Battle to Business: 5 Franchise Ownership Options for Vets

No one type of franchise ownership is right for all; rather, it’s an individual fit.

For veterans considering franchising after the military, it’s important to really evaluate their options – how much time they want to invest, financing and capital, and market factors – before jumping into the franchise ownership game.

Becoming a franchisee is incredible rewarding for vets: it provides them with a systems-and-processes, team-driven environment just like in the military, and the opportunity for them to apply their military-honed skills to maximize business success.

Here are the 5 Franchise Ownership Options for Vets:

1. Single Unit. This is the most popular options for new military veterans, as it gives them the experience of owning a single franchise at a low start-up cost. With training provided by the franchisor (and financing options and veteran discounts available), this will allow you to hit the ground running in business as you learn to optimize business operations, sales and marketing, customer service, and more.

2. Existing Franchise. This involves purchasing an already-established franchise location from another franchisee. With this, it’s just like owning a single unit except you know what to expect from the franchise in terms of long-term sales, supply needs, and existing trends.

3. Multi-Unit Franchise. By investing in a multi-unit franchise strategy, you’ll negotiate a deal to open several franchises in a short amount of time. In order to ensure its success, you’ll need to hire top-end managers to optimize each location’s operations, and then delegate, manage, and track key objectives while overseeing all units.

4. Area Developer. Much like a multi-unit agreement – except on a much bigger scale – being an area developer involves opening even more franchise locations, often within a specific geographic area or zone. While this strategy involves a huge amount of start-up capital, it can allow you to penetrate the market quickly, establish the brand in the area, and significantly boost your earnings and success.

5. Master Franchise. A step above area developer, becoming a master franchise owner is like getting the key to oversee a huge amount of franchises while acting as an intermediary between individual franchisees and the franchisor. More specifically, you’ll collect fees from an entire region of franchisees but you won’t be the owner of the individual locations. This will come at a very large fee, however.

To learn more about entrepreneurship through franchising, attend our free monthly webinar, Franchise Ownership as a More Stable Career Path. The webinar is free, but you need to pre-register, which you can do online by clicking on the linked seminar title.

You may also register by calling 866-246-2884.