START YOUR YOUR OWN GRAND7TH
Convenience stores in the U.S. rake in about $650 billion in total sales each year. Here are some statistics that back up why investing in a Grand 7th franchise is both ideal for your community and your bank account!
In 2017, the accumulated sales of malt beverages, beer, hot dispensed beverages, and frozen dispensed beverages garnered the convenience industry a whopping $30 billion dollars!
- 160 million people visit a convenience store each day in the United States
- Some stores see a 17% surge in profits during the prime traveling window each year.
- Millennials spend 11% of their food and beverage budget each year at their local convenience stores. 87% are more likely to order food at the closest location to their home between the hours of 10pm-2am.
- 95% of the customers who go to their local convenience store to purchase a lottery ticket will also buy at least one other item during their visit. Almost half of all the lottery tickets sold in the United States are through the convenience store industry.
Although the price profile of items at convenience stores are higher than other food and beverage locations, customers do see value in the ease of accessibility. Hot breakfasts, fresh coffee, and alcohol products tend to be the most common items purchased at the typical location. Location is the primary factor for profitability today. Destinations along long-distance highways include restaurants, showers, and other home conveniences which add to their profit margins too. Expect the convenience store industry to keep setting new records in the coming years!
Owning your own Grand 7th is beneficial for everyone involved! Because our innovative concept revolves around utilizing the products and services of our local economy, every Grand 7th location offers a unique experience in convenience! Offering an extensive list of products that reflect the values of the surrounding community bolsters the local economy and invites entrepreneurs to use Grand 7th as a platform for their endeavors!
The biggest advantage of owning a Grand 7th is the flexibility of our concept. Franchisees have the freedom to sublease a space in their store for several different services like mail and storage lockers, food vendors, pharmacies, and electronic cigarette vendors that will attract more customers to your location! Grand 7th can also collaborate with pharmacists and other vendors to sell products that otherwise wouldn’t be possible through a modified storefront.
Operating a Grand 7th is easier than it looks! This is possible through our comprehensive training program composed of 80 hours of classroom and on-the-job training at your new site.
Upon completion, you will be thoroughly vetted on the history of Grand 7th, all of its services, subletting opportunities, how to market your location, bookkeeping, and other day-to-day essentials of running a business. We will also provide you with a personalized consultant to ensure proper business development and long-standing success!
Through collaboration with Franchise Creator - the world’s leading franchise consulting firm - Grand 7th has streamlined the process that places you in a position to begin earning a quick return on your investment. We will assist you in establishing a location, the development of your store, and connect you with reputable vendors in your area. Launching your own Grand 7th is extremely affordable compared to competitors within the industry. Including a one-time franchise fee of $19,900, the total initial investment ranges from $340,300 to $808,000.
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This website and the information contained herein does not constitute the offer or sale of a franchise. There are certain states that require the registration of a FDD before the franchisor can advertise or offer the franchise in that state. This franchise may not be registered in all registration states and may not offer franchises to residents of those states or to persons wishing to locate a franchise in those states until compliance guidelines are met. The offer and sale of a franchise can only be made through the delivery and receipt of a Franchise Disclosure Document (FDD).