Military veterans make excellent entrepreneurs, partly because of the discipline and skills they develop in the military, and partly because of their passion for serving others.
If you’re a veteran interested in commercial property, consider one of the 25 franchise opportunities we’re going to discuss in this article. Let’s start!
Why do veterans make great franchisees and small business owners?
Former service reps make great small business owners because they are disciplined, hardworking, and detail-oriented. They are also used to working in team environments and following orders from superiors. These are all great traits for experienced franchisees.
The Franchise Industry in 2022
According to the International Franchise Association (IFA), the franchise industry is a proven business model worth approximately $826.6 billion.
The Small Business Administration (SBA) reports that there are approximately 31.7 million small businesses in the United States, of which approximately 11% are franchises.
Why Veterans Should Consider Franchise Ownership
If you are a veteran looking to start your own business, a franchise is a great option. Here are five reasons why you should start a franchise business:A business model that has proven itself. A franchise is an established business with a proven track record. When you buy a franchise, you are buying a small business that has already been successful, many of which have multiple built-in revenue streams. Turnkey Franchise Systems. Qualified Veterans get help with everything from location selection to expansion to grand opening. This turnkey approach to the franchise system makes it easier for veterans to get their business up and running quickly. Ongoing support. In addition to the initial training and support you receive, most franchisors provide ongoing assistance to their franchisees. This support can be helpful as you grow your business. Brand recognition and marketing. When you buy a franchise, you are buying a brand that is already known and has a loyal customer base. This can give you an edge over the competition, especially when it comes to marketing. Help with financing. The SBA offers several funding programs specifically for veterans. These programs can help you get the financing you need to start your franchise business.
Best franchises for veterans
Veterans have a lot to offer as franchisees. That’s why we’ve put together this list of business vet franchise opportunities. Let’s take a look at these 25 franchises for veterans!
1. Snap-on tools
The first on our list of top franchises is Snap-On Tools. This company offers franchises for an initial investment of between $171,385 and $359,767. They offer incentives for honorably discharged veterans.
2. Mathnasium Learning Centers
Mathnasium offers a math education franchise opportunity with an investment price of less than $150,000, including the initial franchise fee. This is a great opportunity to help children learn math skills that will help them in school and beyond.
3. Always fitness
If you want to enter the fitness industry then this could be a great franchise opportunity for you. Anytime Fitness offers a unique business model that allows you to get started quickly. Your total investment, including the initial franchise fee, would be somewhere in the range of $381,575 to $783,897.
4. BIGGBY Coffee
If you’re interested in opening a coffee shop, BIGGBY might be a good fit. The cost of a new store ranges from $276,000 to $439,000. Qualified Veterans receive a half discount on any initial franchise fees.
5. UPS Store
Opening your own UPS store franchise can cost you more than half a million dollars. This recognizable brand offers special programs for veterans and a veteran discount of $10,000 on the franchise fee for qualifying veterans.
6. Dream Vacations
Do you want to start a travel agency at home? You can get started with this franchise with just $3,500 down. U.S. veterans or military spouses receive a 30% discount on the initial franchise fee.
7. Visiting Angels: Seniors Home Care
If you want to get into the emergency services, the Visiting Angels franchise may be a good option. To get started, you need to invest as much as $130,000.
8. Hue World
This is a great franchise opportunity for veterans who want to start a business in the automotive industry. Your investment will go up to $399,500, with veterans getting a 10% discount on the initial franchise fee.
9. Fast Characters
If you want to enter a growing industry with a proven business model, FastSigns may be for you. The total investment to open one is between $234,317 – $322,489, including the initial franchise fee.
10. Budget Blinds
To open a Budget Blinds franchise, you can expect to invest around $140,533. However, qualified candidates can receive up to $56,000 in financial aid from their in-house funding. In addition, veterans receive a 15% discount on the purchase price.
11. Two men and a truck moving service
Do you like to work with your hands? Two Men and a Truck is a moving company that offers franchises for between $164,000 and $435,600. Veterans and their spouses receive a 10% discount on the $50,000 initial franchise fee.
If you are a technician, this opportunity is for you! To open your business and offer services at a Walmart near you, you must make a total investment of at least $175,000.
13. Sports Clips
This franchise is great for veterans who want to cut men’s hair. To join this award-winning franchise, you’ll need to invest anywhere from $266,300 to $439,500.
