|The 1-800-GOT-JUNK chain offers veterans a 50% discount off of every second territory they buy, part of a larger effort to ensure returning soldiers have work.|
Sandwich shop franchise Blimpie launched an initiative this year in honor of its 47th anniversary. Under its Blueprint 47, the sub shop's franchise fee for veterans and existing franchisees dropped to just $47 (from $18,000) to encourage store expansion. Jillian Henry, director of franchise development at the sub shop's parent company, Kahala (owner of 14 brands including Cold Stone Creamery and the Ranch1 chicken chain), says while the deal will expire at year-end, the company is continuing with a 50% discount on the franchise fee to military vets in 2012. "Obviously with what's going on around the world and what the U.S. military is involved in, we really wanted just show our appreciation for what the vets do for us," Henry says. "What makes a veteran perfect is
BrightStar Care provides what it calls a "full continuum of home care" that includes adult and elder care services, child care and medical staffing services for individuals, families and health care facilities. The home care franchise offers two incentives to veterans, including a 47% discount on the company's $47,500 franchise fee. (Start-up costs are roughly $100,000, according to VetFran.) They can also get a $2,500 credit toward technology and national advertising fund fees.
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) 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. Other qualified veterans will be extended a $10,000 discount on the franchise fee as well as a 75% discount to the initial application fee. Start-up costs range from $150,000 to $371,000, according to VetFran. 5. 1-800-GOT-JUNK
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: email@example.com.
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