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All Florida 7-Eleven stores up for sale

7-Eleven Inc., the convenience store giant, on Wednesday put all 475 of its company-owned stores in Florida — including 88 in the Tampa Bay area — up for sale to franchisees. It's one of the last states in the 5,400-store network being converted to a franchise-only organization. Store managers were offered first rights to acquire their store. The average investment is about $180,000 for the business and inventory but excludes the real estate. Unlike most franchises, which pay a percentage of sales royalties, 7-Eleven splits the profits. 7-Eleven is making the switch to foster more entrepreneurial managers and provide owners closer to their community.

All Florida 7-Eleven stores up for sale 05/21/08 [Last modified: Wednesday, May 21, 2008 7:01pm]
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