There are a variety of SBA loans that are available to...
The right top military franchise for an armed forces member depends on their personal circumstances including what they are interested in and how much money they have available to invest in a franchise to start. Some franchises make it much easier for a military veteran to start their own business and transition into civilian life by offering discounts and initial investment and equipment financing.
Amerispec Inspection Services, a residential home inspection and energy audit business, offers a 15 percent discount on the franchise fee for military veterans. For veterans who need help with start-up capital, Amerispec offers financing in-house, with only a 20 percent down payment needed for the equipment and initial franchise fee. The starting fee ranges from $23,100 to $33,100, depending on market and location factors.
Furniture Medic, a furniture repair division that is part of the ServiceMaster Company, is a low investment franchise opportunity for armed forces veterans. The initial investment is $42,900, but the company will finance up to 80 percent through its subsidiary, the ServiceMaster Investment Company. Furniture Medic also provides initial training, ongoing training and support.
Merry Maids, the cleaning business division of the ServiceMaster Company, offers a 10 percent franchise fee discount to military veterans. The initial investment required by Merry Maids is $42,500, with in-house financing available to franchisees that are approved. Merry Maids also has protective territory rules and support available for new owners.
ServiceMaster Clean is a professional cleaning and restoration franchise. A franchise license fee discount of 15 percent is available for veterans and franchisees may finance up to 80 percent of the equipment, products and fees needed to start their businesses. The total investment is $41,900.
Liberty Tax has tax preparation franchises in the US. Since the locations are primarily busy during the tax season, which is about three months a year, veterans can choose to pursue other goals during the slow months. The company offers special financing to military veterans and guaranteed financing of a second territory if the franchisee is in compliance. The total investment ranges from $56,800 to $69,900, depending on the franchise location.
Franchisors understand that military men and women are motivated to succeed and make excellent franchisees. If you are a veteran, we encourage you to explore the franchise opportunities that offer you special discounts as these companies clearly respect what you have to bring to the table.