Home Franchise Concepts Reaches Milestone in Veteran Discounts
Home Franchise Concepts, parent company of Budget Blinds among others, achieved its goal of giving $1 million in discounts to U.S. military veterans through its Million Dollar Franchise program. The program began on Veteran’s Day in 2013 and will wrap up May 31.
The Orange, California-based franchise has signed 34 new veteran business owners to its network, and veterans now make up nearly 10 percent of its system. Home Franchise Concepts has more than 1,100 franchise territories across the U.S., Canada and Mexico, for Budget Blinds, Tailored Living and American Decorative Concepts.
“We truly believe that our veteran franchisees are some of the most talented, hardworking individuals out there and we couldn’t be more honored to have them in our family,” said CEO and co-founder Chad Hallock.
Although the program has officially ended, veterans will continue to receive discounts on their initial fees. A $15,000 fee discount, from the standard $75,000, is available for Budget Blinds. Tailored Living or Concrete Craft offer a $5,000 discount to veterans, from $55,000 and $50,000 standard.
Home Franchise Concepts also launched a separate veterans initiative early this year, called Troops in Transition. It provides honorably discharged or soon-to-be-discharged veterans an opportunity to own a franchise with no initial fees. Eligible veterans enter into a limited, six-month franchise agreement to allow the veteran to evaluate the business, have access to a mentor during that time, and at the end if sales and other objectives are met can sign on as a Budget Blinds owner for a 10-year period. The $75,000 fee is waived.
Hallock says the franchise worked closely with existing veteran franchisees to develop the Troops in Transition program. “We are extremely thankful that these franchisees have taken the time to help educate us on what will truly make an impact in the lives of other veterans.”