Do Veterans Make Good Franchisees?
Military veterans often possess skills that make them ideal business owners and franchisees. In fact, one in every eight franchises in the U.S. is owned by a military veteran. And franchising is one of the fastest and easiest ways for veterans to segue from military service or retirement to business ownership.
Do Research to Find Veteran-Friendly Brands
If you’re a veteran interested in purchasing a franchise business, the Internet is a great place to begin your research. Look for testimonials from veterans who have had good experiences with the franchise brands that interest you, and consider factors like franchise cost, ROI, training and support, and the kind of lifestyle you’ll have with each type of industry.
There are several highly regarded organizations that rank the best franchises specifically for veterans so these are a good place to begin your search. Franchise Business Review (FBR) is an independent market research firm that specializes in benchmarking franchisee satisfaction exclusively on ratings and reviews from franchise owners. Every year, it publishes a list called the Top Franchises for Veterans. For 2019, MaidPro was first on that list in the Cleaning & Maintenance Category and fourth overall, out of 80 franchisors named on the list.
Entrepreneur also publishes a Top Franchises for Veterans Ranking each year, which includes the top 150 franchises that offer incentives and other programs to assist veterans in becoming successful franchise business owners.
Look for Brands that Offer Veteran Discounts
Some franchise brands like MaidPro offer discounts to military veterans interested in becoming franchisees to thank them for their military service and to make their pathway to business ownership a little easier.
MaidPro discounted franchise package for U.S. military veterans is valued at $15,000.
The package includes a $3,000 discount on the initial franchise fee; $100 invoice credit each month for the life of the 10-year agreement; direct financing or financial assistance enabling veterans to start with little up-front capital.
Want to learn more about the MaidPro brand and what we offer veterans? We’d love to speak to you.