According to the International Franchise Association (IFA), one out of every seven franchises in the United States is owned by a veteran. Many franchisors recognize the fact that veterans typically make great franchise owners and salute them by offering special incentives for buying into their system.
If you've served in the military, thank you for your service. And if you find yourself looking to make a change, a veteran-friendly franchise can get you marching towards business ownership today.
See All Franchises for VetsSince 2011, over 6,500 veterans have become franchise business owners
SOURCE: VetFran
More than 650 franchise systems offer serious financial incentives to veterans
SOURCE: VetFran
Over 238,000 veterans and military spouses work in the franchising as employees or franchisees
SOURCE: VetFran
SOURCE:
VetFran
SOURCE:
VetFran
SOURCE:
VetFran
Vet-friendly franchise businesses exist in just about every industry and investment range, typically starting at just $20,000. Opportunities for vets range from home services and retail to fitness, IT and more. As a veteran, you're sure to find a business that fits your interest and skills.
We recommend that you check out our Franchising F.A.Q. before getting started!
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There are many franchisors who offer special incentives, including discounts on franchisee fees and other costs, as well as training for veterans and their spouses. Because veterans understand the importance of following protocol, their skills align well with franchise ownership.
A diverse set of franchise opportunities are available to those who have served in the military and are now looking to build a new career. Consider some of the most popular veteran’s franchise opportunities listed below:
If you are a veteran in possession of specific talents that allow you to complete tasks around the house, opening a home services franchise would be a natural fit. You’d have the opportunity to directly work with homeowners in many cases, helping them to solve problems either inside or outside the home. This is a market with massive potential, as it is estimated that the home services industry is worth more than 100 billion annually in the U.S.
The skills required to operate a successful retail store fit nicely with skills you may have developed in the military. Working together with others, making quick decisions, and handling pressure are all abilities that will benefit a retail franchise owner. The possibilities are endless in this category, so consider picking a retail franchise in a niche that is of personal interest to you.
Fitness and the military go hand in hand. If you are passionate about fitness and would like to share that passion with others, there are plenty of franchise opportunities in this space. Good health is something that never goes out of style, so this market is likely to remain strong well into the future.
For the veteran who has developed strong computer skills while in the service, an IT franchise would make for a nice transition. Technology plays a bigger role in daily life than ever before, and individuals and businesses alike need help managing all of their tech. Given the massive scale of this market—in the hundreds of billions annually in the U.S. alone—playing even a small role in your local area can become a lucrative business venture.
