Oh Thank Heaven! This 7-Eleven Contest Is Giving Away $190K for a Franchise

7-eleven-franchise

Members of the navy at Naval Air Station Oceana in Virginia Seaside, Va. kicked-off “Operation Thank You,” 7-Eleven’s nationwide celebration of Veteran’s Day on November 9, 2011. Stephanie Oberlander/AP Pictures

You’re on the 7-Eleven day by day to get your every day Slurpee repair, so why not personal the place?

With 7-Eleven’s W.E. Take the Lead contest, you may be a step nearer to your dream. The corporate will give one feminine entrepreneur the prize of preliminary franchise charges as much as $190,000.

Win a 7-Eleven franchise and revel in free Slurpees for all times? Signal me up!

However earlier than you begin dreaming about residing the nice life within the snack aisle, try this text that covers the professionals and cons of franchising.

The preliminary software for the 7-Eleven contest is due by Might 7, 2018. It states it’s essential to have wonderful credit score and a ardour for day-to-day 7-Eleven operations.

You additionally should be not less than 21 years outdated and a U.S. citizen or everlasting resident, however you may’t enter should you reside in Hawaii or both of the Dakotas.

(A lot for my “Deadwood” 7-Eleven thought.)

The competition will get much more concerned from there.

In case your preliminary entry is chosen, you’ll undergo 4 progressively tougher rounds of judging, which embrace (however usually are not restricted to) the next:

  • Submitting a monetary historical past proving your creditworthiness
  • Importing a two-minute video about why you should win
  • Interviewing with 7-Eleven executives on-line and in particular person
  • Touring to 7-Eleven’s Retailer Help Heart in Irving, Texas, for coaching

For those who win, you’ll get the $190,000 prize towards your preliminary franchise charge, however you’re liable for any quantity over that.

The corporate notes that preliminary franchise charges vary from $50,000 to $750,000, relying on location.

Upon profitable, you’ll additionally must cowl the down fee of $29,000 plus the prices of stock, provides, licenses and permits. And don’t neglect these native, state and federal taxes in your prize.

You’ll even be liable for all royalties, ongoing franchise charges and operation prices while you open your location.

However you’ll personal your individual enterprise! And it is going to be open 24 hours a day, 7 days per week (that’s required within the contract).

Tiffany Wendeln Connors is a workers author at The Penny Hoarder. She prefers to enter contests which have snacks because the prizes.

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