7-Eleven showing franchise strength

Jessica SarterFranchise Finance

As one of the top 10 fastest growing franchises in the U.S. as named by Entrepreneur Magazine, 7-Eleven is making headway in revamping its inventory process, introducing targeted products and expanding its physical operations.

The convenience store chain is the most widely recognized according to an EquiTrend study and as such the company is seeing some of its locations grow. In Florida, The Sun Sentinel reported that 7-Eleven will be building 15 stores by the end of the year and an additional 25 in 2013. On top of that, the chain grabbed up 183 Exxon Mobil locations in the Sunshine State and converted many to convenience chain locations since their acquisition in 2010. Franchisees looking to get franchise loans to help build up their current locations should try an online marketplace like Boefly to get connected with lenders interested in helping them grow.

Other services are expanding within the chain as well. A new inventory system was rolled out in California, according to the Sacramento Bee. This electronic system featured in 1,600 Californian 7-Eleven locations helps prevent sales of items like tobacco and alcohol products to underage individuals by providing ID card scanners. The company intends to have the product become a nationwide staple by summer. If you need a convenience store loan to help update your location’s technology, now may be the time to seek one out in order to stay competitive.

7-Eleven is also trying to stay in the game by being mindful of consumer trends. In a move to appeal to more health-conscious Americans, this summer’s line of Slurpee drinks will feature low-calorie and sugar-free options, a move the company hopes those on dietary restrictions, either self-imposed or from health problems, will now be able to purchase the beverage.