Cruise Holidays

#388

At a Glance

Products & Services: Cruise travel agency

Number of Locations: 225

Total Investment: $10.35K - 160.35K

Founded: 1984

Began Franchising: 1984

About Cruise Holidays

Cruise Holidays, a cruise travel franchise, was founded in 1984. It is part of Travel Leaders Group, a travel services parent company comprised of multiple operating subsidiaries. Headquartered in Minneapolis, Minnesota, Cruise Holidays is made up of retail locations as well as home-based franchise owners concentrated in the United States and Canada.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2012	134	40	47	4
2011	147	34	27	4
2010	168	34	0	0
2009	178	28	1	0

Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Australia/New Zealand, 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