Cruise Planners Franchising LLC/American Express

Cruise/tour travel agency
Year began: 1994    Franchising since: 1999
Since 1994, agents for Coral Springs, Florida-based Cruise Planners/American Express Travel Service have been connecting business and leisure travelers with the ideal cruise. Franchisees work from their homes, selling cruises full or part time.
3300 University Dr., #602
Coral Springs, FL 33065

Phone: (888)582-2150/(954)227-2545
Fax: (954)755-5898

Franchisor has 40 employee(s); 3 employee(s) in franchise department.


Franchise Growth
Year

2008
2007
2006
2005
2004
U.S. Franchises
737
730
680
632
474
Canadian Franchises
0
0
0
0
0

Foreign Franchises
0
0
0
0
0
Company
Owned

0
0
0
0
0

Where Seeking Franchisees
Nationwide

Special Programs
Cruise Planners/ American Express Travel Service bases its annual renewal fee on gross commissionable sales from the previous year. Franchisees with sales of at least $100,000 in the first year have their renewal fees waived.

Costs & Fees
Total investment: $1.9K-19.6K
Express/kiosk option available
Franchise fee: $495-9.99K
Ongoing royalty fee: 3-0%
Term of agreement: 3 years, renewable
Type of Financing Available
In-HouseThird Party
Franchise FeeNoYes
Startup CostsNoYes
EquipmentNoYes
InventoryNoYes
Accounts ReceivableNoYes
PayrollNoYes
Qualifications
Net worth requirement: $17.1K
Cash liquidity requirement: $9.99K

Operations
  • Franchise can be run from home
  • 2-3% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 1 - 2
  • Absentee ownership of franchise is allowed. (97% of current franchisees are owner/operators)

Training & Support
TRAINING
  • Training available

ONGOING SUPPORT
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet
  • Purchasing cooperatives

MARKETING SUPPORT
  • Co-op advertising
  • Ad slicks
  • National media
  • Regional advertising

Rankings in Entrepreneur magazine 2004-2008
Franchise 500® rank:
#114 (2008); #79 (2007); #91 (2006); #118 (2005); #104 (2004);

Ranked #1 in category in:
2008; 2007; 2006; 2005; 2004;

Fastest-Growing Franchises:
#45 (2007); #29 (2006); #55 (2005); #75 (2004);

Top New Ranking:
#5 (2004);

Top home based franchises:
#24 (2008); #20 (2007); #18 (2006); #27 (2005); #23 (2004);

Low-Cost Franchises:
#25 (2008); #25 (2007); #21 (2006); #30 (2005); #26 (2004);

Last Updated: 8/25/2008 12:00:00 AM



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