Why Big O is a Good Franchise for Veterans
Big O waives franchise fee as a thank you to veterans as part of IFA’s VetFran program
Big O Tires is one of many companies that take part in the International Franchise Association’s VetFran program, in which franchisors waive at least 25% of their franchise fee for veterans who are interested in starting a business. Big O goes much further. The company has completely eliminated the franchise fee for veterans.
“We understand that veterans face many challenges returning to civilian life, especially in workforce development,” Kevin Kormondy, executive vice president and chief operating officer.
Veterans who join the Big O system receive all the same assistance as other franchisees: help with financing, site selection, build-out, a protected territory, training and ongoing support.
Veterans are great franchise owners
It’s a great deal for veterans — but it’s an even better deal for Big O. That’s because the people who enjoy the most success in our system are franchisees who are self-disciplined, team-oriented, have leadership skills, and who are great at following proven systems to achieve results. Veterans possess all of those qualities.
Big O Tires extensive training and support can give franchise owners technical know-how for running a Big O Tires store, but you can’t teach intangibles like leadership, commitment to your team and your customers, and a desire to serve your community and keep people safe.
Big O’s systems, careful procedures, planning and attention to detail are similar to the structure that has made the U.S. military the best in the world. So while Big O waives the $30,000 franchise fee as a “thank you,” the Company also realizes that we’re benefitting from dealing with exceptional individuals who have already proven their worth to one of the best organizations in the world.
The Small Business Administration recognizes that veterans make great business owners and offers special financing to veterans through the Patriot Express Pilot Loan Initiative, which typically offers the lowest interest rates available anywhere.