Grand 7th
Convenience stores and pharmacies- 2023 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
$340K - $808K
- Units as of 2019
-
4 33.3% over 3 years
Company Overview
About Grand 7th
Industry | Retail |
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Related Categories | Convenience Stores |
Founded | 1995 |
Leadership | Firas Hussain, CEO |
Corporate Address | 3135 Grand Ave. Miami, FL 33133 |
Business Overview
Franchising Since | 2018(5 years) |
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# of employees at HQ | 10 |
# of Units | 4(as of 2019) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Grand 7th franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee |
$19,900 |
---|---|
Initial Investment |
$340,300 - $808,000 |
Royalty Fee |
4.75-4% |
Ad Royalty Fee |
0.5% |
Term of Agreement |
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Grand 7th has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 40 hours |
---|---|
Classroom Training | 40 hours |
Ongoing Support |
Meetings & Conventions
Grand Opening
Security & Safety Procedures
|
Marketing Support |
Ad Templates
National Media
Regional Advertising
Social Media
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit? |
No |
Can this franchise be run part time? |
No |
Are exclusive territories available? |
Yes |
Interested in ownership opportunities like Grand 7th? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
比较大7日登陆的地方this year's Franchise 500 Ranking versus previous years.
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