Cruise Planners Franchise Owner’s Salary & Failure Rate 2024

Looking for a low-cost but high-earning potential franchise opportunity to escape your 9-5 job or perhaps be closer to travel? Cruise Planners franchise is the answer you have been looking for!

In this guide on How Much Does A Cruise Planners Franchise Owner Make, we have answered all the possible questions that you may have regarding this newfound opportunity!

Make sure to read this guide till the end as we break down the investment you will need, the profit you will make, and other things for you!

How Much Does A Cruise Planners Franchise Owner Make

About Cruise Planners

Cruise Planners is a traveling agency that offers lucrative services to explore the world by sea and land.

This American travel service takes pride in providing quality service at very competitive pricing to fulfill all your needs during your traveling

This company was founded in 1994 by Michelle Fee, along with Lynn Korn and Marvin Davis.

However, the credit for the success of the Cruise Planners goes to Michelle, as her passion and willingness drove their business to success.

Today, Cruise Planners has more than 2500 outlets, and it is one of the nation’s largest home-based travel franchises.

Cruise Planners offers franchise opportunities to those investors who are willing to do traveling business and has a positive and travel-driven attitude in general.

As far as the experience is concerned, they are very flexible and do not need you to have any kind of prior background in the traveling business.

Everyone is eligible to buy a Cruise Planners franchise without any restriction.

Moreover, they also provide extensive training and other technical support for you to easily set up this franchise.

So far, so good. Let us now dig deeper and have a look at Cruise Planners Franchise money-wise.


How Much Does A Cruise Planners Franchise Owner Make?

If you are making up your mind as to whether or not you should get the Cruise Planners Franchise, then you must be wondering how much can a Cruise Planners Franchise owner make.

Well, as per records, Cruise Planners can generate $128,682 in annual revenue through its commission.

And as per an esitmated profit margin of 30%, we can find out that Cruise Planners franchise owners can easily make $38,604 annually on average. 

Financial OverviewPercentage of RevenueAmount ($)
Individual Franchise Annual Revenue100%128682.00
Rent8.75%(11259.67)
Insurance4.38%(5629.84)
Salaries17.50%(22519.35)
Franchise Royalty Fees4.38%(5629.84)
Utilities1.75%(2251.93)
Cost of Goods Sold (COGS)21.88%(28149.19)
Labor (Variable)11.37%(14637.58)
Total (Expenses)70.00%(90077.40)
Net Profit30.00%38604.60

Note: The displayed expenses are estimates based on industry averages and standard costs. Actual expenses may vary due to factors like location, business size, and market conditions. We recommend conducting detailed research or consulting with a financial advisor for a tailored financial analysis.

Interested In Cruise Planners Franchise?

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How Much Does a Cruise Planners Employee Earn?

Cruise Planners Employee salary may vary depending on their location, job role, department skills, etc.

However, the average annual pay of a Cruise Planners employee is $66,450 a year in the United States.

If we break this down, then it comes to $31.95 an hour or $1,277/week and $5,537/month.

Furthermore, a Cruise Planners employee with the lowest profile may earn as less as $20,500, or an employee with a high profile may earn as high as $125,000.

The average pay for a Cruise Planners employee varies greatly, which means that there are many opportunities for advancement and hence opportunities for growth in terms of salary. ((https://www.ziprecruiter.com/Salaries/Cruise-Planner-Salary#:~:text=As%20of%20Mar%2015%2C%202023,%2Fweek%20or%20%245%2C537%2Fmonth.))


Pros & Cons Of Cruise Planners Franchise

Pros & Cons Of Cruise Planners Franchise

Pros Of Cruise Planners Franchise

  • Cruise Planners is one of the lowest-cost franchises to own at just $10,995.
  • Does not require you to have any prior experience in the travel industry.
  • Successful franchise that has been running for 25 years now.
  • The company offers personalized coaching and comprehensive training.
  • Offers discounts and other offers to franchise owners for them to travel more.
  • Offer discounts to veterans military men, travel agents, etc. 
  • Work from anywhere in the world.
  • Offers constant support.

Cons Of Cruise Planners Franchise


Cruise Planners Franchise Average Revenue & Profit

The average revenue and profit that you can make as a Cruise Planners franchise owner vary depending on how much time and effort you are willing to put in.

Cruise Planners has clients who work five hours a week and some who even work eighty hours a week. Clearly, the person putting in more time and effort will earn more.

Cruise Planners has not disclosed or made representations about a franchisee’s past your future sales and revenue record.

However, according to the data provided by the Cruise Franchise owner at Glassdoor, after calculating the royalty fees, the estimated average franchise revenue of the Cruise Planners franchise is $128,682.

This data is calculated after considering $12,880 as an initial investment amount and a profit margin of 40%.

Also, during 2021, Cruise Planners saw a 38.7% increase in revenue, which shows that they probably recovered pretty well from Covid-19 losses. And compared to 2020, the company saw a $9 million increase in net income in 2021. ((https://www.glassdoor.com/Salary/Cruise-Planners-Salaries-E773157.htm))


Cruise Planners Franchise Failure Rate

Franchised Outlets:

YearOutlets at the Start of the YearOutlets at the End of the YearNet Change
201928103113+303
202031132654-459
202126542655+1

For the Franchised outlets:

  • In 2019, the growth rate was (303)/2810×100≈10.78%
  • In 2020, the failure rate was (459)/3113×100≈14.74%
  • In 2021, the growth rate was (1)/2654×100≈0.037%

According to the above-mentioned data, we can see that the franchised outlets for Cruise Planners grew in 2019 and 2021, showing a growth rate between 10.78% and 0.037%.

