According to the Small Business Administration, less than 5% of all franchise units fail each year. This is compared to 30 to 35 percent of small businesses which fail within the first year of operation. However, owning a Travel Agency franchise is not a guaranteed recipe for success. You will still have to comit yourself, your time, and perhaps even make some personal sacrifices in order to succeed.
How much does a Travel Agency Franchise cost? Generally the costs associated with buying a franchise can vary considerable, depending on some of the following factors. Some costs that can affect the bottom line are, real estate, inventory, training, marketing, franchise fees, and development costs. The Travel Agency UFOC should outline these costs, and give you detailed information on how much it will cost you.
Can you own another franchise at the same time? Most likely, you will be restricted from purchasing a franchise from franchisor that would be a direct competitor to a Travel Agency franchise. However, you may be allowed to purchase a franchise of another type.
As a franchisee, you may want to know... can I own more than one Travel Agency franchise? Franchisors often sell area or master franchises within a certain specified territory. These are of course costly. If you own a single Travel Agency franchise and are successful, then if there is an opportunity to develop in another and the territory is available, then the franchisor will usually be pleased to sell you another franchise for the new location.
