Veteran Businesses By the Numbers

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Veterans Businesses By the Numbers

Did you know that…

  • 2.52 Million U.S. Small Businesses Are Owned by American Military Vets
  • 9.1% of All U.S. Firms Are Veteran-owned Businesses

Totals

  • Total Receipts: $1.14 trillion
  • Total Employees: 5.03 million
  • Total Annual Payroll: $195 billion

States With the Most Veteran-owned Businesses

  1. California (252,377)
  2. Texas (213,590)
  3. Florida (185,756)

Veteran-owned Businesses by Industries

  • Mining, Oil & Gas: 12.9%
  • Finance & Insurance: 12.8%
  • Transportation & Warehousing: 12.1%
  • Construction: 11.4%
  • Agriculture, Forestry & Fishing: 11.3%
  • Utilities: 10.9%
  • Professional, Scientific, & Technical: 10.8%
  • Manufacturing: 10.2%
  • Accommodation & Food: 5.7%
  • Other: 1.9%

Years in Business

  • 5 Years: 7.4%
  • 10 Years: 16.2%
  • 17 Years: 21.3%
  • 27 Years: 14.8%
  • 37 Years: 10.7%
  • More Than 37 Years: 29.6%

Home-Based

  • Veteran-owned Businesses That Are Home-based: 57%

Franchises

  • 4.2% of All Veteran-owned Businesses Are Franchises

Top Two Franchise Industries

  • Accommodations & Food: 15.5%
  • Retail Trade: 4.7%

Looking to Invest in a Successful Franchise

Now’s a great time to invest. Zac’s Burgers offers low cost of entry, world-class support, site selection assistance, food truck licenses and more! To get more information, visit http://zacsburgers.com/vets or call (856) 359-4445 today.

*Source: U.S. Small Business Administration: https://www.sba.gov/sites/default/files/advocacy/435-veteran-owned-businesses-report.pdf

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