FRANCHISE + YOU = SUCCESS
Buying a franchise is not like starting an independent business. With a franchise, you are buying a support system and the rights to operate a business that has been designed by someone else. Someone who has developed an expertise in the business and who has, most likely, tackled and solved the problems that people generally encounter in the industry you are thinking of entering. You are buying the security of a track record, a brand and operating, reporting and management systems. With a franchise, you are purchasing a head start in the industry and a foothold from which to begin your climb.
It’s important not to be misled, though. Even though a franchise can give you many advantages over starting a business yourself, it’s not going to guarantee you success. Each and every individual business—franchise or not—has one major difference. That difference is YOU. And with the statistics in your favor, franchising can be the method of owning a business that can allow you to succeed.
How Franchising Works
Franchising is not an industry. It is a method of distributing products and services that has been adopted by companies in more than 70 different industries. While often associated with highly recognizable restaurant brands, franchising is used by real estate, photo development, auto repair and many other businesses to expand. Franchising is an excellent way to be in business for yourself, but not by yourself. The franchise agreement spells out the mutual obligations and responsibilities between the franchisor and franchisee. The franchisor developed the operating system and owns the right to it, along with the name and trademark. The franchisee invests in a license to use the intellectual property and business plan of the franchise. Although some systems differ, most require the franchisee to make ongoing royalty payments in return for an ongoing license to use the trademark and the franchise system’s most valuable assets. Thus, the intellectual property, operating plan and other proprietary information are protected in order to ensure the highest possible return on the franchisee’s investment in the brand. Franchising is successful because consumers rely on the assurance of consistency, quality, reputation and value. In franchising, predictability is a good thing - - the public knows what it is going to get at a hotel or motel along the highway, or that it can count on a particular meal experience at any restaurant in a chain. Protection of the brand and the uniform delivery of a product or system are the foundations of the franchisee’s investment and the keys to success for a franchise system.
The mutually beneficial relationship that exists between franchisors and franchisees makes franchising unique in the world of business. It provides entrepreneurs with an affordable means of accelerating expansion, achieving development goals more quickly than might otherwise be the case and with far less risk. Similarly, franchisees have a head start because of the support provided by the franchise system. Franchising is, literally, being in business for yourself but not by yourself. Whether it's accounting and financing, advertising and public relations, personnel management, purchasing or inventory control, franchisors are there to provide "hands on," one-to-one assistance. While franchising does provide opportunities, it does not create miracles. Franchisees combine knowledge and resources with entrepreneurial drive and spirit to form a business relationship unique to franchising. Franchising is a field of expanding economic opportunity in which each and every person can play a part based on talent, initiative, and dedication.
The Franchisee has many advantages signing a long term relationship including the ability to build substantial equity and long term investment appreciation. It allows the Franchisor to utilize all resources necessary to develop a successful travel agency business and home based travel agent network to establish a long term revenue sales history to a potential buyer of the franchisee's business. The Franchisee has the option to sell or assign the franchised business at any time during the franchise agreement. All major travel suppliers recognize and appreciate a long term commitment which ultimately results in higher commissions, generous co-op advertising funds, consumer lead generation, website development, technology partnerships and increased travel benefits.
Strategic Growth / Strategic Divestiture
Lines Express Franchise Company is a premier Mergers & Acquisitions firm
serving middle market companies. We proactively represent visionary travel
agency business owners to the ever changing marketplace of buyers and sellers.
Whether you are interested in Growth through Acquisition or Strategic Divesture - our mission is to achieve your goals.
Since 1972, Travel Lines Express skilled professionals, led by a team of successful former travel Agency business owners, have developed and perfected M&A methodologies that move the market to your advantage:
franchised agencies are
strategic assets with a sales price multiple of 3 to 5 times net income and
makes a perfect investment for your future goals.
We specialize in buy-side clients
We work with sell-side clients
Technology and Franchising
There are several trends related to the use of technology in franchising today. 1) many franchisors use the internet to communicate with franchise owners and suppliers through secure extranets in order to share critical information, facilitate discussion among the franchise network, post operations manuals and updates, disseminate news about ad campaigns, engage in supply chain management, and gather sales reports automatically and without the need for more labor-intensive data entry. 2) franchisors use the internet to advertise their network to customers. 3) some franchisors use the internet to engage in business-to-consumer (B2C) e-commerce, often with the involvement of franchisees. 4) many prospective franchisees glean information and make contact with franchisors using the internet. Some franchisors now report that they get more sales leads from the internet than from any other source. 5) and finally, franchisors make extensive use of technology in offering their services directly to consumers -- such as networks of businesses that offer website design and web hosting. The prospects for, and reality of, involving technology in franchising make this a very exciting time to own a franchised business.
Franchising is growing at record levels each year. Currently, there are over 1.5 million franchised outlets, accounting for approximately one-third of all retail sales. Statistics show that 90% of franchise owners succeed in their businesses. So even though it does not guarantee success, statistics reveal that fewer than 10% of new franchise businesses fail. Compare that to the high failure rate of new businesses overall each year in the United States and you have a strong case for franchising.
Data from the U.S. Department of Commerce illustrate the business success rate over a ten-year period of Individual New Start-up Enterprises versus Franchise Businesses.
WE WILL CREATE OPPORTUNITIES THAT DRIVE RESULTS
The challenges are great. The choice is simple. You now have a travel agency franchise company that listens carefully and always responds with the right solutions and support. Content to drive revenue, marketing solutions to increase sales and tools to maximize efficiency. Let us create profitability for your agency.
Your Path to Profitability
Travel Lines Express enables you to transform your agency into a sustainable profit-maker with our unique offering of content, marketing solutions and productivity tools. We will work together to find and deploy the products and services you need to succeed.
Content that Drives Revenue
Exclusive, high-margin content available through extensive supplier partnerships.
Marketing Solutions to Increase Your Sales
Time-saving application automation, productivity tools and customer support.
Tools that Maximize Efficiency
Tools to help you communicate value to your customers to retain and gain.
Travel Lines Express Franchise Company provides products, services, training programs, technology solutions and people designed specifically to serve the needs of your travel agency.
Home Based Travel Agent Business | Independent Travel Agent Program