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Franchise

Here Are My Best 5 Tips To Fund a Franchise

When it comes to financing a franchise, you have various options—drawing assets from your retirement account, SBA loans, financing through the franchisor, home equity loans or second mortgages, borrowing from family or friends, or utilizing your own resources. If you decide to take out a loan or seek outside finance, there are several actions you may take to improve your chances of success.

When selecting how to finance your franchise, consider the following points:

  • Find out how much financing will cost in total. This covers interest rates, financing fees, the first six months of operational costs, and other elements.
  • Determine what personal assets you are willing to put at risk as collateral.
  • Make sure you understand the default terms and conditions for the financing alternatives you're considering.
  • Understand how the total and monthly payback expenses affect your present and anticipated cash flow.
  • Understand the debt's amortization plan, including how long you will have to pay it back and how your monthly payments or interest rates will fluctuate over time.

To become the ideal borrower, you must concentrate on the five C's: capital, credit, capacity, character, and collateral. This equates to available funds for a down payment, a solid credit history, adequate cash flow to meet debt repayment, past expertise in the business in which your franchise operates, and personal property to guarantee your loan. While not possessing all of these will not exclude you from receiving finance, the more boxes you check for your prospective lender, the more likely you will acquire the necessary funds.

Whatever method you choose to fund your franchise, there are five things you can do to boost your chances of approval.

1. Know everything there is to know about the franchise you want to acquire. Do your homework and be prepared.

2. With your lawyer or accountant, go over the franchisor's Franchise Disclosure Document, or FDD. The FDD is a goldmine of knowledge and the most significant document you'll read during the discovery phase.

3. Develop a business plan. Always bear in mind that the business may not scale up as rapidly as you would want, which implies that your prospective revenue stream may take longer to build than you anticipated.

4. Improve your credit score. A strong credit score is one of numerous elements that will determine your interest rate, payment terms, and loan amount.

5. Prepare your collateral funds. Most will want a 10 to 20% down payment to demonstrate that you have a financial stake in the financial success of your potential franchise.

Are you interested in learning more about financing your franchise opportunity? Please schedule a call here.

I Often Hear These 5 Common Misconceptions About Franchising

Have you ever considered franchising but were put off by some of the stories you've heard? Let's look at and dispel some of the most frequent franchise falsehoods.

The Cost of Franchising Is Expensive
The startup expenses for running a business or a home-based franchise are inexpensive, decreasing the barrier to entry. Furthermore, utilizing the franchisor's infrastructure gives you access to corporate services like marketing specialists, business coaches, and on-staff consulting professionals. This reduces the need for high-wage paid employees.

The Corporate Office Is In Charge Of The Company
For the first 90 days after launch, the franchisor will provide you with particular guidelines and critical assistance to gain momentum. Following that, you will have total control over the size of your firm and how big or little you want it to be. Then, you and the franchisor will work together to develop a business strategy that meets the goals of both parties.

I Can't Be Creative If I Own A Franchise
The franchisor will provide the framework, and you will be free to run the remainder of the business as you see appropriate. You may utilize your imagination in management, hiring, and other areas. If you want to be more creative, you may do marketing and develop content or events to improve brand awareness. It also works the other way around. If you love dealing with data, you can work in operations.

You Will Be Successful
There is no guarantee of success when it comes to purchasing a franchise or starting your own business. In the United States, around 20% of small businesses survive through their first year. Even if the franchisor provides you with the necessary tools for success, you must still work hard and put them to use. If you work hard and follow the franchisor's advice, you will have a higher chance of success, but it is not a short road.

You Must Be An Expert In That Subject
When searching for the perfect franchisee, franchisors focus on soft skills like communication, leadership, and work ethic. Franchisors do not seek hard skills, and prior business ownership is not necessary. You will receive substantial assistance as well as the resources you require to succeed. Make sure you're excited about the franchise company approach. It will greatly simplify learning the procedure.

Are you interested in learning more about available franchises? Schedule a call here.

Or if you want to read about more franchising myths dispelled, read here.

Did You Know Entrepreneurs Should Prioritize Emotional Satisfaction?

When most people consider becoming a business owner and making the journey from employee to a franchisee, they do not consider emotional fulfillment. However, in reality, assessing emotional factors should play a key part in deciding whether to become an entrepreneur or remain in their current situation.

Of course, evaluating risk against return should be included in every evaluation. It should include income and cash flow estimates. It should involve a review of finance options, geographical choices, and various other objective factors that will lead to a final decision on becoming an entrepreneur. A methodical approach to each of these topics should guide you on the path of due diligence.

