If you’re considering joining Cruise Planners, the first question on your mind might be “How much does it cost?” The answer, like with most franchises, is not straightforward. In this article, we’ll explore the different costs associated with joining Cruise Planners and what you can expect to pay.
Initial Franchise Fee
The first cost you’ll encounter when joining Cruise Planners is the initial franchise fee. This fee covers the right to use the Cruise Planners name and system.
At the time of writing, this fee is $10,995 for a new franchisee. This fee includes your training at headquarters and ongoing support from your Business Development Coach.
Technology Fees
Cruise Planners provides its franchisees with access to a variety of technology tools to help run their businesses efficiently. These tools include a customer relationship management (CRM) system, booking engine, and email marketing system. The cost for these technology tools is $59.95 per month per agent.
Marketing Fees
To help promote the Cruise Planners brand and drive business to its franchisees, there are several marketing fees that franchisees are required to pay. These fees cover things like national advertising campaigns and local marketing initiatives. The current marketing fees are 3% of gross sales up to $500,000 in gross sales per year and 1% of gross sales above $500,000 in gross sales per year.
Ongoing Royalties
In addition to the initial franchise fee and ongoing technology and marketing fees, Cruise Planners also collects ongoing royalties from its franchisees. At the time of writing, this royalty fee is 1% of gross sales per month.
Other Costs
While these are the main costs associated with joining Cruise Planners, there may be other costs depending on your individual circumstances. For example, if you choose to attend optional training sessions or events, there may be additional fees associated with those.
Final Thoughts
Joining Cruise Planners can be a significant financial investment, but it’s important to remember that you’re investing in a proven business model with a well-known brand. Before making any decisions, it’s crucial to do your research and speak with current Cruise Planners franchisees to get an idea of what the experience is really like. With the right mindset and dedication, joining Cruise Planners can be a smart move for anyone interested in the travel industry.
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