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Kelli Schroeder MBA, CFE Kelli Schroeder MBA, CFE is an Influencer

VP of Franchise Development at Threshold Brands

Did you know that almost 30% of franchise owners in the United States are immigrants or minorities? Only 19% of those owners own non-franchise businesses? What this tells us is that there is a huge opportunity for this population to grow as entrepreneurs through the franchise model. A lot of franchisors offer special minority and/or veteran programs to potential franchisees, from offering discounted initial franchise fees (IFF) to special lending programs and rates with third-party vendors. Immigrants play a significant role in franchise ownership, contributing to the overall diversity, growth, and economic health of our country. This type of franchise owner brings a strong entrepreneurial spirit to the franchise system, as they are passionate about creating a business and livelihood for themselves and their families. The franchise model provides an accessible pathway to entrepreneurship with proven business models. Franchising also creates job opportunities for communities to stimulate vibrant economies in local towns and cities. Additionally, Franchise ownership by minorities creates cultural diversity in their communities which creates a more inclusive customer experience. If you would like more information on franchising, let's schedule a time to connect. #franchising #veteran #businessopportunity #wellbizbrands

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Emmanuel Trenche, MBA

🎖️ Award-Winning Video Producer & Marketer | ✊🏽 Multicultural Storyteller | 🎥 Content Strategist | 💌 Branding Expert | 💫 HubSpot Guru | 🚀 Sales & Marketing Leader

8mo

Think about the trend upward on this…

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