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Best Travel Franchises For UK Franchisees
Travel and leisure franchises offer unique business opportunities to franchisees who want to operate in a consumer-facing sector.
On the whole, travel franchises are fundamentally different from other franchise businesses in that they usually require franchisees to be on their toes when it comes to reinvesting. At any rate, if you can bring on board good managerial and administrative qualities, you should definitely consider investing in a travel franchise. We have, for your convenience, compiled a handy selection of leading leisure and travel franchise opportunities, right here on this page.
Is There Enough Room For Another Travel Business?
Travel and leisure franchises have, despite the visible growth over the last few years, yet to hit the saturation mark. So, it’s safe to say that a travel franchise that has unique products to offer has every chance to succeed.
Collectively, Britons spend over £40 bn each year on overseas travel, while the overall domestic and international travel/leisure industry in the UK turns over a whopping sum of £200 bn per year. Travel and leisure franchise opportunities also let you generate localised employment.
How Much Do Travel Franchise Opportunities Cost?
If we were to list the reasons that make travel franchises popular among franchisees, the low minimum initial investment has to top the list.
Running a travel franchise business eventually boils down to how well you can market your presence. The template is set for most such businesses, meaning that factors like franchisor’s industry experience, connections and brand value are the only ones to affect the initial investment required. Our assessment of dozens of travel and leisure franchises in the UK reveals that you need £3,000 to £15,000 to buy a small/mid sized franchise – a sum that many franchisees can raise on their own.
What Does It Take?
Running a travel and leisure franchise business requires you to be extremely adept at managing the daily operations and marketing.
Many franchisors offer marketing assistance (albeit, for a fee). On top of that, you need to be able to lead a small team of employees efficiently. If you bring on board relevant travel, tourism or hospitality experience, you may find it easier to steer the ship in the right direction.
Types of Travel And Leisure Franchises
Travel and leisure franchise opportunities can be divided into three major types.
Travel agency franchises help customers design and execute their travel plans.
Tour planner franchises offer tailor made packages as tourism products.
Visa/immigration franchises help customers streamline the otherwise confusing bureaucratic processes in various countries.