However, assuming that the objective requirements have been checked off your list, it should all come down to emotional fulfillment in the end. After all, we all have the right to happiness.

Many job opportunities might satisfy your emotional requirements, goals, and desires. Many, however, do not and cannot. As a result, a thorough assessment of emotional factors should entail examining various issues, with the ultimate objective of determining if a job can fulfill your needs or whether your own business is more likely to meet them.

Take Charge of Your Destiny

This specific factor's importance for a person is perhaps the single most significant thing to consider before deciding to go it alone. How essential is it that you have control over what you do and where you do it daily? How important is it to know that you have the last say on whether you stay or go at some point?

In addition to analyzing the practical items of becoming a franchisee, the following emotional factors should be considered:

  • Are you happy where you are?
  • Can you attain your objectives and dreams in your current situation?
  • Are you more likely to satisfy your demand for control over your results by starting your own business?
  • How essential are each of these factors to you?

Evaluate these items honestly and the other control concerns that are important to you. Then, decide which circumstance best fulfills your objectives. And think about how essential that is to you. Then it's time to move on to the next element for evaluation.

If you apply the 'I deserve to be happy' test to each factor and try to figure out which scenario is most likely to get you closer to your goal, you'll know which column to check. If you carry out this procedure systematically, combined with an examination of the objective criteria, you will gain clarity in your decision-making process.

This exercise should also be repeated these other emotional factors:

  • Financial independence
  • Day-to-day motivation
  • Building a valuable asset
  • Appreciation for efforts
  • Schedule flexibility and control
  • Free time for family and friends
  • Community respect
  • Achievement and recognition

The bottom line is that you must consider ROI, cash flow, the support system, the value of building a brand, the marketplace, and all other objective factors required to make an informed conclusion. However, you should also consider what you want out of your life and if owning a business can help you get there.

If you’d like more information on how entrepreneurs choose franchises, please schedule a call here.

Work from Home Franchise Opportunity

Accessibility is one of the most important elements when starting a business through a new franchise. You may have an excellent business idea or outstanding work ethic, but you will never achieve the success you deserve if you don’t have a lot of time, money, and opportunity on your hands. Or, better put, if you don’t know how to manage the resources you have. 

You only need to ask yourself, “Do I have enough money to open a fast-food franchise? Is investing in a big franchise my only option?”

You can answer these questions and start working on your investment plan, but what if space, instead of money, is restricting you? Or, what if you’re a home person who hates the idea of going to an office to work? You will then seek out franchises that can start in your own home, and maybe in the process, you’ll discover that many of them are more available to you than ever. 

Looking for a New Franchise Opportunity? Here Are 5 Hot Brands

With hectic schedules ruling these days, having a home-based company helps you to “seek your joy” without having to drive to an office every day. In different industries, there are several home-based incentives for you to work at home full or part-time. Are you prepared to launch your own productive company from home? There is no excuse not to continue with initial investments as small as $10,000! 

There are great opportunities of work from home franchises you can choose from without doing that much of a research, but here you’ll find a list of 5 brands that may be beneficial for you and your economy.  But first:

Why Consider a Home-Based Franchise?

In addition to the excellent flexibility provided by operating from home, most home companies offer lower start-up costs and overheads, since you run the entire or part of the company. Home-driven franchises are perfect for working parents who are willing to schedule their hours and reduce the costs of childcare. You will also save taxes by running your business away from home, making a home-based company an attractive choice for those who want to be their boss.

You Become Your Own Boss

There are countless possibilities! You may consider a retailer or a distributor selling specific products or services. By owning a work from home franchise, you can hire others to help you expand your company with network or multi-opportunities. Once you find the right product or service to invest in, you will become your boss. Bosses can manage their time and have control over priorities without sacrificing all your life and time to it. 

Why Consider a Home-Based Franchise?

It Lets You Balance Your Work and Home Life

Balancing your life and work is more feasible than you think. All you have to do is set boundaries, so you don’t get caught up in a messy loop. Consider your time a priority, set working hours, and stick to them; also, make your workspace fit you and have all the attitude to make it so! You would have more time to be with your family and friends.

Change Your Career Trajectory

A career path is a direction your job takes as it makes its way into your future. It can go backward—or forward during your years of employment. This will depend on how much you prepare and work to get to where you want. The job trajectory may look like downhill or a staircase; however, if you are willing to change that, then buying a franchise is the right option to manipulate your career trajectory to move forward. You don’t have to get stuck in one path when you can take complete control over what’s coming your way. 

