UPS Will Waive $29,950 Franchising Fee for First 10 Veterans to Apply

The UPS Store, Inc. has recently launched the Mission: Veteran Entrepreneurship program, which aims to award a total of nearly $300,000 to a select group of 10 qualified first-time U.S. military veteran franchisees, according to a press release from Global Newswire.

“The first 10 eligible veterans to submit a complete buyer’s application packet and initial application fee will be awarded $29,950 in waived franchise fees,” according to the press release. UPS will accept these application packets until Veterans Day, which is on November 11, 2019.

According to VetFran, 97% of franchisors believe that veterans make excellent franchisees, with 70% of franchise brands hiring a veteran owner or staff member in the last year. Currently, more than 400 UPS Store locations in the U.S. are owned by veterans, according to the press release.

“The UPS Store, Inc. is deeply committed to helping veterans transition back into civilian life and achieve their dreams of owning a business,” the press release quotes Tim Davis, president of The UPS Store, Inc. and U.S. Marine Corps veteran. “We are thrilled to launch Mission: Veteran Entrepreneurship and offer this financial incentive to those who have given and sacrificed so much for our country.”

Read the full press release here.