7-Eleven: Veterans, Grab your dream: Deadline is Sunday to win a franchise

The application deadline is rapidly approaching in 7-Eleven's "Operation Take Command" contest, in which one veteran will receive a 7-Eleven franchise.

You must complete your application by 11:59 p.m. Central Standard Time this Sunday, Jan. 25, to be eligible. More than 1,200 vets had submitted a contest application as of earlier this month.

According to 7-Eleven: "The winner will receive a waiver of the franchise fee, valued at up to $190,000, to franchise any of the company's 7-Eleven convenience stores available in the continental U.S. at the contest's culmination. Interested veterans, who are first-time 7-Eleven franchise applicants, can enter online at www.VeteransFranchiseGiveaway.com through Jan. 25." The winner will be announced in April.

"The Operation: Take Command franchise giveaway is a multi-phased competition that includes meeting 7-Eleven's franchising qualifications, interviews, a Facebook video contest among the 10 preliminary finalists and an interview with 7-Eleven President and CEO Joe DePinto for the three finalists.

"To qualify for the contest, an entrant must be age 21 or older, a U.S. citizen or permanent resident, an honorably discharged veteran, have excellent credit and at least three years of leadership, retail or restaurant experience. Contestants will go through the same qualification process as all 7-Eleven franchise applicants including interviews, credit evaluation, a leadership test, preparing a business plan and budget, and location preferences." 7-Eleven put together an info graphic about veterans in franchising. Their highlights include: $1.2 trillion is generated annually by veteran-owned businesses. (Census Bureau) In the past 4 years, more than 203,000 new veterans and military spouses have started franchising careers. (International Franchise Association, IFA) In the past year, 50,000-plus veterans have found employment in the franchise industry. (IFA's Veterans in Franchising Report) Military Times selected 7-Eleven among its 2014-15 Best for Vets: Franchises.

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