VetFran is a program that offers financial incentives to honorably discharged U.S. veterans. The official name is, Veterans Transition Franchise Initiative.
As a voluntary effort of the International Franchise Association (IFA) and its member companies, the VetFran program provides direction and assistance to veterans. Helping those who served pursue their goals of franchise business ownership.
Well over 250 member companies participate in the VetFran program. With this large sampling of companies, nearly every market segment is covered.
According a recent report by the U.S. Department of Veterans Affairs, there have been over 1000 veterans served through the program. With the increasing number of veterans rotating back to civilian life, the trend will only continue.
As mentioned above, the incentive is usually a discount in the initial franchise fees, but that is not mandated. Each participating company has its own incentive program. It would be wise to contact each company and determine the specific plan details.
While VetFran can be a great assistance to you with discounting initial fees, it does not mean that a VetFran participating company is the right choice for you. A review of your business goals as well as a thorough franchise due diligence search will ensure you are making the right business choice.
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