Global Travel Network
Global Travel Network
560 Sylvan Ave.
Englewood Cliffs NJ 07632
800#:(800) TRA-VNET
Tel: (201) 567-8500
Fax: (201) 567-4405
E -Mail: info@travnet.com
Web Site: www.travnet.com
Contact: Ms. Stephanie Abrams
GLOBAL TRAVEL NETWORK is a global chain of franchised travel agencies which has been consistently rated the number one travel agency franchisor by independent institutions such as Arthur Andersen, Ernst and Young, as well as respected financial publications. With over 400 travel agencies in 33 states and 12 countries, our sophisticated computerized global communication and reservation system brings instant access to the travel agent and traveler. We offer the buying power of our over one billion dollars in travel sales yearly. Our award winning marketing programs which include our own mileage award program, and our website on the Internet that allows agent and client to research travel information and allows clients to book reservations on the Internet, benefit the nearest GLOBAL TRAVEL NETWORK agency. Our agencies have all of the programs and services necessary to meet the needs of the most sophisticated business traveler, as well as the competitive programs necessary for the vacation client with our VACATION CENTRAL specialty brand. The agency owner may then choose the areas of the market. -1
Franchisor Background
Established: 1982
First Franchise: 1983
First International Franchise: 1992
Franchise Units: 455
Company-Owned Units: 1
Total Units: 456
Distribution:
U.S. - 429; Canada -- 2; International -- 55
Projected Total New Units Over Next 12 months: 80
Projected New International Units Over Next 12 months: 30
Size Of Corporate Staff: 50
Financial Projections Provided: No
Term of Franchise Agreement/Renewal (Master): 20
Term of Franchise Agreement/Renewal (Area): 20
Minimum Financial Requirements: $250K
Expansion Requirements: NR
Franchisor Financial Assistance: In some cases.
Franchise Fee(Master): Based on population, affluence, outbound travelers, and inbound travelers.
Franchise Fee(Area): $29.9K
On-Going Royalty (Master): No royalty from master franchisee. On-going fees generated from the sale and servicing of franchisees. The master receives 50 - 75% of franchisee's fees & 20-65% of service fees.
On-Going Royalty (Area): Flat fee of US$350-750 per month.
Franchisor Ad Program: $200 per month for local, regional, and international advertising program.
International Trade Associations: ASTA, CLIA, Franchise Associations, Who's Who in Business Leaders Worldwide, Amadeus Advisory Board
Franchisee Qualifications
Ranked 1-5, 5 Being Very Important
Net Worth: 5
Business Experience: 5
Ability to 'Get Things Done': 5
Industry Experience: 2
Franchising Experience: 1
Psychological Profile: NR
Personal Interview(s): 5
Training/Services
Initial Franchisee Training: Four weeks.
On-Going Support: B,C,D,E,f,g,h,I
(Click here for an explanation)
International Agreements
Individual Operating Units: Most Often
Master Franchising: Most Often
Area Development: Most Often
Licensing: Most Often
Foreign Subsidiary: Never
Joint Venture: Sometimes
Other:
Preferred Franchise Relationship: We are looking for a strong cooperation to give support and assistance on an on-going basis to the master franchisee.
Seeking Partners In
North America: US (399), CAN (2)
Europe/Eastern Europe: AU, BE, BU, CZ, DE, FI, FR, GR, GC, HU, IR, IT, NE, NO, PO, PT, RO, RU, SL, SP, SW, SZ, TU, UK, YU, UR
Far East: AS, CA, CH, GU, HK, ID, JA, KO, LA, MA (1), MY, NZ, PH, SI, TA, TH, VN
Mexico: MX (5)
Caribbean: CB, PR (32)
Central America: BE ,CR, EL, GA, HO, NI, PA
South America: AR (4), BO, BR (13), CH, CO, EC, FG, GY, PG, PE, SU, UR, VE
Middle East / India: IN, PK, OM, SA, UA
Africa: SO
Countries Not Listed Above:
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