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7-11 offers discounted franchises
| Article published on Tuesday, July 7, 2009 |
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Convenience store retailer 7-Eleven is launching a new military veterans franchise program this month that offers discounted franchise fees to retired or separated veterans of the U.S. Armed Forces who have been honorably discharged from the service.
Qualified veterans who become first-time 7-Eleven franchisees will receive a 10-percent discount on the initial franchise fee for the first 7-Eleven store they franchise. The discount can range from $1,000 up to approximately $35,000, depending on the store.
“This is the first time we have offered a reduction like this in our franchise fees, and I can’t think of a better group to receive this benefit than the men and women who have so selflessly served to protect the freedoms we enjoy in America,” said 7-Eleven president and CEO Joe DePinto. A graduate of the Military Academy at West Point, DePinto served five years as an officer in the U.S. Army.
Retail locations available for franchising are available in 30 states across the U.S. An interactive map at www.franchise.7-eleven.com indicates stores available for franchising.
“The experiences and expertise gained in the military are ideal for succeeding as an independent businessperson,” said Jeff Schenck, senior vice president of national franchising and real estate. “A career in the military fosters leadership, a strong work ethic, teamwork and team-building, and teaches system management skills and how to effectively execute plans.”
Todd Ferguson, a 20-year veteran of 7-Eleven franchising who previously served with the 82nd Airborne of the U.S. Army, salutes the new program.
“The 7-Eleven franchise business is perfect for people coming out of the military,” Ferguson said. “It’s a 24-hour business and something is always happening.”
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Article published on Tuesday, July 7, 2009
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