Veteran Franchise Coaching

Watch the Vetrepreneur Franchise Bootcamp

Vetrepreneur Franchise Workshop   |   July 12

Watch the Vetrepreneur Franchise Bootcamp

Franchise Workshop   |   July 12

Vote for the Next Vetrepreneur® of the Year!

Vote for the Next Vetrepreneur® of the Year!

Vetrepreneur Franchise Coaching FAQ

The Vetrepreneur Franchise Coaching system is your pathway to achieving your entrepreneurial dreams through franchising. We simplify the journey by guiding you through a straightforward, proven process of discovery, selection, and ultimately, ownership.

Our system is all-encompassing, offering access to a dedicated live coaching team, informative content, regular email updates, and a cutting-edge portal that reinforces your learning. This portal contains all the essential information required to embark on and successfully complete your journey towards business ownership.

Navigating the world of franchising can be overwhelming, with a flood of offers and information coming from every direction. That’s where our trained consultants step in. Our coaches are here to educate, support, and nurture you at every turn. Importantly, there are no costs or obligations associated with using our services.

When you work with us, you’re not just tapping into coaching expertise – you’re leveraging a team with a rich history of assisting veterans in finding civilian opportunities. Our roots in the military community run deep, with milestones including the launch of Vetrepeneur magazine in 2004, the establishment of the National Veteran-Owned Business Association in 2007, and the initiation of the Buy Veteran movement in 2010. Your success is our mission, and we’ve been on this journey alongside veterans like you since 2001.

Our franchise coaching services are 100% free and it won’t cost you any less by going direct to a franchise. Similar to having a real estate agent, we are paid by franchisors if and when you become a franchisee.

To qualify for working with a franchise coach, you should meet the following criteria:

  1. Credit Score: Maintain a credit score of 680 or higher.

  2. Liquid Capital: Have at least $20,000 in liquid capital available for investment.

  3. Net Worth: Possess a net worth of at least $50,000.

  4. Timeline: Be prepared to open your franchise within the next 12 months.

Once you meet these qualifications, you’re ready to engage with a franchise coach. To kick-start the process, simply fill out the form provided here and schedule your discovery call.

For clarification:

  • Liquid capital encompasses cash, savings, money market accounts, retirement funds, stocks, or mutual funds that can be converted into cash within 7 days.
  • Net worth is calculated as the total value of your assets minus your total liabilities. Include items like your home, real estate, investments, vehicles, retirement accounts, bonds, stocks, cash, and other valuable assets. Deduct any outstanding mortgages, loans, credit card debt, or other liabilities from your total assets.

Usually, you can expect to have your initial discovery call with a coach within one to two weeks, though in some cases, it may be even sooner. If you have an urgent matter that requires immediate attention, you can reach out to our team directly, and they will make every effort to accommodate your needs. To initiate the process, please fill out the form provided here and schedule your discovery call. For expedited assistance, you can also send an email to [email protected]. We’re here to support you at your convenience.

IFPG Member

As a member of the International Franchise Professionals Group (IFPG), we have partnerships with about 600 of the top franchises in the United States in all sectors of franchising.

An important part of the Vetrepreneur Franchise Coaching process is matching you with Franchises that align with you in four areas:  lifestyle desires, professional skills, geographical preferences and financial capacity. Our process ensures that you spend valuable time exploring franchises that are best suited for long term success and that you are guided and educated at every step along the journey. Conversely, shortchanging our process by going to a “franchise buffet” wastes everyone’s time and does a disservice to both the prospective franchisee as well as the franchisor.

Business ownership is not for everyone.  In fact, it’s not for most people.  So you are free to exit the process at any point with no obligation.

Our team is made up of veterans and dedicated patriots who understand the distinctive advantages and obstacles that veterans may encounter when venturing into franchising. While we specialize in assisting veterans, we also extend our services to military spouses. We believe in the strength of unity and collaboration, so you’re more than welcome to include family members, partners, or even form a group for your franchise coaching sessions. Importantly, these partners do not need to be veterans themselves. Our goal is to support you on your franchising journey, regardless of your background.

We do and it’s free just like coaching. We hold live Vetrepreneur Franchise Workshops twice a month. Typically the first and third Friday of each month. You can sign up for the next workshop here.

In less than one hour at the Workshop, we’ll teach you Franchising 101, we’ll debunk the five myths of franchising, we’ll tell you why veterans are so well suited for franchising and we’ll finish with a Q&A session. At the conclusion, you’ll have the option of signing up for a Franchise Coach. And all of it, including the Franchise Coach, is free. 

We look forward to seeing you at the workshop!

Besides self-funding, there are six primary financing avenues for your franchise:

Family or Friends Invest
Seek investment from family or friends, who may receive equity, interest, or even gift it to you.

Rollover for Business Start-up, or ROBS
Utilize funds from your retirement account (401(k), IRA, or TSP) to invest directly in your business. No interest is incurred as it’s your own money.

Home Equity Line of Credit or HELOC
If you’re a homeowner, leverage your property’s equity for financing, often with a speedy approval process.  

SBA Loan
Consider an SBA loan, although approval can take up to eight weeks. These loans reduce bank risk by providing a low repayment guarantee.

Leasing Vehicles and Equipment
For franchises requiring vehicles or costly equipment, explore leasing options through manufacturers or other parties, often facilitated by your franchisor.

Unsecured Term Loan
This option requires good credit and income and carries higher interest rates due to its unsecured nature. Typically used for short-term working capital needs, it should be paid off quickly.  

Remember, you can tap into these sources independently or rely on our coaches to connect you with franchise funding experts who can tailor a financing solution to your specific needs.

2024 Veteran-Owned Business Resource Guide

This guide is meant to serve as a resource for you in your journey to franchise ownership. We will uncover some of the funding opportunities and resources available to you as a veteran or military spouse-owned business.

We work with some really effective credit repair specialists, so if you’re kind of in that zone where you’re within maybe thirty or forty points of a 680, we can probably get to a situation where we can make that work.

And the good news is in a quick chat with a credit repair specialist, usually within a few days we’ll know what kind of success we might expect.

Absolutely, you can bring in a cosigner or partner(s) to join your venture. In fact, having multiple stakeholders who are deeply invested in the business’s success often increases the likelihood of achieving high levels of success. This can include groups of veterans, family members, cosigners, or any combination thereof. The best part is, you can all engage in discussions with your coach collectively, ensuring everyone is aligned and contributing to the business’s prosperity.

Our primary focus is in the U.S.

Our coaching services are available in 48 out of the 50 states, with the exceptions being New York and Washington. Nevertheless, we maintain a network of trusted franchise coaches who can provide assistance in these states, ensuring you have access to the support you need, regardless of your location.

KEEP UP-TO-DATE WITH THE LATEST

Sign Up for the Vetrepreneur Newsletter.

Get notified about the latest events, podcasts, content and resources to help you start your business journey, grow your business, and so much more!