Forums: Discussions for entrepreneurs and small business.

 

This is one subject about which much as been written. Everyone has their own version of what you need to do to find that one, perfect concept for you and for your market. At our company, helping people find their ideal franchise opportunity is what we do. As a result, we have worked with thousands of people looking to find the right franchise and realize their dreams.

Jose,

 

Helping veterans find their own franchise a great idea. But it can be costly for anyone, much less a veteran to fund the initial cost of a franchise. How does you business make money? Do you defer any cost of opening a franchise?

 

Jamie

Jamie,

 

There are many financing options available to investors whether they are a veteran or not. Financing a franchise doesn`t have to cost you a million dollars to start. There are many franchises where the fees start as low as $5,000. That is why in my last post I described that there are substantial discounts available from franchisors to veterans that participate in the program.

 

The services I provide are at no cost to the client. The same concept exists if someone werer looking for a house. If your relocating to a new area of the country I`m sure you would start asking friends, relatives, etc. if they could recommend a good agent that knows the area to help you find your next home. We represent over 250 of the Countries most trusted and respected names in franchising. You wouldn`t buy a home or plan your retirement without the guidance of a professional...so why would you want to buy a business without expert advice? Our fees come from the franchisor and it doesn`t cost the client a penny more in franchise fees to you us as their advisor.

 

In a nutshell, We are not working for ANY of these companies...We work for the client. The franchises we represent formed a relationship with us because they know we are not about selling, we are about matchmaking. We put you in touch only with those companies that fit your skills, background, desires and finances. Our wealth of franchise inventory allows us to act as consultants and not salespeople.

Jose,

 

Thanks for the explanation. Hopefully in the future, after my retirement, I`ll need your services. Best of luck to you!

 

jamie

I am a veteran and a small business attorney.  There are two programs that any veteran considering franchising needs to investigate.  The first is VetFran.  This is a voluntary program among franchisors who have special deals for veterans.  The deals can be anything from reduced franchise fees to special financing.  The second is the Patriot`s Express SBA loan. This loan is limited to veterans (all honorably discharged veterans) and their spouses.  It is a 75% guaranty on the loan amount and is designed for quick handling so that the veteran does not have to wait forever to get an answer.  Information on VetFran is available on the International Franchise Association`s website (www.franchise.org).  

Franchising is a very good idea for many veterans.  It allows you to run a business based on someone else`s ideas and methods.  In many ways it is very much like being in the military, where you are trained to do a job, sent somewhere to do, have high expectations of completing the task but never completely on your own in getting things done.     

aside from what everyone else has mentioned, look into little caesar`s program for vets. they really help finance and train you to run a successful franchise (i am not affiliated with them).  this is only if you are interested in running a franchise so make sure you do your research in terms of what you want to do and the pros and cons involved with each option.  i have made a post in a different category which i believe better fits here. my apologies.

 

good luck!