Which Are The Best Work From Home Franchise Opportunities?

Finding a home-based franchise is a perfect way to create extra revenue in your home’s comfort. A home-based company is the best choice for you if you are looking for legitimate work at home. Here’s a list of home company ideas for the most innovative franchise opportunities today. The next five are among the best options for work from home franchises:

Cruise Planners

Cruise Planners Franchise
from cruiseplanners.com


This vacation planning franchise is aimed at people who want to work from home and have a passion for travel.
Cruise Planners franchisees sell full-service vacation packages, including cruises, land-based vacations, trip insurance, and car rentals. Getting started costs $10,995 and includes a six-day in-person training course in Fort Lauderdale, Florida, ongoing home office support, and $1 million in insurance. Also, Cruise Planners has figured in the Entrepreneur Franchise 500 list for 14 years in a row.

Cost

  • Initial investment: $2,095 to $22,867
  • Initial franchise fee: $495 to $10,495

Category:  Work from home

Bloomin’ Blinds

Bloomin’ Blinds Franchise
from bloominblinds.com


You can start your business with a
Bloomin’ Blinds franchise, as they provide distribution, installation, and repair of blinds. A simple but practical choice, and also, not that expensive to get. Bloomin’ Blinds also offers excellent pricing due to their bulk purchasing, plus, a limited lifetime warranty protects everything they sell.         

Cost

  • Cash Required: $ 50,000     

Category: Work from home

CBD Vending Machine 

CBD Vending Franchise
from cbdvending.com


You can start a $55,000+
CBD Vending Machine business, which can deposit regular income directly to your account. CBD has become more and more common in therapeutic oils and other medicinal products and is one of the hottest products on the planet. Secure your place as the places go fast today. CBD’s earnings are impressive. A $50,000 annual cumulative cash flow is achievable.

Cost

  • Cash Required: $ 55,000     

Category: Work From Home

N-Hance Wood Refinishing

N-Hance Wood Refinishing Franchise
from nhance.com

N-Hance Wood Refinishing is a No. 1 option, with approximately 500 franchises in operation all over the United States, N-Hance is in charge of refurbishing cabinets, walls, furniture and other surfaces of wood. N-Hance is a low-cost, highly sized investment opportunity created by the same firm that launched the world’s leading carpet cleaners company, Chem-Dry, in 2001. It is an established business model that is revolutionizing America’s $450 billion home renovation industry. 

Cost: 

  • Cash Required: $ 40,000 – $50,000   

Category: Work from home

  • Related franchise: Monster Tree Service Franchise 

Want to learn more about tree service franchises? Tree Franchise has the most professional team of consultants, who can guide you through all the perks of owning a tree service franchise.

Snap-on Tools

Snap-On Tools Franchise
from snapon.com


To get started,
Snap-on Tools—which offers toolboxes, hand tools, power tools, and more— gives you mobile franchising opportunities. It keeps the firm competitive, and even though six figures is a lot, it’s still less than what you might pay for a restaurant like McDonald’s, and far less than most hotels. Snap-on Tools is open to potential franchises, which makes it an excellent option for any prospective franchisee that wants to make a profit out of it. 

Cost:

Initial investment: $169,503 to $350,231

Initial franchise fee: $7,500 to $15,000

Category: Work from home

Working from home is something that can give you great results if only you take the time to learn about the most important work from home franchises out there. Today’s the day you stop pondering on what to do with your life and start focusing on what’s efficient and constant. Opportunities are waiting for you to take them, start your work from home franchise today and earn significant cash!

Find The Best New Franchise Opportunity

Now, if you’re ready to move on with the purchase of a new franchise, then you have to buy the right franchises; for this, you only need to ask yourself, “Do I have enough money to open a fast-food franchise? Can I give it a try at a hotel with seven (or more) figures? Is it worth it to start big or with a new franchise that’s less expensive?”

Also, you may have an excellent business idea or outstanding work ethic, but you will never achieve the success you deserve if you don’t have a lot of time and opportunity on your hands. And above all else, you need to know what you want. Once you do this, everything will start flowing as naturally as a river. 

This is why, before deciding to change your life with the possibility of a new franchise, you need to answer the questions from the beginning and start working on your investment plan. In the process, you’ll discover that many of them are more available to you than ever. Buying a new franchise can benefit you and your family in ways you wouldn’t even imagine.

