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Updated RecentlyTravel Network Franchise
Travel agency
Travel Network Ltd. was founded in 1982 and began franchising in 1983. In 1998 it was acquired by Global Travel Network LLC, which operates Travel Network, Global Travel Network, Power Partners, Etravnet Agency and Vacation Central. The company is based in Englewood Cliffs, New Jersey, and has more than 500 locations throughout the United States and internationally.
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How much does it cost to open a Travel Network Franchise?
The investment required to open a Travel Network Franchise is between $34,200-$99,000. There is an initial franchise fee of $3,950-$29,900 which grants you the license to run a business under the Travel Network name.
Individual Unit Costs
- Initial Investment:
$34,200-$99,000 - Initial Franchise Fee:
$3,950-$29,900 - Royalty Fee:
$250-750/mo. - Advertising Fee:
- Term of Agreement:
15 years - Renewal Fee:
$500
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When did Travel Network start Franchising? 1983
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2005 | 264 | 3 | 61 | 1 |
| 2004 | 264 | 3 | 61 | 1 |
| 2003 | 267 | 3 | 58 | 1 |
| 2002 | 295 | 5 | 60 | 1 |
| 2001 | 380 | 5 | 60 | 1 |
United States: California, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Virginia, Washington, Wisconsin,
International:
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | Yes | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Support
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing
Co-op advertising, Ad slicks, National media, Regional advertising
Franchise can be run from home.
5% of all franchisees own more than one unit
Number of employees needed to run franchised unit: 2
Absentee ownership of franchise is allowed.
Business Experience:
Your income potential as a Travel Network Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.
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Legal Disclaimer: This information is not a franchise offering for Travel Network and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Travel Network franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Travel Network
Travel Network
560 Sylvan Ave.
Englewood Cliffs,
NJ
07632