More top franchise opportunities for veterans
Here are some more of the best franchises veterans can start.
14. Five Star Painting
This company offers franchises at total investment costs up to $185,000. If you are honorably discharged and qualified for the VetFran program, they will give you a 15% discount on your initial franchise fee.
15. Molly Girl
Cleaning services are always in demand! If you are interested in starting a Molly Maid franchise, your total investment will be between $127,200-184,450. Veterans can get a 15% discount on the initial franchise fee.
16. DreamMaker kitchen and bathroom
This franchise offers a unique opportunity in the kitchen and bathroom renovation industry. Your total investment will range between $209,775 and $396,650 on top of any additional franchise fees. Qualified Veterans receive a 20% discount on the initial franchise fee.
17. Oxi Fresh Carpet Cleaning
Here’s another cleaning franchise that offers an inexpensive investment opportunity. Your total investment for an Oxi Fresh Carpet Cleaning franchise will be as much as $50,000 upon startup.
18. Grease Monkey
Here is an oil change franchise in the ever thriving auto industry. Minimum financial qualifications include a net worth of $450,000 and approximately $150,000 to invest in your franchise.
19. Baskin Robbins
Basking Robbins is one of the most popular ice cream franchises in the world and a nationally recognized brand. But did you know that you can start your own location for as little as $90,000? That’s a nice deal!
20. Pillar to Post
Here’s an opportunity for a low-cost home inspection franchise. Your total investment would be between $44,285 and $54,435. And as a veteran, they also discount your franchise fee.
21. Crunch Fitness
This is a great franchise opportunity for veterans who are passionate about fitness and helping others. However, your initial investment will be between $2,129,500, not including real estate costs.
22. Learning Sylvan
If you’re looking for an inexpensive education franchise opportunity with a company that uses a proven teaching method, Sylvan Learning may be for you. They offer franchises starting at just $85,525. However, one of their requirements says that you must have a minimum of $75,000 in cash yourself, with no bank.
23. Mosquito Joe
Here lies an opportunity in the pest control industry. The total investment for a Mosquito Joe franchise ranges between $109,700-148,700. If you are a veteran who qualifies for the VetFran program, they will discount 15% of your initial franchise amount.
If you want to get into the fast food industry, Checkers is a great option. But keep in mind that you’ll need to invest anywhere from $724,523 to $2,009,400 to get started.
25. Mister Handyman
This is a great opportunity for veterans who are handy around the house. But it’s important to note that you need to invest a minimum of $117,500 to get started. Qualified Veterans receive a 15% discount on their franchise fee.
How to choose the best franchise to start as a veteran
Financial incentives are important, but they are not the only thing to consider when choosing a franchise. Here are four tips to keep in mind to help you choose the best franchise for yourself:
Consider your interests and skills.
What are your passion? What are you good at? Choose a franchise that matches your interests and skills.
The reputation of the franchisor.
Do your research on the franchisor to see what others are saying about them. Look for franchisors with a good reputation.
Your initial investment.
How much money are you willing to invest in your franchise? Be sure to consider the initial investment when choosing a franchise.
What support does the franchisor provide? Make sure to choose a franchisor that offers continuous support.
How many franchises are veteran owned?
If you are a veteran considering starting a business, choosing one of the top franchises on our list is a great option. In the US, more than 66,000 veterans have taken advantage of a franchise opportunity. And the number of Veteran franchisees is growing every year.
With a proven business model, turnkey operations and ongoing support, a franchise can help veterans get their business up and running quickly.
How much does it cost to open a franchise?
The cost of opening Veteran franchises varies widely depending on the specific franchise. Some franchises can be started as little as $10,000, while others require an investment of $5 million or more.
Most franchises fall somewhere in between these two extremes, with startup costs ranging from $100,000 to $300,000. Factors that affect price include industry, location, initial franchise fee, initial application fee, and franchise type.
Are Franchise Businesses Profitable for Veterans?
It depends on the company of course, but in general it does. Owning your own franchise can be a great way to ensure financial stability after your military service ends.
A military veteran has many of the qualities needed to be a successful franchisee, including discipline, organizational skills, and the ability to follow a system.
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This post 25 Veterans Franchises – Small Business Trends was original published at “https://smallbiztrends.com/2022/08/franchises-for-veterans.html”