7/10

Franchimp Summary Rating

6 /10
Lower than 48% of peers

Franchise Summary

Description
We offer qualified individuals and entities a franchise for the right to independently own and operate abusiness that: (i) offers and provides (a) property management and online listing services for vacation or other rental properties on behalf of the property owner (each, a "Client"), (b) assistance to such Clients in connection with finding and securing potential third-party renters to lease such Clients’ respective property (ies), (c) certain digital marketing services, and (d) other related services that we authorize (collectively the "Approved Services") ; and (ii) utilizing our proprietary marks and business system (each, an "iTrip Location").
Company Background
iTRIP is a rapidly growing company that provides qualified individuals and entities the opportunity to own and operate an online property management business and earn an income. The Approved Services offered include: (1) providing clients with rental listings on behalf of the client, (2) assisting clients in finding renters for their properties, (3) certain digital marketing services, and (4) other related services authorized by iTRIP.
Franchise Opportunity
The vacation rental market is huge, but it's also extremely competitive. There are many different platforms to choose from, and they all seem to offer similar services. How do you stand out when there are so many options? iTRIP has been an industry leader since 2005 because we've focused on providing the best possible service for our clients and customers. We're not just another platform that lets you list your property; we work with each client one-on-one to make sure their listing is optimized for maximum exposure. And if a client wants help finding renters or managing their property, we have experts ready to assist them 24/7! iTRIP offers a full range of services that let us provide exactly what every client needs in order to succeed as a business owner - no matter where in the world they operate! By choosing iTRIP as your partner, you can be confident that you'll get the support and guidance needed to build an amazing online presence
Corporate Structure
iTRIP, LLC was organized under the laws of Tennessee as a limited liability company on June 2, 2015. Their principal business address is at 205 Powell Place, Suite 309, Brentwood, Tennessee 37027. They only do business under their corporate name and their proprietary marks, including the marks iTRIP and iTRIPVACATIONS. They first began offering franchises for the right to operate a Franchised Business as of July 15, 2015.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Real Estate Industry

$1,032,913 / unit

Franchise Type: Standard

Average Revenue During 2020

$1,032,913
$766,806
Industry Low
$1,032,913
Industry High

Average Gross Profit Per Unit

Compared vs. Real Estate Industry

$738,135 / unit

Franchise Type: Standard

Average Gross Profit During 2020

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of iTrip Vacations Franchisees

iTrip Vacations Franchise System Development in 2022

FAQ

How much investment do I need to start my own iTrip Vacations business?
Franchisees typically require at least $110 to $150 investment to get their iTrip Vacations business started
What are the initial franchise fees for iTrip Vacations?
Franchisees typically need to pay at least $55 in fees directly to iTrip Vacations in order to earn the right to launch their business
How much money can I make with a iTrip Vacations franchise? What are the average revenues for a typical iTrip Vacations business?
We haven’t done the math on how much revenue a typical iTrip Vacations brings in each year. We estimate that other franchisees in the Professional Services industry generate $1,032,913 revenue, so we would expect iTrip Vacations to generate a similar amount
How long do I need to commit to running a iTrip Vacations unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

6 /10
The Franchisor's investment costs ranges from $110,000 to $150,000 which is Much Lower than the $0 to $0 average in the Real Estate industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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