyone else
By signing up, you agree to our user agreement (including class action waiver and arbitration provisions), and acknowledge our privacy policy.
