As a former military veteran, I know the value of following a proven system and successful business model.
Colorado Springs, CO (PRWEB) November 06, 2013
Hundreds of franchise companies offer military veterans incentives to invest in a franchise, but sign-on perks don’t necessarily lead to success as franchise operators. Where are veterans actually the most satisfied and successful once they become franchisees and what are the keys to that success? That’s what an annual research project by Franchise Business Review sets out to determine.
The research findings, published this week in Veterans and Franchising 2013, show that franchisees with military experience are drawn to a number of franchise models and investment levels. Some, like Signal 88 Security, complement their military experience, but others, like Sport Clips (a chain of hair salons), are a far cry from the battlefield.
Franchise Business Review surveyed nearly 3,000 military-trained franchisees, representing close to 300 brands, to compile its list of the top 100 vet-friendly franchises. Miracle Method Surface Refinishing was selected as one of the top 100 franchises because they score above average in franchisee satisfaction based on the areas of training and support, financial opportunity, brand leadership, operations and product development, core values (e.g., honesty and integrity of franchisor), general satisfaction, and the franchisee community. Franchise Business Review also interviewed senior executives and franchisees at Miracle Method for their first-hand perspectives.
"As a former military veteran, I know the value of following a proven system and successful business model," says John Tubiolo, Navy Veteran and VP of Franchise Sales. "I believe that's what Miracle Method brings to the table. In addition to that, our franchisees share a similar bond that I experienced in the military." John added, "With a great ROI, low initial investment, and limited to no market competition, Miracle Method has become a great option for veterans seeking a low-risk, high reward opportunity."
Eighty-two percent of all veterans said they enjoy being a part of their franchise organizations, and 74 percent of all vets (up from 72 percent in 2012) said “they would do it again today” related to investing in their franchise (84% of franchisees at the top companies said they would do it again.)
There has been a big push recently to get veterans more involved in franchising because military training—and a veteran’s ability to follow a set process—often transfers well into franchise ownership. As an active Vet Fran member, Miracle Method has become a desired franchise opportunity with the veteran community. Franchisors told Franchise Business Review researchers that franchisees with military experience often outperform non-military franchisees. However, military success doesn’t guarantee business success, Franchise Business Review warns. Vets (like non-vets) must go through an adjustment period as they learn to run a business.
One of the best ways to know if a franchise opportunity is really as good as it appears is to look at its third-party franchisee satisfaction data. This data is even more important to prospective franchisees on active military duty because it may not be easy to conduct the necessary due diligence—calling current franchisees, visiting local stores, and meeting with the corporate office—from afar.
About Miracle Method
Miracle Method is the nation’s largest surface refinisher with over 130 locations in the US and Canada. With a great ROI and low initial investment, Miracle Method is an exciting and profitable option for those seeking a franchise opportunity.
Visit miraclemethod.com/franchise or call 800-444-8827 for more information.