Uniquely Qualified to run franchises, veteran’s skills make them excellent business owners.
Benefits for veteran franchise owners
Veterans interested in entrepreneurship have many valuable resources at their disposal, particularly if they’re following a franchise path. Many of these have also been specifically tailored to veterans and their unique needs, from those that provide much-needed insight to help them on their journey to a new career to others that offer discounted funding options. A great place to learn more and get started is VetFran.
As mentioned above, veterans investigating their franchise options can benefit from special funding and discounts, not only from lenders but also from franchisors. These can include lower franchise fees. All these benefits give former military personnel a firmer financial starting point when establishing the next phase of their careers.
According to VetFran, 99% of recently surveyed franchisors think that veterans are a good fit as employees within their company, while 97% say that veterans make excellent franchisees. These impressive numbers prove that veterans and franchising are a successful and lucrative match. And the future is bright, with 70% of franchises reporting bringing on a veteran franchisee or corporate employee in the last year alone.
Finding the right franchise for you
If you’re a veteran considering starting a business, how can you find the best franchise? In the U.S., more than 66,000 veterans have taken advantage of a franchise opportunity, according to a study conducted for the International Franchise Association Educational Foundation based on data from the U.S. Census. Those veteran-owned franchise businesses provide jobs for more than 800,000 Americans and generate more than $41 billion. And the number of veteran franchise owners is growing every year.
Franchises offer a business model that’s proven, turnkey operations and ongoing support, which means a franchise can help veterans get their businesses up and running quickly. Now consider applying those benefits to an area that all military are trained in—fitness.
ISI® Elite Training is one of the nation’s fastest-growing boutique group fitness concepts. Gyms and fitness facilities are a logical way for veterans to take advantage of a skill set they learned during their service. A 50-minute, low-impact, high-intensity, strength-based workout, ISI Elite Training offers one-on-one attention in a workout designed and led by a certified coach within a team setting. ISI Elite Training focuses on simple but dynamic movements that help burn fat, build muscle, and gain confidence and strength. Through functional movements, every ISI Elite Training workout is designed to target different muscle groups, deliver measurable results and help members train for life.
Founded in 2013 and franchising since 2019, ISI Elite Training has quickly awarded more than 70 territories nationwide. With strong unit-level economics, a superior product, multiple revenue streams, and unlimited growth potential, ISI Elite Training helps aspiring veteran entrepreneurs build freedom and own a business that makes an impact.
The boutique fitness industry is worth $22 billion, and ISI Elite Training is an affordable option within that world. Unlike other boutique workout franchises, ISI Elite Training doesn’t require a large space with a sea of equipment. They keep the overhead low by operating in a smaller footprint (between 2,400 and 3,200 square feet), so your total investment is between $327,400 and $687,000. Veterans can access discounts, including $10,000 off the initial franchise fee and $5,000 off any additional license purchased after the initial license for qualifying veterans.
Looking for the right path for your post-military career? Consider the franchise world. A qualified franchise consultant can help you determine the best options for you and your family. Seth Lederman of Frannexus has years of experience assisting vets and others to find the best franchise to meet their goals and dreams. For more information and to start pursuing your entrepreneurship dreams, contact Frannexus today.
About the Author
Seth Lederman, CFE, a Franchise Acquisition and Development Specialist, is a multi-faceted entrepreneur with over 30 years of experience in small business success, including ownership and sale of his business enterprises. He frequently contributes to The Franchise Journal and is on the exclusive Forbes Business Council. Contact Seth at seth@thefranchiseconsultingcompany.com.
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