Veteran Franchising: A Path to Entrepreneurship
Veterans possess strong leadership instincts and the ability to thrive under pressure — skills honed during their military service. These qualities make them standouts as business owners. Discover how to start a rewarding, new mission by channeling your transferable skills into veteran franchising opportunities.
Veterans are Leading the Charge in Business Ownership
When it comes to business ownership, veterans have a positive track record.
- There are 7 million veteran entrepreneurs in the U.S.
- Veteran-owned U.S. businesses contribute $1 trillion in annual revenue to the nation’s economy
- Veterans make up only 7% of the U.S. population, but they account for 14% of all franchisees
- 85% of veterans enjoy being part of a franchise
- 39% of veterans are multi-unit franchisees
Franchising for Veterans: An Overview
Franchising enables entrepreneurs to launch a business with a recognized brand that has a track record of success. You get the training, technology, and support you need to run a business in your community. In addition to ongoing support, you’ll also be part of a team of fellow franchisees who are invested in your success.
Franchising is an ideal option for veterans who are exiting the military. After spending your career deployed or moving from base to base, launching a business can help you grow roots in your community and set your own schedule. Here are some of the skills you acquired in the service that make you a strong franchise candidate:
- Leadership: In the military, you managed projects and worked with a team to achieve your goals, similar to business ownership.
- Communication: Clear communication is vital in the military. Your communication skills will enable you to convey your brand message to customers and outline expectations with your team.
- Problem-solving: Veterans are trained to stay calm under pressure and make decisions on the fly. Business owners encounter unexpected challenges regularly. A skilled problem-solver can assess situations quickly with minimal disruptions.
- Motivated: Veterans are driven and willing to push the envelope to succeed. Being motivated and purposeful ensures business owners stay committed to achieving long-term success.
PremierGarage Helps Veterans Pursue Entrepreneurship
One of the most popular franchise industries for veterans is home services, according to Franchise Business Review. Enhancements in smart home technology and the rise of teleworking are fueling growth in the home services industry. The average household spent nearly $14,000 on home maintenance, updates, and emergency repairs in 2023, up 6% from the previous year.
PremierGarage takes garage organization to the next level. We provide customized garage optimization services for homes and businesses, including cabinetry, flooring, wall storage, overhead storage, and more. In addition to residential customers, our franchisees provide solutions to restaurants, medical facilities, schools, offices, apartment complexes, and retail stores.
Our outsourced manufacturing model reduces operational costs and limits inventory. You can order products on a project-by-project basis. Our work-from-home business enables you to achieve work-life balance and keeps startup costs low.
FranchiseDiscount for Veterans
We know veterans make excellent franchise owners and we’re proud to offer qualified veterans a 15% discount off the initial franchise fee of a PremierGarage franchise. Offering a franchise discount for veterans enables them to achieve financial freedom as entrepreneurs and is our way of saying ‘thank you’ for your service.
Inquire now to learn how to build a new future with PremierGarage.