iTrip

Overview

Website: itripfranchise.com

Franchise Fee: $30,000

Royalties: 4% - 6.1%

Cash Investment: $75,000

Total Investment: $105,000 - $150,000

Net Worth: $200,000

VetFran: No

SBA Approved: Yes

Master Franchise / Area Developer Opportunity: No

Additional Details

iTrip is a full-service short-term rental property management franchise with over 15 years' experience in the industry, 100+ franchisees, and present in over 100+ destinations. Our franchisees participate in a $36 Billion industry that is booming! Our mission is to provide individual franchise owner-operators industry-leading technologies, proven processes, and expansive marketing strategies. We serve both traditional vacation/seasonal destinations as well as urban markets. We do not compete with Airbnb and VRBO. In fact, these companies, and many others like them, are channel partners of iTrip.
Click here to view the iTrip Franchise Opportunity video
We have two “territories” for sale:
Boutique Markets at $55k + working capital of $50k - $70k for a total investment of $105k - $125k.
Primary Markets at $75k + working capital of $55k - $75k for a total investment of $130k - $150k.
The total initial investment would range from $105k - $150k
Why property management and the short-term rental industry?
Property management provides for an executive level residual income stream.
Investors are buying properties for short-term rental needs, which generates demand for property management services.
There are 9 million secondary properties (investment properties) across the U.S.
Short-term rentals are becoming more and more mainstream, and travelers are finding the extensive benefits of booking a short-term rental
property vs a hotel room. In fact, 4 out of 10 travelers now prefer to book a property vs a hotel.
Travel & hospitality are the fastest growing sectors in the U.S.
The short-term rental industry is recovering much faster than the hotel industry (recession resistant).

Why iTrip?

Our Ideal Franchisee

Available Markets

Background

Year founded: 2008

Year Franchised: 2015

Home Based: Yes

Financial Details

Franchise Fee:$30,000
Providing Earnings Guidance in Item 19 in FDD:YES
Total Investment Range: Single Unit: $105,000 - $150,000
Net Worth Requirement:$200,000
Royalty:4% - 6.1%
VetFran Program:No

Available Resales

There are currently no resales listed for this franchise.

Support & Training Provided

Training and support program details: