7-Eleven selling Charlotte franchises

Months after buying 55 Sam's Mart locations in and around Charlotte, 7-Eleven is converting many of them to franchises and selling them to local owners as 7-Eleven stores.

The retailer said it has sold three of the 55 stores, which reopened as 7-Elevens, to local franchisees. The January deal, for an undisclosed price, brought 7-Eleven back to the Charlotte market 24 years after the  convenience store operator left.

About 5,000 of the company's U.S. stores are operated by franchisees. One of those new franchisees in Charlotte is Bob Powers, who took over the store at 7740 Bruton Smith Boulevard on Oct. 8. Powers plans to buy two more 7-Eleven franchises this year, the company said.

"We expect our inventory of available stores to move quickly," said Doug Doyle, the company's manager in the Charlotte region. The company requires seven weeks of training for franchisees at an existing location, and provides support with functions such as payroll.

If you're interested in becoming a 7-Eleven franchisee, you can sign up for an informational seminar at the Embassy Suites in Concord here. The company is holding monthly meetings.

Bob Powers, courtesy 7-Eleven
And lest you think Slurpees, Big Gulps, and those hot dogs which will forever remind me of late nights in college are cheap, remember this: 7-Eleven has 48,000 stores globally, and generated more than $76 billion worth of sales last year. 7-Eleven said it plans to continue growing through franchises, acquisitions, and a program under which existing businesses can covert to 7-Elevens.