WASHINGTON, March 31, 2017 – What do dry cleaners, fast food restaurants, and football teams have in common? They are franchise business, meaning that an entrepreneur has purchased a license to be able to do business as an established business.
As a franchise owner, you have the right to operate under an established name, a fast food restaurant like McDonalds, or a hotel chain, such as Hilton. Franchise owners are not just buying the right to use the name, they are also buying that franchisers secrets to success – a book of instructions, and some rules, you need to follow to act as a franchisee.
Franchise businesses have all the struggles, headaches, and risks of any business, except that with your franchise fee, which can be in the multiple hundreds-of-thousands, you have help, because the parent company wants you to succeed and become one of many franchise millionaires in the U.S. Those parent groups want you to succeed because their royalty fees come off the top.
Unfortunately for many, large franchise fees make ownership goals unattainable.
7-11, one of the U.S. largest franchise operators, has announced their 2017 contests to win a fee-free convenience store franchise worth up to $190,000. As their statistics show that less than 1/3 of all 7-11 franchise owners is female; this year the contest is open to women only.
Qualified women are encouraged to enter the contest and consider becoming an independent business owner with the No. 1 franchise business opportunity, as named in Entrepreneur magazine’s 2017 Franchise 500. One deserving woman will be awarded a 7-Eleven fee-free franchise, a value of up to $190,000.
In addition, 7-Eleven will make a donation to the winning woman’s charity of choice that aligns with its Project A-Game program. Project A-Game grants provide youth a foundation for success by funding programs focused on education, fitness, safety and hunger relief.
The winner can choose any of the company’s 7-Eleven convenience stores available in the continental U.S. at the contest’s culmination. Interested women can enter online at WomensFranchiseGiveaway.com now through 11:59 p.m. CST on April 7, 2017. Winners will be announced in July 2017.
The competition is similar to last years Operation: Take Command® franchise giveaway for U.S. military veterans. Like Operation: Take Command, this multi-phase competition includes meeting company franchising qualifications, preliminary interviews, video contest and a final one-on-one interview with 7-Eleven senior leadership for the top finalists.
“Some of our most successful franchisees across the country are women,” said Larry Hughes, 7-Eleven vice president of franchise systems. “7-Eleven serves a diverse customer base, and the number of women shopping our stores continues to grow. More and more are choosing to become independent business owners, and 7-Eleven offers a proven system and one of the best entrepreneurial opportunities around.”
After meeting qualifications, submitting an essay and talking to 7-Eleven franchise sales representatives, the top 25 candidates will be invited to submit a video on why they deserve a 7-Eleven franchise. Up to seven will be selected from this pool for the semifinal competition. By voting for their favorite videos on the 7-Eleven Facebook page, the public will select three finalists to be interviewed by 7-Eleven’s franchise department management and narrowed to one winner.
This year marks the 53rd year of franchising for the world’s largest convenience store. Today, franchisees operate almost 90 percent of the 7-Eleven stores in the U.S. An interactive map at www.franchise.7-eleven.com indicates stores available for franchising.
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