Franchising 4 Vets provides free franchise consulting for veterans. The service is an affiliate of Business Alliance Inc. (BAI), one of the oldest and largest companies in the franchise consulting arena. The affiliation gives the service access to approximately 300 pre-screened highly rated franchise companies. The franchise companies fall into three broad categories:
1. “Brick and mortar” food, retail and service establishments
2. Mobile businesses where that go to the client often in a van or other vehicle
3. Work at home businesses where most transactions occur via telephone or the internet.Franchising 4 Vets acts as a matchmaker by listening to the veteran’s lifestyle, business, physical and financial goals and limitations to find franchise opportunities that offer a good chance for success as defined by the veteran.
To help combat soldiers from the current wars, the service helps them return to civilian life. The emphasis is on finding business opportunities that the combat soldier or Marine can operate successfully and pointing him or her to funding sources that can make starting the business possible.
Many franchise companies offer discounts to veterans either through the VetFran program of the International Franchise Association or quietly on their own. Some franchise companies actively pursue veterans and see military service as an excellent training ground for working within the defined business model of a franchise.
Franchising 4 Vets also helps veterans find public and non-public benefits such as SBA expedited loan programs, governmental preferences for veteran owned businesses, and hidden grants and benefactors. The service also points the veteran to financing tools such as a method for tax free and penalty free use of retirement funds or the private sale of stock to offer equity funding opportunities for family and community members.
Image from Franchising 4 Vets.
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