EXPEDIA CRUISESHIP CENTERS Franchise Startup Cost, Profit Margin, Revenue and Locations
A lot of business entrepreneurs will prefer to engage in a venture that not only gives unlimited earnings, but also the freedom to travel round the world. One of the businesses that do that is Cruise Ship franchises and Expedia CruiseshipCenters is just one of the few franchises in the travels industry that will give that freedom to work at your own schedule and also travel round the globe.
In the course of this article, we will discuss how much is an Expedia CruiseshipCenters franchise.
FRANCHISE INFORMATION ABOUT THE COMPANY
Expedia CruiseshipCenters was established in the year 1987 and it is one of the leaders in cruise travels in the United States and Canada. The company is growing rapidly with more than 230 locations operating and under construction, spread round the world.
The company considers its growth to be dependent on three factors:
- The proven business model, which is quite affordable and also scalable
- The company’s focus on cruise vacations, which has made them a trusted resource among vacationers that have the preference of booking their tours with travels agents.
- The growth of the cruise industry.
IS EXPEDIA CRUISESHIPCENTERS A FRANCHISE?
The company started selling franchises in the same year it was established. This indicates that they 30 yers of franchise experience with a workable franchise model.
WHY BUY AN EXPEDIA CRUISESHIPCENTERS FRANCHISE?
Buying into the company’s franchise will give you so much opportunities that you will not see with other franchises. Apart from the fact that Expedia CruiseshipCenters is the largest cruise seller in the whole of North America, franchisees with the company also work as travel brokers and not just agents only. In fact, most of the company’s franchisees have been trained and empowered to train and manage other team of agents. This has given them the potential to earn from higher revenue and make more profits.
HOW MUCH CAN YOU MAKE WITH THIS FRANCHISE?
The total earnings a franchisee will make with the company will depend on so many factors. The effort that you input in the business will also go a long way in determining how far you go. Although from records, the annual average revenue a Expedia CruiseshipCenters franchisee can make is within the range of $150,000.
WHAT SIZE LOCATION IS NEEDED FOR THE FRANCHISE?
The company recommends a minimum of 1000 feet square location size for an Expedia CruiseshipCenters unit.
HOW MANY EMPLOYEES?
As a franchisee with the company, you might not necessarily need to employ any one to carry out the activities of your franchise unit. Most franchisees give support to a team of travel agents, who are paid commission for their sales. It is however recommended that franchisees should at least recruit a minimum of 30 agents in their first year of operation.
WHAT ARE THE AVAILABLE FRANCHISE LOCATIONS?
Expedia CruiseshipCenters is growing at an exponential rate across North America and there are major locations available for take up in all regions. As at the year 2016, the company had about 54 locations across the US and more than 162 in Canada. There is a big plan to have several thousand locations by the year 2020. So the opportunity is opened to every potential franchisee.
WHAT IS THE COST OF AN EXPEDIA CRUISESHIPCENTERS FRANCHISE?
The Expedia CruiseshipCenters franchise cost is `considered` as the total amount of investment needed to get a franchise unit running. The initial investment needed in this business is within the range of $100,000 and $180,000. With a net worth requirement of about $300,000 and a liquid cash requirement of non-borrowed money to the tune of $100,000
EXPEDIA CRUISESHIPCENTERS FRANCHISE FEE
The Expedia CruiseshipCenters franchise fee is the payment that new franchisees will make to the company to grant them the license to operate under the company’s brand names. The initial franchise fee payment is $39,000 with an additional on-going royalty fee of 9% of the monthly gross revenue of the franchise unit and also an ad royalty fee of $600 per month.
Expedia CruiseshipCenters has a proven support system and resources that will facilitate a smooth entrance into the business. Even if you have no previous experience in the industry, you can still run a successful cruise selling franchise.
Franchisees will be trained at the company’s Cruise management Academy and will be exposed to the process of the business.
WHO QUALIFIES FOR AN EXPEDIA CRUISESHIPCENTERS FRANCHISE?
The company seeks for individuals with great leadership skills and the ability to give customers the best experience. Franchises can come from any walk of life, the most important factor is the readiness to learn and be coached and also have a passion for travel.
HOW TO OPEN AN EXPEDIA CRUISESHIPCENTERS FRANCHISE
Information in this article has been able to touch the aspects on how to open an Expedia CruiseshipCenters franchise. However prospects will need to forward their application to the company’s website. Once your application is received, it will be reviewed and if you are considered for a franchise opportunity, the company will assign a franchise manager to you.
The responsibility of the franchise manager will be to assist you in the establishment of your franchise unit.