However, the company also experienced failure rate of 14.74% in 2020.


Cruise Planners Franchise Payback Period

Cruise Planners Franchise Payback Period

As mentioned earlier, Cruise Planners Franchise is one of the least expensive franchises that you can get your hands on. As such, the franchise payback period is not that long.

The investment of Cruise Planners is $23,617, and the yearly profit is $38,604.

So, to find out how long it will take to earn back the initial investment:

Payback Period = Investment / Yearly Profit = $23,617/ $38,604= 0.6 years

Based on these figures, it will take approximately 6 months to pay back the initial investment for Cruise Planners. This time period could be longer or shorter depending on your sales, revenue, and profit figures.


Facts About Cruise Planners

  • Cruise Planners is the most extensive travel agent network in the United States.
  • The co-founder of Cruise Planners, Michelle Fee, worked as a travel agent before starting this company.
  • Cruise Planners coined the term “Cruisitude,” which basically refers to a person who has a travel-inclined positive attitude in life.
  • Cruise Planners has been named the #1 home-based travel franchise by Entrepreneur for 18 straight years.
  • This company has been ranked in Entrepreneur’s Franchise 500 list many times in recent years.
  • Cruise Planners offers a home-based franchise model, which means you can run it from anywhere in the world.
  • Cruise Planners is one of the cheapest franchises in the world, with a franchise fee of as low as $10,955 (sometimes you can also get it for $6,995).

What Is Cruise Planners Known For?

Cruise Planners is a travel company that is known for its service, quality, and affordable travel packages and they take care of everything right from planning your cruise to land tours.

Some more reasons why Cruise Planners is so popular is because they have access to special amenities and low travel fares on thousands of tour departures and cruise sailing.

They are also experts in specializing in destination weddings, reunions, group travel, and clubs and associations.

Not to mention that they accept all major credit cards and offer travel protection to ensure your trip, making it all the more alluring option for travelers.


Is Cruise Planners Franchise Profitable?

As per Small Business Administration, a typical franchise investment is around $20,000-$50,000, and an average franchise owner makes around $38,604 annually.

If we take this data into consideration, then we can conclude that, yes, Cruise Planer is a profitable franchise.

Other reasons supporting this statement are that this franchise requires a very low-cost investment of around $2,295-$23,665, and in return, it can generate an average profit of $58,000 annually.

Hence, this data proves that this franchise is giving more return than the investment.

However, this is an average profit. In reality, a Cruise Planners franchise owner can make more than $58,000 or even less; it all depends on your skills and business techniques.

Overall, the franchise’s performance is good, and it has the potential to make a high profit.

So if you do your best and put extra effort into the business, then you can easily make $28 per hour or more.


Cruise Planners Franchise Earning Potential

The earning potential of any company depends a lot on the number of hours and hard work one is willing to put into their business.

As far as the Crusie Planners Franchise is concerned, then its franchise owners make upto $50,000-$60,000 on average.

However, this franchise has a high earning potential, and you can even make as much as $101,000 annually.

Finding clients to get on board might be a bit difficult initially, but once you get the hang of how things work, then you can easily be among the top earners of this franchise business.


Wrap Up

As we discussed above, Cruise Planners offers traveling service opportunities to entrepreneurs, and the policy of the franchise is very flexible.

You don’t need to follow any rigorous interview process, and also, you can buy this franchise without any experience.

Moreover, it is a home-based franchise and requires a low-cost investment. It even makes a decent amount of profit without any huge investment.

So overall, we do not see any massive downfall in this franchise.

If you want, you can also work on a part-time basis with this franchise.

To Conclude, Cruise Planners is one of the best franchise opportunities to invest in.

Still, if you have any confusion, you can read the Franchise Disclosure Document to understand the policy in-depth.


Frequently Asked Questions

What is the monthly royalty fee of Cruise Planners?

Cruise Planners charge a royalty fee of 1.5%-3% on commissions as their fees.

Where is the initial training for Crusie Planners franchise held?

The initial training for the Crusie Planners franchise is held in the Cruise capital of the world – Fort Lauderdale, FL

Does Cruise Planners offer international franchise opportunities?

No, Crusie Planners does not offer international franchise opportunities and is only available for people in the United States.

Who founded Cruise Planners?

Cruise Planners was founded in 1994 by CEO Michelle Fee along with the veterans of the travel industry, Lynn Korn and Marvin Davis.

How many locations does Cruise Planners has?

Cruise Planners is the nation’s largest home-based travel agency franchise with more than 2500 franchise owners in 50 states.

Where is Cruise Planners headquartered?

Cruise Planner is headquartered in Coral Springs, Florida, United States.

2 thoughts on “Cruise Planners Franchise Owner’s Salary & Failure Rate 2024”

  1. Thank you for your evaluate franchise (cruse planner) but i have comments that there is no proof or statistic profits given to the owners of franchise ?
    Did you aske any one of then informed the right in-com.?
    is there is any one cancel it?
    We need to know the stars of customer evaluations for cruse planner.

    Thank you
    Mohammed

    Reply

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