Looking for a New Franchise Opportunity? Here Are 5 Hot Brands

With hectic schedules, these days having a piece of a famous franchise helps you to “seek your joy” without worrying about the many issues that are involved with starting a business from scratch. There are great opportunities in the 2020 new franchises lists from which you can choose without doing that much of a research, but here you’ll find a list of 5 brands that may be beneficial for you and your economy in 2020.

Why Choose a Small Business Franchise?

The biggest obstacle to the contemporary entrepreneur’s growth is capital insufficiency. And franchising allows companies to grow without the possibility of debt or equity costs. In comparison to purchasing an existing business completely or beginning a new one from scratch, a franchise has its advantages and disadvantages. Nonetheless, special requirements are needed, as becoming a partner in a bigger organization when you are a franchisee, makes you an essential part of a larger business structure. 

Pros of New Franchises

Like most things in life, you have to ponder the advantages or disadvantages of any decision you are about to make, and with new franchises, this is no exception. Always remember to weigh the pros and cons of any franchise you have the eyes on, and if you have enough income to make it thrive. To make it easier for you, here are the main advantages and disadvantages of starting a franchise:

Advantages 

  • Recognition
  • Support
  • Training
  • Great marketing and advertising 
  • Financing assistance
  • Site Selection
  • Possible special discounted fees if you’re part of a minority or vulnerable group. 

Cons of New Franchise

Disadvantages

  • Royalties
  • Franchise fees
  • No total control (franchisees attain to the franchisor’s will)
  • Termination clauses
  • Required purchases
  • Business uncertainty (as it sometimes it can be too new in the market)

Pick the Right Franchise Or Existing Business For You

There are many places to look for when considering buying a franchise, but going directly to the franchisor is the most obvious place to start; even more so if you already have a pretty good idea in which franchise you are interested in. By doing this, you can provide the franchisor with all the details you would need to purchase a franchise. This is the perfect way to start and pick the right franchise or existing business for you.

If you have no idea where to start regarding this new phase of your life, then you can consider a franchise consultant. A franchise consultant is someone who helps you decide, at no cost, what kind of franchise is better for you, and in case you’ve decided on the category or concept, a consultant can be someone that helps guide you towards the best brand for your goals and financial capability.

You can also try looking in any of the next options:

  • Newspapers 
  • Internet (with caution)

To make this easier for you, here is a list of the 5 new franchises to invest in 2020.

SafeSplash/SwimLabs/Swimtastic

SafeSplash Franchise SwimLabs Franchise Swimtastic Franchise
from streamlinebrands.com

Cost

Initial Investment: $44,500 – $1,790,000

Liquid Cash Requirement: $60,000 – $300,000

Why it’s a good opportunity

SafeSplash Swim School specializes in teaching swimming to children from 6 months old to adults, as well as organizing summer camps, parties and such. They dedicate their work to developing a  happy lifelong swimmer. SafeSplash is the largest and fastest growing swim school brand in North America. They have successfully taught over 7 million swim lessons over the past decade and they’re opening new locations throughout North America on a monthly basis, so the chances are that you may have a location right around the corner from you pretty soon. 

Also, SafeSplash/SwimLabs/Swimtastic has relationships with third-party sources that offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, and payroll.

Urban Air Adventure Park

Urban Air Adventure Park Franchise
from urbanairtrampolinepark.com

Cost

  • Franchise fee:  $30,000

Why it’s a good opportunity

Urban Air Adventure Park is a private company and has won multiple awards including Shape Magazine’s designation “Best Gym in America for Kids.” SMU Cox Dallas 100 has recently been recognized as one of Dallas ‘ Top 8 companies for its diversity, innovation and dedication in developing and sustaining a company in today’s competitive climate.

Urban Air is the leading family fun destination with a range of attractions for all ages. The entertainment group, based on Dallas, pioneered the Adventure Park idea and is now the world’s leading adventure park operator. There are 300 locations scheduled for 2020.

Profile by Sanford

Profile by Sanford Franchise
from profileplan.com

Cost

  • Initial Investment: $445,000 – $699,500
  • Liquid Cash Requirement: $100,000

Why it’s a good opportunity

Profile by Sanford was listed for the second time on the competing Franchise 500 list of Entrepreneur magazine. In its Franchise 500 ranking for 2020, the company magazine ranked the wellness coaching system No. 64 —a leap of 100 points from its 2019 ranking.

