This article will be concentrate on available franchise opportunities that can be taken advantage of by veterans. They are either created specifically for veterans or heavily favor veterans in honor of their service to America.

Below are some of these veteran franchisee opportunities;

Top Franchises For Veterans

  1. Matco Tools

Founded in 1979, with its corporate headquarters located in Stow, Ohio, the Matco tools franchise specializes in the provision of mechanic’s tools and equipment.

With Timothy Gilmore as its CEO, and Fortive Corp. as its parent company, Matco Tools started franchising in 1993.

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.

Franchisees are to pay the following ongoing fees to the franchisor. This includes an Initial Franchise Fee of $6,000.

Training and Support

Training is compulsory to all franchisees and their managers if 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

The financing options available to franchisees includes an in-house financing arrangement that provides financing to cover areas like accounts receivable, start-up costs, and franchise fee.

Another financing option includes a third-party relationship the franchisor has with financing sources that provide financing covering start-up costs, inventory, accounts receivable, and the franchise fee. Veterans are given $10,000 in inventory.

How to Join

Simply fill the online application form in the franchise section of the franchisor’s website and submit. The information supplied will be screened.

If the application wins the franchisor’s approval, the applicant is contacted for further business deliberations.

  1. Dunkin’ Doughnuts

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.

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.

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%.

Training and Support

A mandatory training covering a 30 day period is provided to all franchisees. Franchisees also include support which includes periodic newsletter releases, a toll-free line, meetings, field operations, internet security, etc.

Incentives

This sees a huge discount of 20% off the franchise fee for the first five traditional restaurants.

How to Join

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.

  1. Dream Vacations

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 Talking.

Dream Vacations franchise has World Travel Holdings as its parent company.

Requirements

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.

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.

Training and Support

Dream vacation franchisees benefit from a period of mandatory training lasting a period of 6 days at the franchisor’s headquarters. Support covers areas like periodic newsletter releases, a toll-free line, internet services, security grand opening, and field operations.

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 start-up cost.

Incentive Program

Veterans benefit from a whopping 20 to 40% discount off the franchise fee. There is also a waiver of 50% for the first veteran/military spouse associate.

How to Join

To join this franchise opportunity, first, register your interest at the franchisor’s 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.

  1. 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.

Requirements

The financial requirements to own a Meineke franchise include 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.

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%.

Training and Support

Training is compulsory for 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

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 start-up cost.

Veterans enjoy a huge 50% discount off royalty fees for the first 6 months.

How to Join

To Join the Meineke franchise, go to the franchisor’s website.

In the franchise section, there is an online application form that 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.

  1. Subway

Providing subs and salad services, this veteran franchise opportunity was founded in 1965.

With Doctors Associates as the parent company, this franchise has its corporate headquarters located in Milford, Connecticut. Suzanne Greco is its current CEO.

Requirements

The financial requirements needed to own a part of the Subway franchise include 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.

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%.

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 of on-site training.

Support covers the following areas, field operations, toll-free line, internet, security, and grand opening among other support areas.

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 the form third-party relationship the franchisor maintains with financing sources that provide financing covering inventory, equipment, start-up cost, and the franchise fee.

Veteran Incentives

Under the Subways veteran incentives program, veterans enjoy a total waiver of the franchise fee if the location of the 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 Join

To join the Subway franchise, simply indicate your interest on the franchisor’s website where an online application form is available. Simply fill in the same and submit. If the applicant is found worthy of owning this 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.