Recent stats show that nearly 25% of the 23.5 million American veterans are eager to hop onto business ownership bandwagon. The good news is that more franchises are looking to bring in more veterans through programs like the Veterans Transition Franchise Initiative (VetFran).
Today, there are more than 400 franchise programs that cater especially to vets. However, not all of them offer discounts and packages that appeal to retired men and women in uniform.
Here are 10 franchises that offer lucrative terms and discounts to veterans.
The UPS Store Franchise
The UPS Store franchise is always at the forefront when it comes to empowering veterans and their families. The postal and communications service franchise has a start-up cost of
between $150,980 and $337, 950. However, the company provides veterans with irresistible incentives that include 75% off the initial application fee and $10,000 off the franchise fee. So far, there are 122 veteran-owned franchises of a total of 4,741.
The Orlando-based consumer electronics repair company is newer to the franchise neighborhood. It’s been franchising since 2013 and has approximately 458 stores across the United States and Canada. It offers prospective business owners a chance to jump on board with a rapidly growing system with a solid cash on cash return on investment. It offers a 20% discount on the initial franchise fee to qualified veterans.
Dunkin’ Donuts Franchise
Dunkin Donuts ranks the best among fast-food peers when it comes to assisting vets to become franchisees. Every interested veteran receives 20% off franchise fee for up to 5 locations. As of this date, there are 30 vet-owned Dunkin Donut stores.
Expedia CruiseShipCenters Franchise
The cruise and travel franchise that has over 30 years of success under its belt, and the franchise model is a great fit for veterans. Veterans can apply their previous experience and dedication by leading and developing a successful team of travel consultants. The Veteran and First responders program offers a 15% discount off the initial franchise fee.
U.S. Lawns Franchise
The commercial landscaping franchise offers honorably discharged veterans a $5,000 discount off the $34,000 franchise fee. U.S. Lawns currently has about 20 veteran owned territories. Many find that this concept works well for veterans who are looking to lead and develop teams, work outdoors and continue the active lifestyle they have established during their military career.
Fresh Coat Franchise
Born out of the simple idea to provide customers with quality painting services from trustworthy and skilled professionals. Fresh Coat painters currently has 130 franchises across the United States. This painting services franchise offers military personnel and veterans a $2,000 discount along with the opportunity to run a business out of their home.
Caring Transitions Franchise
Senior care is a $75 billion industry, and vets are looking to get a slice. This Senior Care franchise ranks in the top 100 franchises under $100,000 and has approximately 20 veteran owned units. Caring Transitions offers a $2,000 discount off the franchise fee to qualifying military personnel and vets.
Outdoor Living Brands
Outdoor Living Brands has a strong reputation for being a perfect entrepreneurial choice after serving in the military. Consisting of five franchise brands including, Renew Crew, Outdoor Lighting Perspectives, and Archadeck. These opportunities allow franchisees to enjoy the great outdoors while they pursue their civilian career. This franchise company is a good match for military vets because of its structure and foundation. Outdoor Living Brands offers 15% off the initial franchise fee for qualifying vets.
There’s a reason FastSigns is a veteran magnet. The signage company offers half off normal franchise fee as well as reduced royalty fee for the first year. It is no wonder 10% of FastSigns franchises are owned by vets.
Matco Tools Franchise
Matco’s founder – Thomas Willis – served in the Army for 2 years. That is why it comes as no surprise that this franchise is pro-veterans in every aspect, from employment to franchising. Its vets discount package includes $5,000 in inventory. There are currently 230 Matco Tools locations owned by vets.
Continue to learn about companies seeking veteran franchise owners by viewing our vets franchises page.