Freedom Boat Club vs My Destination Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Freedom Boat Club vs My Destination including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Freedom Boat Club Franchise
My Destination Franchise
Investment $175,025 - $486,000$20,000 - $50,000
Franchise Fee $38,000N/A
Royalty Fee 6%500/month
Advertising Fee up to 1%-
Year Founded 1989-
Year Franchised 2000-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Freedom Boat Club Franchise
My Destination Franchise
Experience --

Financing Options

 
Freedom Boat Club Franchise
My Destination Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/Yes-/-
Start-up Costs No/Yes-/-
Equipment No/Yes-/-
Inventory No/Yes-/-
Receivables No/Yes-/-
Payroll No/Yes-/-

Training & Support

 
Freedom Boat Club Franchise
My Destination Franchise
Training On-The-Job Training: 16 hours Classroom Training: 30 hours -
Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software -
Marketing Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app -
Operations Number of Employees Required to Run: 2-

Expansion Plans

 
Freedom Boat Club Franchise
My Destination Franchise
US Expansion Yes-
Canada Expansion No-
International Expansion YesYes

Company Overviews

About Freedom Boat Club

Since 1989, the Freedom Boat Club has emerged as the premier boat club in the country offering our members a hassle-free approach to boating. Gone are the concerns and confines of traditional boat ownership. You simply select the style of boat you would like to experience for your day on the water and begin creating wonderful memories with family and friends. With over 60 locations throughout the US, you may enjoy the flexibility of reciprocal access to all current and future Clubs. We invite you to experience the social and boating experiences that have made the Freedom Boat Club legendary with our members. Take the next step to find out if a Freedom Boat Club Franchise could work for you. 

Veteran Incentives  10% off franchise fee
"Entrepreneur
#178 in Franchise 500 for 2020.
#193 in Franchise 500 for 2021.


About My Destination

At My Destination we pride ourselves on creating a franchise structure that is not only very supportive but also great fun to be a part of. In general we are in contact with our franchisees on a daily basis, helping each other to maximise the potential of each individual site as well as the mydestinationinfo.com network. We also see our franchise network as more of a partnership, each person bringing new things that all of us in the network can benefit from thanks to everyone's backgrounds and skills. By taking advantage of this we are able to continually improve and diversify the business in ways that an individual on their own could not do. My Destination is focused on providing websites that offer unrivalled levels of local information; everything a traveller could want to know and all in one place! Developed with the latest internet technologies to embrace the power of 'Social Media' and 'Visitor Interaction'...and combining these with online booking engines....each My Destination site brings the best of the internet to the destination. One of the most important factors that has lead to the overwhelming success of My Destination is the partnerships in each destination with local residents; individuals and organizations whom are passionate and enthusiastic about their destination and are well placed within the community to help promote all of the tourist companies in the destination to the thousands of potential tourists whom will use the site. If this sounds like an exciting opportunity to you then please contact us.