FastSigns, a sign and graphic company, will cut its franchise fee in half to $34,500 (total start-up costs typically start at $75,000) for veterans. The company says that as part of Thursday's announced initiative it has committed to hiring 200 veterans within its franchises. 4. The UPS Store
As part of the IFA's initiative, The UPS Store (UPS - Get Report) is looking to waive its franchise fee of $29,950 for 10 qualified military veterans who are first-time franchisees wishing to open a location between Jan. 1 and June 30.
The 1-800-GOT-JUNK chain offers veterans a 50% discount off of every second territory they buy. The cost for one territory is $6,000, meaning if they want to expand they could pay $3,000 for the second. Markets typically have a minimum of eight territories, the company says. While franchisees are allowed to invest in a territory at their own comfort range, the discount incentivizes vets to acquire -- and own exclusively -- more territory, says Cameron Wears, the company's franchise development manager. The company likes the idea of more vets owning 1-800-GOT-JUNK territories. "We do feel that from a leadership and management standpoint vets do make good franchise partners," Wears says. "There is a lot of discipline there. ...People that are too entrepreneurial don't succeed in franchise systems because they tend to want to do everything on their own." "For us it's another pool of candidates that are out there that have got that leadership and management experience and a lot of them have some money tucked aside," he says. "The criteria that we need to see in a candidate they already bring to the table." -- Written by Laurie Kulikowski in New York. To follow Laurie Kulikowski on Twitter, go to: http://twitter.com/#!/LKulikowski To submit a news tip, send an email to: firstname.lastname@example.org.
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