Best Veteran Franchising Opportunities – Franchises For Veterans
Below are some of these veteran franchise opportunities; this article will concentrate on available franchise opportunities that can be taken advantage of by veterans. They are either created specifically for military veterans, or heavily favor veterans in honor of their service to America.
Vet Franchise For Sale: Best Value Veteran-Friendly Franchises
Founded in 1979, with its corporate headquarters located in Stow, Ohio, the Matco tools franchise specializes in provision of mechanic’s tools and equipment. With Timothy Gilmore as its CEO, and Fortive Corp. as its parent company, Matco Tools started franchising 1993.
Financial Requirements for Matco Tools Franchise
The financial requirement for buying a Matco Tools franchise includes the following; an Initial Investment fee of $89,229 to $267,810, a Net-Worth requirement of $30,000 and a Liquid Cash requirement of $30,000.
Matco Tools Franchise Ongoing Fees
Franchisees are to pay the following ongoing fees to the franchisor. This includes an Initial Franchise free of $6,000.
Matco Tools Franchise Training and Support
Training is compulsory to all franchisees and their managers, in the event that they will not be personally supervising their franchisees. The training period spans a period of 9 days training at the corporate headquarters and an 11 day on-site training period. Support includes security, newsletter releases, a toll free line among other supports provided.
Financing Options/Veteran Incentives
The financing options available to franchisees includes an in-house financing arrangement that provides financing to cover areas like accounts receivable, startup costs and franchise fee.
Another financing option includes a third-party relationship the franchisor has with financing sources that provide financing covering startup costs, inventory, accounts receivable, and the franchise fee. Veterans are given $10,000 in inventory.
How to Open Matco Tools Franchise?
Simply fill the online application form in the franchise section of the franchisors website and submit. The information supplied will be screened. If the application wins the franchisors approval, the applicant is contacted for further business deliberations.
With specialization in doughnuts, coffee and baked goods services, Dunkin’ Doughnuts was founded in 1950 by Bill Rosenberg with Dunkin Brands as its parent company. Located in Canton, Massachusetts, this franchise has Nigel Travis as its CEO, and started franchising in 1955.
Dunkin’ Doughnuts Franchise Financial Requirements
The financial requirements to buy a Dunkin’ Doughnuts franchise consists of an Initial Investment of $228,621 to $1,692,314, a Net-Worth requirement of $250,000 and a Liquid Cash requirement of $125,000.
Dunkin’ Doughnuts Franchise Ongoing Fees
The ongoing fee to be paid to this franchisor includes an Initial Franchise fee of $40,000 to $90,000, an Ongoing Royalty fee of 5.9% and an Ad Royalty fee of 2 to 6%.
Dunkin’ Doughnuts Franchise Training and Support
A mandatory training covering a 30 day period is provided to all franchisees. Franchisees also include support which includes a periodic newsletter releases, a toll-free line, meetings, field operations, internet security etc.
This sees a huge discount of 20% off the franchise fee for the first five traditional restaurants.
How to Open Dunkin’ Doughnuts Franchise?
To join this veteran franchise opportunity, indicate your interest by filling the online franchise form. The information supplied will be screened to ensure that the applicant has the capacity to own this franchise. If qualified, the franchise candidate will be contacted for further discussions.
The Dream Vacations franchise was founded in 1991 and began franchising a year later. This franchise has its corporate address at Fort Lauderdale in Florida, and its CEO as Brad Tolking. Dream Vacations franchise has World Travel Holdings as its parent company.
The financial requirement to be met for ownership of this franchise opportunity includes an Initial Investment within the range of $3,245 to $21,850.
Dream Vacations Franchise Ongoing Fees
All Dream Vacations franchisees are required to pay the following ongoing fees; an Initial Franchise fee ranging from $495 to $9,800, an Ongoing Royalty fee of 1 to 3% and an Ad Royalty fee of up to $1K per year.
Dream Vacations Franchise Training and Support
Dream vacation franchisees benefit from a period of mandatory training lasting a period of 6 days at the franchisors headquarters. Support covers areas like periodic newsletter releases, a toll-free line, internet services, security grand opening and field operations.