Sanford Profile incorporates nutrition, workouts and lifestyle coaching to promote weight management and weight loss for participants. Sanford Health doctors and scientists developed the plan for a positive improvement in lifestyle.

Sanford Profile has ties with third-party sources that include funding to cover: start-up costs, facilities, stock, accounts receivable, payroll, and veteran incentives.

Experimax

Experimax Franchise
frim experimax.com

Cost

Cash Required: $60,000Total Investment:$175,000

Why it’s a good opportunity

Experimax is a special concept. They sell Apple ® devices and accessories, repair, trade-ins, device and system upgrades, which are already owned. Such goods and services are popular and can all be purchased at a single location.

Experimax has a greater quality of life for franchisees and franchise workers than many others. The venues are closed on Sundays and on public holidays and hold conviniet business hours. The majority of workers want to work in the technology industry and most consumers like the goods and services provided by Experimax locations, making the Experimax location experience fun and cheerful.

Monster Tree Service

Monster Tree Service Franchising
from whymonster.com

Cost

The initial franchise fee for a single territory is $49,500. It includes an exclusive, protected territory of at least 200,000 in population.

Why it’s a good opportunity

Established in 2008, Monster Tree Service® has quickly become the most trusted, successful and recognized tree service franchise in the nation.  We’re a national brand with local experts.

Monster Tree Service® is a home-based franchise opportunity that offers:

  • Multiple Revenue Streams
  • High Repeat Sales
  • Great Profit Margins
  • Scalable Growth
  • Normal Hours

If you are looking for a solid, sustainable business model that is fun to operate and makes money, and can see yourself in business with the nations’ number one Tree Care franchise, Monster Tree Service franchise might be the perfect franchise for you.

If you’re interested in the tree service franchise business, then you can get free and honest consultation regarding the subject on Tree Franchise, as they specifically work with people that’s looking for a tree franchise to invest in. 

In conclusion, choosing to invest in a franchise, no matter if small or big, can be a decision you will be mostly grateful for in the future. All it takes is for you to do the right research and ask professionals for help, so no matter what decision you make, you can be certain that you did the right thing. New franchises are a great way to start on a big dream, and you can prove it!

Easy Franchise Opportunities For New Investors

Looking for an Easy Franchise Opportunity?

When your desire is to develop a business but don’t want to start from scratch, franchising is perfect for you. As franchise owners, you have the ability to start small because you get the advantages and help of a larger network, the parent company and other franchisees.

Franchisors will teach you about the effective management of your sector and provide you with the supplies and equipment you need for your shopping activities. Moreover, by using various sales and marketing techniques, you can learn from the franchisor about how to develop your franchise business. Getting easy franchise opportunities requires research, time, great finances and above all, the willingness to go along with an already established and successful business strategy. 

Low Cost Franchises: What You Can Expect

Some of the low-cost franchises you can buy into are (usually) travel agencies, business cleaning firms, property management, fitness and sports instructors franchises, training / tutoring franchising, windshield repair and others. Of course, it’s not a good idea to buy into a franchise only because it is cheap —some affordable franchises are cheap for one reason: they aren’t worth it— so you should focus on those that have a small prize but also the potential for high profits. 

Is a Franchise Opportunity The Best For Me? - Easy franchise opportunities

Is a Franchise Opportunity The Best For Me?

Owning a franchise is the right move as long as you choose the right franchise, and luckily for you, there are many ways you can be sure you made the right choice.One of the first things you should do before owning and buying a franchise, is to be careful with franchise review websites that boast and claim the “best franchises” and “top franchises”; because they aren’t always truthful, or more specifically, aren’t giving you the whole picture. 

The main things to consider when looking for a franchise brand are: 

  • If the brand’s products or services go with your personality and goals.
  • Your skills will also play an essential role in deciding which brand to choose from. Write down in a legal pad all your qualities and skills and maybe even what you want to learn from having a franchise. 
  • Do your research. The franchise’s financial performance, which is available through its Franchise Disclosure Agreement (FDD), is going to be a critical deciding factor as well. That document has the phone numbers and contact info for all of the franchisees, so you can call them up and ask them for objective information about the brand.  
  • Just how much does a brand offer in terms of help starting up? Do they pay for your training? Uniforms? Do they take care of the marketing? Do they help with business loans? Just make sure you don’t go for the cheapest just for the sake of saving a few bucks. That might cost you more in the long run.  

Financing Options For Low-Cost Franchises

While some new and lower cost franchises pose risks in comparison with their pricier competition, they offer numerous additional benefits that are difficult to ignore: flexibility, efficiency, higher wages, scalability and resilience.

