Talk on the Street
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Top 5 Franchise Brands for Veterans
It is widely known that veterans make for some of the best franchise owners. The skills and experience they have developed throughout their time in the military lends veterans towards being great business owners within the franchising industry. In particular, veterans bring to a franchise business an excellent ability to build team, manage and prioritize effectively, lead clearly and they have a great desire to serve others.
Derek Cafferata, CEO and President of franchise experts All State Franchise Finders, works with many veterans who are looking to get into business after their time in the military.
“Some franchises look to actively seek to recruit veterans as franchisees,” says Derek. “It is these franchises that see the value and effectiveness that veterans offer in business, and these franchises have some great incentives specifically with veterans in mind.”
Here are the top 5 franchise brands for veterans:
1. The UPS Store
One of the largest and most respected franchise companies in the United States, The UPS Store has more than 40 years’ experience in franchising with over 5,000 locations throughout the US. While The UPS Store requires significant initial investment, up to $500,000, it is a widely recognised and highly respected brand. For those looking to expand in business, The UPS Store encourages multi-unit investment. Qualified veterans qualify for a $10,000 reduction off the initial franchise fee.
2. Snap-On Tools
Established in 1920, Snap-On Tools has been franchising for more than 30 years. Snap-On Tools develop and manufacture high quality tools. An initial investment of around $175,000 to $400,000 and proof of net worth and liquid capital.
Snap-On Tools actively seeks to recruit veterans through offering various financial incentives. They also offer a unique program, called The Honor Flight Program, which sends Snap-On Tools veterans from across the US to Washington D.C. to visit veteran memorials. Since The Honor Flight Program started, over 700 veteran franchisees and their families have had the opportunity to take part.
3. Biggby Coffee
Qualified veterans receive a 50 percent discount on initial franchise fees for a Biggby Coffee franchise. Biggby Coffee is one of the fastest-growing coffee franchises in the U.S. In 2017 Biggby Coffee were named top franchise for veterans by the Franchise Business Review. A great training program, excellent ongoing support are key aspects of what make Biggby Coffee an attractive franchise.
4. Tropical Smoothie Cafe
The Tropical Smoothie Café is a fast-growing franchise that offers real fruit smoothies, salad bowls, sandwiches and wraps. Initial franchise fee is approximately $30,000, with an initial franchise investment of between $280,000 and $580,000. For veterans, a 50 percent discount off the initial franchise fee is available, as well as a $5,000 discount for each additional unit.
The world’s leading convenience store, 7-Eleven is one of the top franchise brands for veterans. Their training and ongoing support is highly respected, and franchisees rate the company for franchisee satisfaction.
The company offers up to 20 percent discount off their initial franchise fee as well as up to 65 percent special financing.
All State Franchise Finders – the Franchise Experts
With more than 30 years’ experience in the franchising industry All State Franchise Finders is the country’s leading franchise experts. Derek Cafferata leads an award-winning, experienced and knowledgeable team who have helped many veterans achieve their goal of becoming a franchise owner.
For more information, call 1-800-544-2161 or visit allstateff.com today. ALLSTATEFF.COM – your award-winning franchise experts.