7-Eleven is giving away $190K toward owning your own franchise

Agents From Immigration And Customs Enforcement Agency Target About 100 7-Eleven Stores In Employment Of Undocumented Raids
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Ladies, have you ever dreamed of being your own boss? How about opening your own business? If so, 7-Eleven may have just the opportunity for you, as part of a once-in-a-lifetime giveaway.

The convenience store chain is having a contest, called W.E. Take the Lead, that will give one female entrepreneur a chance to win her own 7-Eleven franchise. That awesome prize comes in the form of $190,000 for initial startup fees … and unlimited Slurpees—we hope!

First off, a few rules before you fill out your entry: you can’t enter the contest if you already own a 7-Eleven or work at one (or someone in your family does). The contest is also void if you live in North Dakota, South Dakota or Hawaii and if you’re under 21 years old.

It should also be noted that you will be required to make a down payment of approximately $29,000 and other initial and ongoing fees and taxes for the store if you win. You’ll also have to pay extra franchise fees if the store you choose is more than $190,000. So, be sure you have some cash saved up if you’re wanting to win. All the rules are posted on 7-Eleven’s website.

Getty Images | Scott Olson

If you’re up for it, here’s how to enter the contest:

First, fill out the entry form at 7-Eleven’s website and complete the application that the company will send to your email address, by May 7. After that, the contest gets a bit more complicated.

After the initial application, 25 women will be chosen to make a video explaining why they want to win. From there, four women will go through two more rounds of judging that include running the corporate 7-Eleven store in Irving, Texas for one weekend. That will be filmed and used in phase 3 of the contest where America will vote for their favorite contestant after watching a highlight video. These votes will determine three finalists who move on to the fourth and final round.

The three finalists will then have an interview with 7-Eleven President and CEO Joe DePinto. Based on the interview, one woman will win. The winner will be contacted on or around Oct. 15, 2018.

So, as you can see, it’s a pretty arduous process—but it could lead to a life-changing opportunity.

Getty Images | Scott Olson

So, is all that worth the payoff of potentially owning and operating your own business?

[h/t: The Penny Hoarder]

About the Author

Kaitlin Gates

Kaitlin is a freelance multimedia journalist with a degree in journalism and psychology. Along with Don't Waste Your Money, she also writes for Simplemost, where she covers new product and food launches and overall general news. You can email her at kaitlingateswrites@gmail.com or find her on Facebook at Facebook.com/KaitlinGatesWrites. More.

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