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7-Eleven to trim network by selling 25 stores

Despite their continuous national and international expansion, 7-Eleven has announced the offload of 25 gas stations and convenience stores across 10 U.S. states.



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All of the sites up for sale are operational but no longer fit the company´s business model, with 16 of them including fuel services and nine only convenience goods, reports CSPnet.

“This package contains many high-quality assets that simply do not fit 7-Eleven’s current business model," said Robbie Radant, 7-Eleven Vice President of mergers and acquisitions. "All of these stores should provide good opportunities for the right buyers.”

The convenience giant will be selling the sites without 7-Eleven branding, but those which sell fuel include a 10-year supply deal with subsidiary SEI Fuels Inc.

“These properties are located in major metropolitan areas in many of these states and other prime markets,” said Dennis Ruben, executive managing director of NRC, the company in charge of coordinating the sales.

“This sale provides another great opportunity for others already operating in these markets as well as for those looking to enter them,” he added.

The latest offload of assets will have a minimal impact on their overall U.S. network of 10,300 stores, and even less so in their international network of 52,800 7-Eleven convenience stores, but it signals the direction the company is taking towards the future, moving from traditional convenience to far more extensive and developed services. 

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