File Size: 266.58 KB
Page: 1 page
Category: Business and Economy
Share this info:
Short Description: Jan 14, 2011 ... specifically by the franchising industry. In our search we found that the level of support and demand for prospective veteran franchisees ...
Content Inside: FRIDAY, January 14, 2011
Franchise Industry Aggressively Courts Military Veterans
by Rob Bond and Theresa Diederich
50 Top Franchises for Military Veterans
COMPANY AAMCO Allegra Printing & Imaging American Poolplayers Association Anytime Fitness Auntie Anne's Hand-Rolled Soft Pretzels Border Magic / Boulder Designs Budget Blinds Checkers Coffee Beanery CompuChild Coverall Dunkin' Donuts Dwyer Group, The Express Employment Professionals Fantastic Sams Fast-Fix Jewelry & Watch Repairs FASTSIGNS Focus Brands Granite Transformations Grease Monkey International Grout Doctor HomeTask Huddle House Restaurants Jan-Pro Cleaning Systems Kitchen Tune-Up Lenny's Maid Brigade MaidPro Maids, The Mathnasium Meineke Miami Subs Pizza & Grill Money Mailer More Space Place Pak Mail Papa Murphy's Take `N' Bake Pizza Pizza Patron Popeyes Louisiana Kitchen Postal Annex+ Postal Connections Precision Tune Auto Care RadioShack Regis Corporation Rita's Italian Ice Snap-on Tools Spring-Green Lawn Care Tropical Smoothie Cafe TSS Photography Valpak VR Business Sales / Mergers & Acquisitions www.AAMCOTransmissions.com www.AllegraNetwork.com www.PoolPlayers.com www.AnytimeFitness.com www.AuntieAnnes.com www.BorderMagic.com www.BudgetBlinds.com www.Checkers.com www.CoffeeBeanery.com www.CompuChild.com www.Coverall.com www.dunkinfranchising.com www.DwyerGroup.com www.ExpressPros.com www.FantasticSamsFranchises.com www.FastFixFranchise.com www.FASTSIGNS.com www.FocusBrands.com www.GraniteTransformations.com www.GreaseMonkeyIntl.com www.GroutDoctor.com www.HomeTask.com www.HuddleHouse.com www.Jan-Pro.com www.KitchenTuneUp.com www.Lennys.com www.MaidBrigade.com www.MaidPro.com www.TheMaidsFranchise.com www.Mathnasium.com www.MeinekeFranchise.com www.MiamiSubs.com www.MoneyMailer.com www.MoreSpacePlace.com www.PakMail.com www.PapaMurphysFranchise.com www.PizzaPatron.com www.PopeyesFranchising.com www.PostalAnnex.com www.PostalConnections.com www.PrecisionTune.com www.RadioShackCorporation.com www.RegisFranchise.com www.RitasIce.com www.SnapOnFranchise.com www.SpringGreenFranchise.com www.TropicalSmoothieCafe.com www.TSSPhotography.com www.ValpakFranchising.com www.VRBB.com
Given the unimaginable sacrifices that US servicemen and women make on a daily basis, it is extremely gratifying to see their efforts appreciFranchising ated and acknowledged not only by the public in general, but specifically by the franchising industry. In our search we found that the level of support and demand for prospective veteran franchisees continues to grow, both in numbers and benefits offered. In a noticeable change from last year's survey, franchisors are offering an enticing mix of benefits to veterans. Such benefits include sizeable and meaningful reductions in the franchise fee (Fast-Fix and FASTSIGNS offer a 50%/40% discount, respectively) as well as considerable additional incentives; Granite Transformations not only offers a 50% discount, but they will also finance the remaining portion over 12 months; Popeyes Louisiana Chicken not only waives the entire $30,000 franchise fee, but also offers a 3% royalty reduction for the first year. Kitchen Tune-Up waives the entire initial investment of $40,000; Maid Brigade offers a 45% discount on the franchise fee, territory fee and equipment package for a total savings of $27,900. Further incentives include a waiving or reducing the royalties over a period of years, financing the reduced franchise fee over several years, and granting allowances and credits toward the purchase of equipment and initial inventory. One of the best indicators of a company's real commitment is the number of veteran franchisees currently in its system and among the ranks of senior management. With veterans comprising 18% of its franchisees and 33% of its senior management, Anytime Fitness has clearly a demonstrable company to veterans. Undoubtedly, the vast talents brought to the table by veterans significantly influence this courting process. Focus, maturity, working under pressure, high levels of responsibility and the ability to follow a system are qualities found in today's military veterans. For their part, however, veterans should not focus entirely on the short-term financial inducements offered by franchisors. While they will certainly be a key determinant in the final decision, in-depth due diligence is absolutely crucial for success in the long-term. Be prepared to spend months evaluating every aspect of all franchise opportunities that provide a good fit for you. For a more detailed explanation of incentives offered, please visit www.Franchises4Vets.com. The site includes over 320+ franchisors who are offering special programs focused solely on attracting veterans.