Franchises and Business Opportunities for Veterans
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Franchise and Business Opportunities for U.S. Military Veterans
In 2002, the International Franchise Association and the U.S. Department of Veterans Affairs signed an official memorandum of understanding to jointly promote the VetFran program. VetFran was developed to honor and help those men and women who have served in the U.S. military to transition to civilian life.
VetFran is a voluntary program of International Franchise Association member companies that is designed to encourage franchise ownership by offering financial incentives to discharged veterans of the U.S. Armed Forces who are interested in starting their own business. Some franchisors provide financial incentives by reducing their initial franchise or other fees, or by contributing to the franchisee’s initial cost of investment.
Started by the late Don Dwyer Sr., founder of The Dwyer Group, out of a desire to say thank you to veterans returning from the first Gulf War, VetFran was reborn and re-energized by his daughter, IFA First Vice Chair, Dina Dwyer-Owens after the September 11 terrorist attacks. VetFran’s ranks have grown to include several hundred franchise systems that voluntarily offer financial incentives to veterans seeking to become small business owners through investment in a franchise.
While the program does not offer financing, many franchisors either provide financing or assist in the process by recommending preferred lenders.
Through the VetFran program more than 1,100 servicemen and women have become franchisees and more are being added every month.
If you would like to learn more, Franchise Direct’s information center contains plenty of veteran franchise information.