7-Eleven Named One Of Top Starter Franchises
Convenience store chain 7-Eleven Inc. placed third on Forbes Top 20 Franchises to Start, a list of the best business concepts for aspiring entrepreneurs to consider.
“Many people don’t have the stomach to be an entrepreneur,” Robert Bond, publisher of Bond’s Franchising Guides and chief executive of the World Franchising Network (WFN), a franchise database, said in the report. “Franchising isn’t doing it completely on your own. It’s buying initial training and ongoing support to stay abreast of what’s going on.”Forbes and Bond’s compared 400 franchises that require less than $100,000 to open a new location, have been in business for at least five years and are opening new units now. From that group, the top 20 were selected based on a weighted formula.
