Why Veterans Make Good Franchise Owners

The training and skills learned in our military service branches give veterans an advantage when it comes to entrepreneurship. Once veterans transition back to civilian life, they already have the transferrable knowledge that makes franchise ownership an ideal choice. Discipline, leadership, teamwork, motivation, and accomplishing a well-defined objective are the hallmarks of good franchise owners, but the greatest asset is the ability to follow a set of defined procedures while following a proven business model.

Did You Know?

  • U.S. veterans make up only 7% of the population, but the percentage of franchise owners who are veterans is double that- 14%
  • 65% of franchisors report that their rate of awarding franchises to vets has increased in recent years
  • 99% of franchisors believe veterans are a good fit for ownership
  • 97% of veterans are rated “excellent” franchisees
  • 70% of franchisors have a veteran franchisee or employee in their systems
  • Veterans who choose the entrepreneurial path are often referred to as “Vetrepreneurs”

Source: VetFran.org

Our FranNet Process

We make it easy for veterans to explore franchise ownership. There are seven steps in the process that begins with establishing your Entrepreneur Readiness Profile:
  1. Entrepreneur Readiness Profile
    • Find out your Entrepreneur Readiness Profile to evaluate your business owner profile, including a personality analysis and an investment range determination. From here, our algorithm can help determine what franchise options in your local market may be best able to meet your goals.
  2. Profile Review
    • Once you have your Entrepreneur Readiness Profile results, you may request a free no obligation review session with your local franchise consultant. During this meeting, you can gain more insight into what franchise opportunities may be best for your goals.
  3. Franchise Options
    • After the review of your Entrepreneur Readiness Profile, we work with you to determine what local options may be worth exploring. Your local consultant will present you with a number of options and depending on which ones you are interested in, your consultant will make an introduction.
  4. Speak With Franchise Companies
    • We will help facilitate those introductions and coach you on the due diligence process, providing guidance on questions to ask, how to understand Franchise Disclosure Documents, and tools on how to rank the franchise opportunities for yourself.
  5. Speak With Local Franchise Owners
    • Once you’ve learned more about each franchise opportunity that you are interested in, you will be able to speak with active franchisee’s in their respective organizations in order to validate the business, support, and success of each.
  6. Discovery Day
    • Prior to making a formal commitment to a franchise opportunity, you will attend a Discovery Day, usually on-site at the corporate headquarters of the specific franchise you’re interested in. This Discovery Day is a great opportunity for you to meet the top management team, see their operational facility and learn more about the day-to-day life of owning a business under their brand.
  7. Decision Time
    • Once you return from a discovery day, you’ll be in a position to decide if that franchise is the right fit for you. If it is, we’ll provide the necessary referrals to franchise attorneys, accountants, and funding partners to help complete your franchise due diligence. From there, it is your choice to sign the final franchise agreement and become a franchisee.
A FranNet consultant that works and lives in your area is standing by to provide our services at no-cost and no-obligation to you. Find out who your representative is by visiting the FranNet Consultant Directory.

Our FranNet Process

We make it easy for veterans to explore franchise ownership. There are seven steps in the process that begins with establishing your Entrepreneur Readiness Profile:
  • Readiness Profile

    Complete your Entrepreneur Readiness Profile to determine which types of businesses are best suited for you. This process includes a personality analysis and an investment range determination. From here, our algorithm can help determine what franchise options in your local market may be best able to meet your goals.

  • Profile Review

    Once you have your Entrepreneur Readiness Profile set up, you may request a free no obligation review session with your local franchise consultant. During this meeting, you can gain more insight into what franchise opportunities may be best for your goals.

  • Franchise Options

    After the review of your Readiness Profile, we work with you to determine what local options may be worth exploring. Your local consultant will present you with a number of options and depending on which ones you are interested in, your consultant will make an introduction.

  • Speak With Franchise Companies

    We will help facilitate those introductions and coach you on the due diligence process, providing guidance on questions to ask, how to understand Franchise Disclosure Documents, and tools on how to rank the franchise opportunities for yourself.

  • Speak With Local Franchise Owners

    Once you've learned more about each franchise opportunity that you are interested in, you will be able to speak with active franchisee's in their respective organizations in order to validate the business, support, and success of each.

  • Discovery Day

    Prior to making a formal commitment to a franchise opportunity, you will attend a Discovery Day, usually on-site at the corporate headquarters of the specific franchise you're interested in. This Discovery Day is a great opportunity for you to meet the top management team, see their operational facility and learn more about the day-to-day life of owning a business under their brand.

  • Decision Time

    Once you return from a discovery day, you'll be in a position to decide if that franchise is the right fit for you. If it is, we'll provide the necessary referrals to franchise attorneys, accountants, and funding partners to help complete your franchise due diligence. From there, it is your choice to sign the final franchise agreement and become a franchisee.

5. Franchise Validations

Once you've learned more about each franchise opportunity that you are interested in, you will be able to speak with active franchisee's in their respective organizations in order to validate the business, support, and success of each.

A FranNet consultant that works and lives in your area is standing by to provide our services at no-cost and no-obligation to you. Find out who your representative is by visiting the FranNet Consultant Directory.

Funding Options Just For Vets

Nearly all franchisors and funding sources include special programs, discounts, and options just for U.S. veterans. To view the full list or search for franchises that offer discounted fees, visit the directory provided by VetFran, a strategic nonprofit partner of the International Franchise Association (IFA) that specializes in facilitating franchise ownership for veterans.

Events

“Is Entrepreneurship The Next Step In Your Career?” Seminar


Did you know 99% of franchisors believe veterans are a good fit for ownership?

The training and skills learned in our military service branches give veterans an advantage when it comes to entrepreneurship. Once veterans transition back to civilian life, they already have the transferable knowledge that makes franchise ownership an ideal choice.

Discipline, leadership, teamwork, motivation, and accomplishing a well-defined objective are the hallmarks of good franchise owners, but the greatest asset is the ability to follow a set of defined procedures while following a proven business model.

In this FREE one-hour webinar, you’ll learn just how much the business opportunity landscape has changed in the past 18 months of living under a global pandemic. Our hosts will discuss several specific business ownership opportunities, for all levels of ownership investment and commitment.

A FranNet consultant that works and lives in your area is standing by to provide our services at no-cost and no-obligation to you if you like what you hear!

*Can’t make it? Register anyway and we’ll send you a link to the full presentation!

Register Now

Franchising for Veterans Resources

Wallet Wednesday: Veteran franchise business owners

Experts say having all that military experience makes for prime candidates when it comes to owning a business. Veteran Jonathan Bossie, owner of Portland’s Junkluggers, and Blair Nicol, owner of FranNet Pacific Northwest, joined AM Extra on Friday to dive into more details.

Watch Video

Here are some helpful links for veterans considering business ownership through franchising:

VetFran
Warrior Rising
Vet to CEO
Small Business Association (SBA) Veteran Loans

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