Some franchises are very difficult to start and operate, some are easy to operate and require very little money upfront. Yet, some franchises are well-equipped to be owned and managed by veterans. Multiple studies have shown repeatedly that veterans are well organized, mission-oriented, dependable, loyal and trustworthy, just a few of the attributes that make a good leader. Good leadership is needed in business, and veterans offer it in abundance.
Below are the Top 10 Best Start-up Franchises for Veterans and more about the start-up fees, initial costs and requirements of owning and operating each franchise:
1. Budget Blinds
Budget Blinds franchises provide custom window coverings and shop-at-home service for customers. Owning a Budget Blinds franchise allow for veterans to do much of their work from home while keeping costs reasonable. Initial start-up fee: $89,950. The total investment comes out to $124,950. However, veterans get a $15,000 discount as a thank you for serving in the military.
2. Juice It Up!
Juice It Up! franchises provide juice, smoothies, and bowls in a quick-service environment. The company looks for franchisees with strong communication and management skills. Perfect for veterans! Initial start-up fee: $25,000 with startup costs ranging from $214,375 to $390,475. The company is also a member of VetFran. They offer a 60% discount to qualified veterans, along with other incentives.
3. Marco’s Pizza
Marco’s Pizza franchises are part of a quick service and delivery pizza brand that focuses on quality ingredients. The company doesn’t require any business experience. They focus more on people and community-minded individuals. Initial start-up fee: $25,000. Initial investment ranges from $223,535 to $586,410. Qualified veterans and first responders get a $10,000 discount on the initial fee. Those with service-connected disabilities may have the fee waived entirely.
4. Sport Clips
Sport Clips offers hair cutting and styling franchises with a sports theme. The company focuses on creating a fun environment and supportive culture throughout its franchises. Start-up fee: $59,500 for the first three stores. Overall, start-up costs range from $233,800 to $388,300. However, qualified veterans receive a 20% discount on licensing fees.
5. Two Men and a Truck
Two Men and a Truck franchises provide moving services with locations throughout the country. The company has been around for more than 35 years and is part of a fairly recession-proof industry. Start-up fee: $50,000. Start-up investment ranges from $100,000 to $585,000 for new franchises. However, veteran franchisees can receive a 10% discount on fees.