Cruise Planners Makes the Entrepreneur Franchise 500 List for 2024

Posted on: March 25, 2024 at 4:30 PM

We’ve always believed in our brand and our opportunity as being one of the very best in the industry, but it’s always nice to receive some outside recognition. We’re very proud to announce that Cruise Planners has once again been ranked by Entrepreneur as a top franchise choice for 2024 and has been included in the 45th annual Entrepreneur Franchise 500® list. It’s a distinction that few brands can boast of and attests to the strength and value of our opportunity, and we couldn’t be more pleased.

How Our Travel Franchise Was Chosen

Entrepreneur’s Franchise 500 recognition is an honor we’re exceptionally proud of, especially given that nearly 1,400 brands across dozens of industries applied for consideration, a record number. This year, we also scored in the top 5% for brand strength and the top 10% for financial strength. The Franchise 500 is accepted as the world’s first, best, and most comprehensive franchise ranking, and to make this list, a brand is evaluated using what the publication calls The Five Pillars of the Franchise 500. They are:

  • Costs and Fees: Franchise fee, total investment, and royalty fees
  • Support: Training times, marketing and operational support, and franchisor infrastructure
  • Size and Growth: Open and operating units, growth rate, and closures
  • Brand Strength: Social media, system size, years in business, and years franchising
  • Financial Strength and Stability: Audited financial statements

Each eligible franchisor is scored based on more than 150 data points, and those with the highest cumulative scores join this prestigious list.

Our Franchisees Love Us!

Being recognized by an important publication like Entrepreneur means a great deal to us. But  there is one recognition that matters more, and that’s the satisfaction of our franchisees, as measured by Franchise Business Review. This publication’s yearly franchisee satisfaction report for 2024 has revealed that:

  • 92% of Cruise Planners franchisees “agree” or “strongly agree” that senior management is effective in driving our brand forward.
  • 93% of our franchisees enjoy being part of the Cruise Planners franchise.
  • 96% of our franchisees are likely to recommend our franchise opportunity to others — that’s 13% higher than our overall industry benchmark.

Additionally, we ranked as either very good or excellent in a number of other important categories, including training and support, core values, and franchise community. Being recognized by our franchisees is an exceptional feeling because we know without them, our brand would not enjoy the success that it has for nearly three decades. It’s a privilege to be there for them and the thousands of clients they serve every year!

This year is shaping up to be a very exciting one for our brand and the travel industry. Are you ready to become part of it?

To find out more information about a low-cost Cruise Planners franchise opportunity, reach out to our team today!

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