Do you want to live in a fabulous vacation area? This is one of those businesses that allows you to “retire” to your dream destination and build a profitable business in paradise.
iTrip Vacations was founded in 2008 by vacation property owners for vacation property owners, who were frustrated with the outdated ways of managing properties. Since then the company has grown to more than 100 resort destinations in North America.
iTrip Vacations allows franchisees to build a lifestyle business where they want to live. Ideally this will be locations where lots of other people want to visit and spend holidays. Each franchise owner earns a commission on each rental booking, and in some cases, income from fees charged to the rental guest. The more vacation rental properties you manage, the more income you will earn. It’s a proven business model used by 75+ property management companies (franchisees) and growing.
Franchisees provide a full-service vacation rental management program to rental homeowners and guests. You will manage the entire process, which includes preparing and listing properties, adjusting pricing, overseeing cleaning and maintenance, handling guest needs/requests, reviews, etc. The other side of the business is acquiring more properties to grow their business, which may include presentations, meetings with local real estate agents, homeowner associations, etc.
Recurring Revenue Streams
How it works: Each franchisee manages their own vacation property management company on a local level and receives support from the headquarters team. The franchisee uses the proven processes and tools provided by iTrip Vacations. iTrip provides all the software, technology, training, guidance, and resources to help franchisees generate more properties, leading to more income.
Training
iTrip Vacations provides all the tools to help the franchisee grow the business quickly. Members of the headquarters’ team travels to your market when you open to assist with sales, networking, operations, etc., after your training in Nashville.
Each property management franchisee receives support from a team of experts in sales, software/IT, digital marketing, search engine optimization, marketing, content, social media and more. The team is based in Nashville, Tennessee, and each person works one-on-one with each franchisee to help them succeed. They offer automated software, custom apps, artificial intelligence processes, management of all your digital marketing, advertising and social media, and there is an annual summit full of important information, training, new tech and industry partners.
Who Makes a Successful Owner?
Many of their franchise owners are teams who share responsibilities. Franchisees include husband/wife teams, longtime friends and families who build the business together. Ideal candidates have a passion for customer service, a strong entrepreneurial spirit and are highly motivated to grow their business.
Most of their franchisees are former corporate professionals who want a new business for the second-half of their career.
Available Territories and Hot Markets
iTrip is currently looking for new franchise owners in several destinations, Contact me here for available markets
Low Cost
Total franchisee cost: $130K-150K, including $55K -75K in working capital. This is a model with no equipment to buy, no inventory and no accounts receivable!
National Partnerships
iTrip Vacations partners with more than 85 online vacation rental distribution channels and has an exclusive partnership with HomeAway. They are also full integrated with other industry partners including: Airbnb, Booking.com, VRBO, TripAdvisor, FlipKey, Expedia, BookingPal, VacationRentals.com and dozens more. They are constantly pushing into the newest and most advanced technology to market iTrip and their properties. At any given time, iTrip Vacations is experimenting with 5-10 new technologies related to marketing vacation rentals. Corporate spends millions of dollars per year on marketing. And every marketing dollar they spend – is focused on generating a booking for the property owners.
For more information and for territory checks contact Jane Stein at 303-449-1050 or info@yourfranchiseiswaiting.com