Low-cost franchises are usually domestic companies that only need good credit and do not need a lot of capital, income can be generated faster, which means you have the chance to expand your business by investing in a low cost franchise.

Beverage Franchises

  • Gloria Jean’s Coffee 

Gloria Jean’s Coffee Franchise
from gloriajeans.com


First on out list of easy franchise opportunities and business opportunities is Gloria Jean’s Coffees. With this
Australian-brewed coffee shop, you can expect the total investment to reach between $200,000 and $480,000.

Cost

$150,000 as cash investment to put up 

  • Dunkin’ Donuts

Dunkin’ Donuts Franchise
from dunkindonuts.com

Dunkin’ Donuts is one of the top retailers of hot and iced coffee, plus, it also provides a 20% discount to qualified veterans who purchase five or fewer stores.

With franchises in 32 countries this company is as popular as ever.They also help their franchisees to pick, build, run, manage and advertise their sites with training and assistance.

Cost

$250,000 cash investment

Why it’s a good opportunity

You should try beverage franchises if you don’t want to deal with the struggle of food chains. From coffee to fruit juices and smoothies, you have plenty from which you can choose. However, if you wish, you can also sell other snacks. Beverages franchises are easy because there are plenty of businesses that enjoy fame and excellent income due to the express service, and you can take part in the benefits. 

The UPS Store

The UPS Store Franchise
from theupsstore.com

Cost

  • Franchise fee: $29,950
  • Total Initial investment: $138,433 to $460,031

Why it’s a good opportunity

Within the business services sector the UPS Store is the leading franchise. This means it’s  financially secured, marketed and specially qualified and friendly. In the United States, 84 percent of the population live within 10 miles from an UPS shop.

Also, UPS store offers: 

  • Flexibility
  • Comprehensive Training
  • Advertising and Marketing Support
  • Operational Support
  • Minimized Risk

Curves International

Curves International Franchise
from curves.com


Cost

You need about $30,000 to $35,000 cash investment

Why it’s a good opportunity

These days, you can invest in a company which helps you realize your personal goals along  with more knowledge of your health. This business allows you to support your candidates by fitness programs to become the best version of themselves.

Curves International is one of the world’s largest fitness center chains and is renowned for its 30-minute circuit with a coach, which deals with strength, conditioning and stretching for any major muscle group. The Jillian Michaels** Curves Workouts deliver cutting-edge full body workouts, presented in combination with functional body weight dependent exercises, which helps improve metabolism and change physics.

Monster Tree Service

Monster Tree Service Franchising
from whymonster.com


Cost

The initial franchise fee for a single territory is $49,500. It includes an exclusive, protected territory of at least 200,000 in population.

Why it’s a good opportunity

Established in 2008, Monster Tree Service franchise has quickly become the most trusted, successful and recognized tree service franchise in the nation.  We’re a national brand with local experts.

Monster Tree Service® is a home-based franchise opportunity that offers franchise owners:

  • Multiple Revenue Streams
  • High Repeat Sales
  • Great Profit Margins
  • Scalable Growth
  • Normal Hours.
If you’re interested in the tree service franchise business, then you can get free and honest consultation regarding the subject on Tree Franchise.

Cruise Planners

Cruise Planners Franchise
from cruiseplanners.com


Cost

Franchise fee: $10,995

Total Initial investment: $2,095 to $22,867

Cruise Planners is a cruise planning agency. It’s home-based, so you don’t need to factor in the cost of real estate. Prior experience in travel planning is not required, and the company offers comprehensive training.

Similar to Dream Vacations, this vacation planning franchise is aimed at people who want to work from home and have a passion for travel. Cruise Planners franchisees sell full-service vacation packages, including cruises, land-based vacations, trip insurance, and car rentals. Startup costs will be $10,995 and includes a six-day in-person training course in Fort Lauderdale, Florida, ongoing home office support, and $1 million in insurance. Also, Cruise Planners has figured in the Entrepreneur Franchise 500 list for 14 years in a row.

For first-time entrepreneurs, investing in a franchise is one of the best choices to make, as the franchisor is in charge of training and guidance. Easy Franchising can be a great way to get a business going and run yourself. It is a distribution form of a company’s goods and services that gives franchise owners a franchise license. You are highly likely to succeed when you sell goods from a known and favorite brand, so you better stick to the numbers and recognition of the brands on your list. 

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