Travel is a part of our life, and travel agencies have the potential to generate high income because they can tend to all kinds of people from various income levels.
Cruise Planners is perhaps one of the biggest and most popular travel agent franchise networks in the United States. That’s why you might think of being a part of their network through franchising.
They are currently offering franchising, and they are very good at it with thorough training and detailed training for their franchisees.
That’s why it could be a great idea to become a franchisee for Cruise Planners. This article will take a look at Cruise Planners’ franchise system and the associated costs.
About Cruise Planners and Its History
Cruise Planners is a privately owned American travel agent franchise network. They were founded in 1994 and had its headquarters in Florida.
Their specialization lies in booking luxurious vacations, tours, cruises, and travel plans to destinations all around the world.
They currently have over 2,500 franchise owners across the United States.
Cruise Planners have been offering franchising since 1995, and they have a unique business model.
In addition to this, they have been ranked as the number one travel franchise every year since 2002 by Entrepreneurs.
This makes them one of the best travel franchises to own as an entrepreneur.
Cruise Planner Franchise Model
| Cost Or Fees | Amount |
|---|---|
| Initial Investment       | $2,295-$23,367 |
| Franchise | YES |
| Franchising Since | 1995 |
| Franchise-Fee | $695-$10,995 |
| Royalty-Fee | 3% |
| Liquidity | $6,995 |
| Estimated Outlets | 2,656 |
How Much Does It Cost To Open A Cruise Planners Franchise?
The total cost range for a Cruise Planners is between $2,295 and $23,367, which includes the franchise fee.
The franchise fee also varies based on the commissions and your assessment experience. It’s generally somewhere between $695 and $10,995.
You need to pay an annual $85 access fee for each person that you register.
There is also a maintenance fee that could go up to $2,000 and an insurance fee which is $180 per person. All this is included in the average total cost range.
Cruise Planners Franchise Requirements
The good thing about Cruise Planners is that they do not require any personal background in the industry.
So long you can pay the franchise fee, which is between $695 and $10,995, you can apply to be a Cruise Planners franchisee.
In addition, they require you to pay a 3% royalty fee to the brand each month.
Cruise Planners Training and Support
When you get approved, the first training you take on is a 6-day training with the leadership team and the industry partners.
This training happens in their headquarters in Florida. In addition, there is also a classroom training of 42 hours where they teach you the basics of managing the franchise.
They also have a web-based training course system called Cruisitude Academy. You can access this system whenever you want and have extra training on request.
Cruise Planners also give you ongoing business development, coaching support, and help on your marketing programs.
Cruise Planners Terms of Agreement and Renewal
The initial term of the first agreement is for three years. After that, a renewal might be possible if you are in good standing with the franchisor.
You shouldn’t have breached anything during your first term, and the franchisor must be willing to extend your agreement.
Cruise Planner’s Obligations and Restrictions
The franchisee is obligated to attend the 6-day long initial training at the company’s headquarters before you can start your operations.
In addition, once you start your operations, you must pay a maximum of 3% of the royalty fee to the brand each month from gross sales.
You are restricted from selling any product or service that the Cruise Planners do not approve beforehand.
You are also obligated to sell any kind of product or service that is laid out in the franchise agreement by the franchisor.
Cruise Planners Financial Assistance
Cruise Planners doesn’t offer direct or indirect financial assistance.
However, special discount programs are available for certain demographics, such as first responders, travel industry professionals, and current or ex-military members.
Entrepreneurs considering a venture into the travel service franchise sector might explore options such as the Dream Vacation franchise.
Cruise Planners Comparison
| Name | Franchise Fee | Royalty Fee | Initial Investment |
|---|---|---|---|
| Expedia Cruises | $39,000 | 9% | $155,850-$275,945 |
| Dream Vacations | $10,500 | 1.5%-3% | $11,800-$21,000 |
| Cruise Planners | $695-$10,995 | 3% | $2,295-$23,367 |
Conclusion
Cruise Planners is one of the most famous franchise travel agency networks in the United States, with over 2,500 franchises across almost all states.
They have been offering franchising since 1995 and have established systems, training, and support for their franchisees.
All this makes Cruise Planners a perfect opportunity for any kind of entrepreneur from every level.
Average Cruise Planners franchise makes over $50,000 in annual income with about 40% to 50% profit margin.
This massive profit margin could provide great results to franchise owners. Owning a Cruise Planners franchise could be a great way to make good money.
However, before investing also access all the information about how much a Cruise Planner franchise owner make.
FAQs
What is the franchise fee for a Cruise Planners franchise?
Cruise Planners franchise fee is between $695 and $10,995. It depends on individual cases, the commissions, and some other factors when you are opening the franchise.
Is Cruise Planners a franchise?
Yes, Cruise Planners is currently a franchise, and they have been offering franchise opportunities since 1995.
They offer all kinds of help for you to apply to become a franchise and even offer several discount plans for eligible people to reduce the total cost.
How much do I have to invest in opening a Cruise Planners franchise?
The average total cost for a Cruise Planners franchise is between $2,295 and $23,367.
Depending on your location, the size of the franchise, and other factors, these prices change a lot.
Sources
https://www.cruiseplannersfranchise.com/faqs
https://en.wikipedia.org/wiki/Cruise_Planners
Amit Gupta is an experienced expert in digital marketing and co-founder of DrFranchises. With more than 11 years of knowledge in franchise digital marketing, SEO, email marketing, and social media marketing, Amit has helped many brands achieve incredible success online. As a passionate entrepreneur and owner of 7 franchises, he continues to study franchise models, looking at costs, revenue, and profitability to guide brands toward profitable growth. When he’s not working on digital marketing, Amit enjoys spending time playing with his beloved dog.