US Military Veterans Apply Extensive Experience to Franchise Ownership

US Military Veterans Apply Extensive Experience to Franchise Ownership SmallBiztechnology

If you were a US military veteran returning home from service, what would you do with your life? Would you continue working in the military? Or would you find a different career? It turns out that many veterans choose a career that involves owning a franchise or working in a franchise business.

In 2007, there were about 66,000 franchises owned by veterans, which was 14% of all franchises in the United States, according to the Census Bureau and the Small Business Owner survey.

Continually growing numbers

Between 2011 and 2014, those numbers continue to be valid as over 5,600 veterans decided to own a franchise. An additional 200,000 veterans started careers in a franchise during that same time. The International Franchise Association found that franchise ownership works well for veterans because of their training and experience.

Why franchises work for veterans

Military veterans find franchises to be good professional fits because of their leadership. As a franchise owner, veterans get to work with employees, assign and complete tasks, and follow professional models as created by the franchisees. Veterans who own a franchise are able to be their own bosses and work independently, but they still have a support system to help them find success. Owning a franchise often feels like being a part of a team, which also fits nicely with military training.

Popular franchise brands for veterans

Not surprisingly, many veterans choose franchises that focus on skills they learned in the military. In fact, 14 of 120 the Moran Family of Brands automotive repair franchises are owned by vets. The Moran Family of Brands actually offers veterans a discount of $5,000 on their franchise fee if they choose to partner with them.

Another brand that works closely with veterans is AdvantaClean. This franchise provides household services like cleaning up water damage, removing and remediating mold, and cleaning air ducts, too. According to a blog post on AdvantaClean’s website, nearly 15% of their franchises are owned by veterans. The hands-on work and problem-solving at customers’ homes makes AdvantaClean a popular choice with veterans who get to use their skills to help people.

Veterans also like to work in the restaurant business and many have found the Hwy 55 franchise a good choice for them. Like the Moran Family of Businesses, Hwy 55 offers a discount off of franchise fees for veterans. One of the Hwy 55 franchise veteran franchise owners is Kevin Adcock who fought in the Iraq War. He and his wife, Fran, appreciated the support that Hwy 55 offered for them. They were one of the 5,600+ veterans who decided to open a franchise between 2011 and 2014.

Get to know VetFran

Since 1991, military veterans and franchise owners have found support on VetFran, the strategic initiative with the International Franchise Association. This group ensures that veterans have equal access to information and opportunities regarding franchises in the United States. The organization has a network of over 650 brands that provide significant opportunities for veterans. Many offer discounts on franchise fees as well as thorough training and strong mentorship programs for veterans who choose to partner with them.

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