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DALLAS -- This month, 7-Eleven is launching a new military veterans franchise program that offers discounted franchise fees to retired or separated veterans of the U.S. Armed Forces who have been honorably discharged from the service, the company reported.
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. This discount can range from $1,000 up to approximately $35,000, depending on the store, according to a company press release.
"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 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."
7-Eleven has military veterans serving in every level of the company from top management to field staff and store associates. With a growing number of veterans facing a difficult job market, veteran entrepreneurship offers an opportunity to start a successful business in which retired service personnel can use their skills to control their financial destiny, according to the company.
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