Thinking About Vacation Franchises?
In this day and age of outsourcing, downsizing and off shoring, many individuals are looking to vacation franchise ownership with good reason. These allow job seekers a great opportunity to become the business owners of their dreams.
There are six key things to know about vacation franchises before you plunk down your investment. Sort through these key things and discover income options that have less business risk than independent business ownership.
According to Peter Birkeland, author of “Franchising Dreams, The Lure of Entrepreneurship in America,” “You can be your own boss, you’re operating under a trademark that has instant brand recognition, and the failure rate for franchises is lower than it is for mom and pop businesses.”
1. Vacation Franchises are Diverse
There are several options within the vacation franchises. For example, those already employed in the travel industry seeking a more reliable source of income have the opportunity to own a franchise based on sea cruises, air and bus and train travel planning. These franchises require a minimal investment of under $10,000. These are just a few of the possibilities of vacation franchise ownership.
2. Vacation Franchises Offer Flexibility
Unlike many other full-time, year round franchises, vacation franchises are largely service driven. Although, vacation franchises can also be product driven when the business offers products related to vacations. In this type franchise, the business owner wholly controls the ebb and flow of business. They can choose a seasonal vacation business or year round, depending on their income needs and type of franchise.
3. Onsite or Online Vacation Franchises
One of the most convenient innovations of vacation franchises is the ability to offer onsite or online vacation services to customers. Some savvy vacation franchise owners choose onsite and online businesses that cover a wider range of their target market.
4. Business Stability
Owners of vacation franchises enjoy greater business stability due to the ongoing need for vacation planning and always active travel business. The other factor is that the franchise business is part of a large industry that has limited competition. Vacation franchise owners find they don’t need to compete within their particular franchise industry.
5. Customer Relations
In a vacation franchise business, unlike many businesses, customers come to the franchise without much prodding. All franchise owners need to study in advance of the business opening, the initial presentation. They should also have a business plan based on the umbrella franchise’s successes.
6. Vacation Franchise Opportunities on the Rise
In addition to travel, accommodations and planning aspects of vacation franchise ownership, there is another great franchise opportunity to consider as reported by Forbes in the “2016 Top Franchises”. This is vacation related sports and recreation vacation packages at numerous theme parks.