Dream Vacations Franchise Financing Options
There are two financing options that franchisees can benefit from. The first is an in-house financing arrangement that covers the franchise fee. The second financing option is the third-party relationship the franchisor has with financing sources that provide financing to cover the franchise fee and startup cost.
Veteran Incentives Program
Veterans benefit from a whopping 20 to 40% discount off the franchise fee. There is also a waiver of 50% for first veteran/military spouse associate.
How to Open Dream Vacations Franchise?
To join this franchise opportunity, first register your interest at the franchisors website by filling an online application form available on the website of the franchisor. The contents are screened to check for qualification. If qualified, the applicant is contacted for further investment discussions.
- Meineke Car Care Centres
Providing services in auto repair and maintenance, this veteran franchise opportunity was founded by Sam Meineke in 1972 with Jonathan Fitzpatrick as its current CEO. With corporate headquarters located in Charlotte, North Carolina, it started franchising the same year it was founded and has Driven Brands Inc. as its parent company.
Meineke Car Care Centres Financial Requirements
The financial requirements to own a Meineke franchise includes an Initial Investment starting from $123,121 to $573,412, a Net-Worth requirement of $250,000 and a Liquid Cash requirement to the tune of $110,000.
Meineke Car Care Centres Ongoing Fees
The ongoing fee to be paid to the franchisor includes an Initial Franchise fee of $35,000, an Ongoing Royalty fee of 5% and an Ad Royalty fee of 8%.
Meineke Car Care Centres Training and Support
Training is compulsory to both franchisees and their managers. The training period covers a period of 2 weeks at the corporate headquarters and 5 day on-site training. Support covers areas such as a periodically published newsletter, a toll-free line, internet services, meetings, grand opening among other support services provided by the franchisor.
Financing Option/Veteran Incentives
The financing option enjoyed by franchisees includes a third-party relationship Meineke franchise maintains with its finance sources that provide financing covering inventory, equipment and startup cost. Veterans enjoy a huge 50% discount off royalty fees for the first 6 months.
How to Open Meineke Car Care Centres Franchise?
To Join the Meineke franchise, go to the franchisors website. In the franchise section, there is an online application form which needs to be carefully filled and submitted with the required information.
The information supplied is examined by the franchisor, and if found qualified a representative from the franchisor contacts the franchise candidate for further investment discussions leading to the ownership of this franchise.
Providing subs and salad services, this veteran franchise opportunity was founded 1965. With Doctors Associates as the parent company, this franchise has its corporate headquarters located at Milford, Connecticut. Suzanne Greco is its current CEO.
Subway Franchise Financial Requirements
The financial requirements needed to own a part of the Subway franchise includes an Initial Investment within the range of $116,600 to $263,150, a Net-Worth requirement of between $80,000 to $310,000, and a Liquid Cash requirement of $30,000 to $90,000.
Subway Franchise Ongoing Fees
The ongoing fee to be paid to the franchisor includes an Initial Franchise fee of $15,000, an Ongoing Royalty fee of 8% and an Ad Royalty fee of 4.5%.
Subway Franchise Training and Support
The mandatory training and provided by the franchisor covers a period of 14 days at the corporate headquarters and another 10 days on-site training. Support covers the following areas, field operations, toll-free line, internet, security, and grand opening among other support areas.
Subway Franchise Financing Options
The financing options enjoyed by franchisees include an in-house financing arrangement that provides financing covering equipment and franchise fee. A second financing option is in form third-party relationship the franchisor maintains with financing sources that provide financing covering inventory, equipment, startup cost and the franchise fee.
Under Subways veteran incentives program, veterans enjoy a total waiver of the franchise fee if the location of business is on a military or government location. However, if the location of this business is not on the above property, then 50% of the franchise fee will be waived.
How to Open Subway Franchise?
To join the Subway franchise, simply indicate your interest on the franchisors website where an online application form is available. Simply fill same and submit. If the applicant is found worthy of owning this vet franchise opportunity, then he/she is contacted by a representative on further investment discussions.
These are some of the veteran franchise opportunities that can be taken advantage of, as they provide some of the best opportunities and incentives to veterans.