Cruise Holidays

#376

At a Glance

Products & Services: Cruise travel agency

Number of Locations: 212

Total Investment: $10.35K - 160.35K

Founded: 1984

Began Franchising: 1984

Private Owned

About Cruise Holidays

Cruise Holidays, founded in 1984, was acquired by travel franchise ByeByeNow.com in 1999. When ByeByeNow.com filed for bankruptcy in early 2001, its assets were acquired by Carlson Travel Network Associates Inc. in bankruptcy court later that year. Following the acquisition, Carlson decided to relaunch Cruise Holidays as a cruise-only travel planning and booking brand.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2011	147	34	27	4
2010	168	34	0	0
2009	178	28	1	0
2008	212	34	0	0

Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Canada, Western Europe.

Startup Costs, Ongoing Fees and Financing

Total Investment: $10,350 - $160,350
Franchise Fee: $9,500 - $30,000
Ongoing Royalty Fee: to 3%
Term of Franchise Agreement: 10 years, renewable

Financial Requirements

Net Worth: $15,000
Liquid Cash Available: $10,350

Operations

Franchise can be run from home. 3% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

Financing Type	In-House	Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: Varies. Conference calls; annual mid-year meeting, 2 days; annual convention, 6-7 days; annual group training seminar, 7 days

Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives,

Marketing Support: Co-op advertising, Ad slicks,

Other marketing support: Websites, consumer magazine