Are veterans predisposed to franchise ownership success? When you consider that 7 percent of the U.S. population are veterans and, of all U.S. franchise owners, 9+ percent of franchisees have served in the military, the data points to yes. According to VetFran (vetfran.org), 65% of franchisors have indicated that their rate of hiring veterans has increased in recent years and veteran franchise owners are more likely to hire veterans as employees.
Since veterans are trained to execute systems and follow procedures with precision and established franchises must operate on proven systems and well-defined procedures, there is a clear parallel. Also, franchises provide comprehensive training and support. While most veterans do not necessarily walk straight from military discharge to discovery day, they tend to enter the civilian workforce for a while first, they are highly trainable and adaptable, which makes them excellent candidates for picking up a new career path and running with it.
Another asset that veterans bring to franchising is leadership. Veterans are trained to understand and motivate teams, improve processes, and achieve critical missions. They are loyal and committed to their unit. They are conditioned to get the job done, sometimes under the toughest conditions. That also makes veterans able to withstand a certain degree of risk while staying positive and keeping their eyes on the prize. All of these learned and innate characteristics transfer very well into successful entrepreneurialism.
Snap-on Tools Committed to Veterans
Snap-on Tools, a leading global developer, manufacturer, and marketer of high-end tool and equipment solutions for professional tool users is an FBR Top 200 Franchise, a Franchise Rock Star, a Hall of Fame award winner, a Top Recession-Proof Franchise, and a Franchise Culture Award winner. The company is extremely proud of its legacy as an American manufacturer and its loyalty to veterans. It values the skills and experience that military veterans bring to franchise ownership such as leadership, teamwork, effective communication, project management, and problem-solving.
The Snap-on Tools franchise opportunity is popular among veterans and, like many franchises, the company offers a discount on the franchising fee for veterans. “Snap-on is proud of its time-honored tradition of saluting the military. We respect and have a long-standing commitment to our military and veterans. Hiring Our Heroes is among the latest iteration of our dedication to this mission,” said Tom Kasbohm, director of franchising for Snap-on Tools,
Snap-on Tools recently partnered with Hiring Our Heroes to reach veterans for franchise ownership opportunities as well as veterans who may not be interested in franchise business ownership, but possess the skills and desire to strengthen the Franchisor leadership team.
Hiring Our Heroes has worked to connect the military community with meaningful employment opportunities. The organization works with the U.S. Chamber’s vast network of state and local chambers and strategic partners from the public, private, and nonprofit sectors to bridge the civilian-military divide within the business community. HOH connects military service members, military spouses, and veterans with American businesses to create economic opportunity and a strong and diversified workforce.
“At Snap-on, we value the hard work and sacrifice of our veteran franchisees,” said Kasbohm, “Many veterans have the discipline and drive needed for the Snap-on Tools franchise model. We are honored to have hundreds of veteran franchise owners who bring their commitment, skills, and dedication to excellent service to our Snap-on Tools franchise system.”
Snap-on Tools also partners with the Honor Flight Network (honorflight.org) to send veterans who are Snap-on associates, retirees, and franchisees to Washington D.C. to visit the memorials erected in their honor. The Honor Flight Network was formed in 2005 with a mission of honoring our nation’s veterans by bringing them to visit the memorials and monuments dedicated to their service and sacrifice. Since 2013, Snap-on hosted 17 Honor Flights escorting more than 700 veterans, guardians, and family members through this unique partnership with the Honor Flight Network.
FBR’s Top Franchises for Veterans
Franchise Business Review surveyed over 3,000 veteran franchise owners across 300+ brands to determine this year’s Best Franchises for Veterans. The 80 brands on our list have Franchisee Satisfaction ratings of 10-30% higher on average than other franchises. The most popular franchise segments for veterans are Home services (14% vets), Services (11% vets), Automotive (10% vets), Retail (10%), Senior Care (10%), and Food (8%).