What Does iTrip’s Vacation Franchise Cost Look Like?
If you are considering investing in a franchise opportunity and wonder about the vacation rental franchise cost, you should know iTrip Vacations represents one of the best investments in the franchise sector. Our opportunity includes everything you need to get going in our growing short-term rental management industry and comes with comprehensive training and support. Read on to learn more about the iTrip vacation franchise cost and all that you receive.
Your Initial Investment
Joining the iTrip family of franchisees is a straightforward process that involves the payment of an initial franchise fee. All franchise brands require new owners to pay an initial fee, which in our case costs $75,000. This fee grants you the right to do business under the iTrip Vacations name and gives you access to all resources, including our time-tested business model, trademarks, logos and more. Our vacation rental franchise cost also includes your initial comprehensive training, where you learn:
- How to reach prospective rental property owners and referral partners
- How to market your franchise to attract your best demographics
- How to maximize your networking efforts
- How to manage your properties and listings
- How to leverage our exclusive software and technology, and more
We do not risk your preparedness because we know the importance of beginning your journey with a strong foothold. Not only does your success depend upon it, but the reputation of our brand as a whole, which is why we commit to being there for you every step of the way!
Liquid Capital and Royalty Fee
In addition to our one-time franchise fee and part of our vacation franchise cost, we require you to have a net worth of $250,000 and access to $200,000 in liquid capital. Financial stability is vital at the start because it offers you the flexibility and peace of mind to navigate the newness of business ownership.
Furthermore, once you start your iTrip Vacations franchise, you pay a 5% monthly royalty fee against your gross receipts. Among other things, this amount allows us to continue our ongoing marketing efforts on your behalf and supports our continued research and development.
We have covered just a brief outline of some of the necessary expenses associated with our investment opportunity. For a more in-depth explanation of our vacation rental franchise costs and what you recieve, request a copy of our Franchise Disclosure Document, which provides the complete details of your investment.
Now might be the perfect time to take advantage of our robust industry with an iTrip franchise, so get in touch with us today!