FREE Franchise Guide!
2024 Franchise 500 Rank
#451 Not ranked last year
See the Full List
Initial investment
$112K - $153K
Units as of 2024
116 Increase 41.5% over 3 years

Founded in 2008, iTrip Vacations is a rental property management company. Vacation property owners founded the company because they were unsatisfied with obsolete ways of managing their properties. The company began franchising in 2015 and its headquarters are located in Brentwood, Tennessee.

iTrip Vacations gives franchisees the chance to build a lifestyle business at a location of their choice. Preferably, this will be a place where many people like to visit and spend their holidays. Each franchisee may earn a commission on rental bookings and income generated from rental fees charged to the guests.

As a franchisee, you'll provide a full-service rental management program to guests and homeowners on vacation. You'll manage the entire process, including adjusting pricing, preparing and listing properties, handling guest requests, and supervising cleaning and maintenance. You may also acquire more properties to grow your business. This entails presentations and meetings with homeowner associations, local real estate agents, and more in order to gain more clients.

Why You May Want to Start an iTrip Vacations Franchise

With over 80 franchises across the U.S., iTrip Vacations has a proven business model. Members of the iTrip Vacations headquarters' team will visit your market when you first open to help with operations, sales, and networking. You will not be left without support and guidance from the company. 

There's no equipment or inventory to buy when franchising. All you need is a smartphone and a computer. The company's structure is virtual with automation and efficiencies that allow you to operate your business right from home without many expenses. With low startup costs, you may be in good shape to begin your own iTrip Vacations franchise. The vacation rental market has ignited, and iTrip Vacations is there to help you grow your franchise. 

What Might Make an iTrip Vacations Franchise a Good Choice?

iTrip Vacations’ total investment includes a franchise fee and other startup costs. You will also need to meet a minimum net worth and have liquid capital. Be prepared to pay a monthly franchise royalty fee, as well. It would be wise to speak with your financial planner when you are ready to buy a franchise.. 

With many Americans wishing to take vacations, iTrip Vacations offers franchisees a chance to enter a growing business. 

How Do You Open an iTrip Vacations Franchise?

An ideal franchisee is someone who has previous business experience, a strong work ethic, a desire to follow the iTrip Vacations model, and financial stability. 

As you  progress through the iTrip Vacations franchise process, you may receive an invitation for an interactive training program. Here, you will discuss the business model and what an investment may entail,among other aspects of the iTrip Vacations business model.

Franchisees will be assigned a support consultant who will guide them through the startup of the franchise location. Before franchisees open a franchise, they must also attend mandatory training in Brentwood, Tennessee. This will give franchisees an in-depth knowledge of managing the franchise's daily operations. 

Find Your Perfect Franchise

Company Overview

About iTrip

Industry Business Services
Related Categories Property Management
Founded 2008
Parent Company InhabitIQ
Leadership Vickie Storm, GM/CEO
Corporate Address 205 Powell Pl., #309
Brentwood, TN 37027
Social Facebook, Twitter, LinkedIn, Instagram, Pinterest

Business Overview

Franchising Since 2015 (9 years)
# of employees at HQ 20
Where seeking

This company is offering new franchises throughout the US.

# of Units 116 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a iTrip franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$10,000 - $30,000
Initial Investment Information Circle
$111,500 - $153,000
Net Worth Requirement Information Circle
$200,000
Cash Requirement Information Circle
$130,000 - $150,000
Veteran Incentives Information Circle
10% off franchise fee
Royalty Fee Information Circle
4%-6.1%
Ad Royalty Fee Information Circle
to 1%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
Take Our Free Franchise Quiz!

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing iTrip has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 28 hours
Classroom Training 21 hours
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
Yes
Can this franchise be run part time? Information Circle
No
# of employees required to run -2
Are exclusive territories available? Information Circle
Yes
Take our quick quiz to find your ideal franchise

Franchise 500 Ranking History

Compare where iTrip landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where iTrip ranked on other franchise lists? Find out below.

Sign Up for Our Franchise Newsletter

Stay up to date on the latest news and trends affecting the franchise industry.

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to iTrip.

Poolwerx

description
Pool and spa maintenance, service, remodeling, and supplies

Exit Factor

description
Business coaching and consulting services

Wed Society

description
Digital and print wedding publications and wedding planning events

BooXkeeping

description
Bookkeeping for small and medium businesses

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

Franchise

How to Create Franchise Videos That Inspire — And Convert Interest Into Action

The best franchise videos don't just inform, they connect emotionally. To capture those kinds of stories, you need to do more than just scripted interviews and staged office shots.

Franchise

How Setting Clear Financial Goals Can Transform Your Business and Personal Success

Dive in to refresh your core financial competencies — from cash flow management to understanding key financial statements.

Franchise

McDonald's Is Launching the Highly Anticipated Chicken Big Mac in the U.S. — Here's When

The sandwich was a massive hit in the United Kingdom, selling out in just 10 days during its limited run in 2022.

Franchise

How California's New Disclosure Law Could Affect Franchise Sales Nationwide

The bipartisan legislation introduces new registration and pre-sale disclosure requirements for third-party franchise sellers, including brokers, broker networks and franchise sales organizations.

Franchise

Get Paid to Travel the World and Eat By Applying to Be This Hotel Brand's 'Chief Eats Officer'

The dream role for a food-lover and travel enthusiast allows them to visit some of the most stunning destinations in the world while sharing their adventures on social media.

Franchise

Free Webinar | October 23: Taking Control of Your Life Through Franchising

Ready to be your own boss? Join our webinar on 10/23 at 2pm ET to learn how being a franchise owner can allow you to take back control of your daily schedule and stop working for someone else. Register now!

See more franchise content
Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022