Franchisors are both grateful to those who served in the armed forces and also believe veterans make excellent franchisees. To express their appreciation, they often offer discounted franchise fees to military veterans—generally about 10 percent off.
Why do veterans make good franchisees?
Many of the skill sets veterans acquire while in active duty are applicable to running a franchise. Being able to both follow the rules and think on your feet are crucial, since franchisees must follow guidelines closely but also be able to address problems that appear on the fly.
Beyond the franchise
Are you independent and want to run the show yourself? Small business opportunities, which are not franchises, but require a one-time fee with no royalties, are a low-cost way for veterans to become entrepreneurs with a brand name behind them.
Veterans on the rise
Veterans account for 14 percent of all franchise owners, and of the 24 million veterans in the United States, four million of those are small business owners. With discounts offered by numerous franchises, there’s no better time to join the ranks of veteran entrepreneurs.