Travel agencies are one of the industries that have experienced immense growth post-pandemic. If you have been in search of venturing into America’s lucrative travel agency industry, then you may consider Dream Vacations as a potential partner.
Dream Vacations has been in the industry for over 30 years, and considering the enormous growth potential in the sector, if you are keen to learn more about the chain, you may consider reading this comprehensive blogpost on the Dream Vacations franchise.
Before you start, let’s set out an expectation from this article. After reading this detailed article, you’ll have detailed knowledge about:
- What is Dream Vacations, and a little bit about its background?
- How are the industry’s growth prospects and its position in the industry?
- What are the estimated costs and expected profit margins?
- Why should one consider/perks (of) owning it?
- What are the requirements and application procedures to partner with Dream Vacations?
- Brand: Dream Vacations
- Founded: 1991
- Key People: Brad and Jeff Tolkin
- Industry: Travel Agency
- No. of unit: 1874+
- Area served: worldwide
- Franchise Fee: $9,450
- Royalty Fee: 1.5%-3%
- Model: Web-based
- Initial Investment: $3,500 – $21,450
Table of Contents
Overview of Dream Vacations Franchise
Dream Vacations is one of America’s leading and rapidly growing home-based travel agency firms that primarily offers a wide range of vacation and travel planning services to customers.
They are also a part of World Travel Holdings, which you might know as the world’s largest cruise agencies and award-winning leisure travel companies.
Being a part of renowned travel agencies not just opens the door to traveling the world but also provides ample opportunity for you, where you can share your travel experience as an expert trip advisor and guide your customers to plan their own DREAM VACATIONS.
The opportunity in the travel agency business is immense, and since its establishment, Dream Vacations’ application program has flooded with numerous applicants reaching out to them to become one of their potential franchise partners.
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Key facts about Dream Vacations
| Sr No. | Type | Private |
|---|---|---|
| 1 | Trade Name | Dream Vacations |
| 2 | Industry | Web-based travel agency |
| 3 | Founded | 1991 |
| 4 | Founders Or Parent Company | Brad Tolkin, The CEO Parent company: World Travel Holdings |
| 5 | Corporate Headquarters | Florida, United States |
| 6 | Number of units | Over 1874+ |
| 7 | Area served | Worldwide |
| 8 | Model | Web-based travel agency |
| 9 | Service offering | Vacation and travel planning |
| 10 | Annual Earning | $70,000 to $100K Annually |
| 11 | Website | dreamvacations.com |
How is Dream Vacations positioned in the travel agency industry?
Over the years, the global travel industry has shown great potential in terms of growth, investment return, and sales figures.
There isn’t denying that it was hit during the pandemic; however, post-pandemic, there has been an enormous rise in the number of customers planning their vacations in the city or the international location.
Considering such potential in the industry, Dream Vacations hasn’t just strengthened its brand value but also allowed several of its customers to enjoy their Dream Vacations.
Additionally, the franchise cost for Dream Vacations is crazy low, and on top of that, they also offer a bunch of discounts to interested candidates and veterans.
Dream Vacations also provides comprehensive training and support, ensuring a healthy work flow for its franchisees.
Despite the numerous travel agencies in the country, Dream Vacations stands out from the crowd. Having been awarded multiple times as the #1 travel agency franchise added more value to its image.
How much does the Dream Vacations franchise cost?
Partnering with Dream Vacations certainly doesn’t require any inventory or retail space. Its franchisees can work from any part of the world and earn 100% from every sale they make.
The one-time franchise fee for Dream Vacations may vary depending on your background and experience.
For its franchise, you’ll need to invest a low sum of $9,450. However, the first responders and medical professionals, along with educators, can own their franchise for $8,400.
In addition to this, U.S. veterans and active-duty spouses can become their franchisees by just paying a franchisee fee of $3,500, and if you have more experience in this industry, then you may get a discount of 75% to 95%.
| Type of Fee | Cost and Other details |
|---|---|
| Initial Franchise fee | $3,500 to $21,450 |
| Discount | Yes, for veterans and first responders |
| Royalty fee | 1.5%-3% |
| Agreement period | 5 years |
| Renewable fee | NO |
| Another business partner fee | $495 |
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How much profit does the Dream Vacations franchise make?
Overall profitability is entirely dependent on how quickly you grasp the fundamentals of a travel agency, your communication skills, and your ability to reach out to clients and provide them with the best guidance for vacation planning.
To ensure success for every franchisee, the team provides 100% commission on every successful sale. But that’s not all; the franchisee also receives certified leads and an extensive training and support program from the community, ensuring healthy growth for its franchise partner.
The best part about the franchise is that it doesn’t require any retail space or inventory to get started. A passionate entrepreneur with a keen interest in the travel business can work from any part of the world and generate a healthy profit margin.
Taking these factors into consideration, along with the low startup cost and high commission rate, a franchise can expect a yearly earnings of over $70,000 or more.
What are the key benefits of owning a Dream Vacations franchise?
- Low startup cost:
- The initial investment for Dream Vacations starts at only $9,450, making it one of the most affordable and lucrative business opportunities available in the United States.
- 100% commission rate:
- The commission rate for this franchise is top-notch. As a franchisee, you’ll receive 100% commission on every successful sale.
- All-round support structure:
- The franchise helps their partners with a proper lead generation system and a comprehensive training program. In addition to this, you’ll also receive several virtual trainings and ongoing support.
- No prior experience needed:
- You don’t need to be an expert in the field. All you need is the dedication and passion to understand the client’s requirements and provide them with the best solution or offer.
- Their training programs are enough for you to get the required details.
- You don’t need to be an expert in the field. All you need is the dedication and passion to understand the client’s requirements and provide them with the best solution or offer.
- Freedom of working from anywhere:
- Operating this franchise doesn’t require any retail space or inventory, which not only reduces overhead costs but also gives you the opportunity to work from anywhere in the world.
What are the requirements for becoming a Dream Vacations franchisee?
- There isn’t a specific request for any background experience in the travel agency industry. However, having one will add an extra advantage and also provide a great discount on its franchise fee.
- You should be at least passionate about travel and committed to providing the best possible solution to the clients.
- You are also expected to complete the required training program and should adhere to the company’s standards.
How to buy a Dream Vacations franchise?
The application process is pretty transparent. To become their franchisee, you need to fill out the franchise form available on the official website.
If you have any doubt or want to learn more about the brand, you can always connect with the brand development manager, or you can also directly connect with the existing franchise owner.
Their team is quite supportive and believes in providing the best guidance to the new entrant in the industry.
- Visit the Dream Vacations official website and register for their webinar.
- Make sure you fill in the correct personal details, such as name, email ID, phone number, state, and zip code.
- From the drop-down, you can select your comfortable timings.
- Make sure you fill in the correct personal details, such as name, email ID, phone number, state, and zip code.
Wrap Up: The final thought
The initial investment cost and the high commission rate of the dream vacations look promising.
Additionally, their proven business model, daily leads, virtual support program, and advanced tools to track and improve every franchisee’s success will eventually provide better growth for their partners.
It’s also worth mentioning that it can be easily operated from any part of the world without making any significant investment in inventory or retail space; all you need is a proper internet connection, and mobile or laptop, and you are good to become their official franchise partner.
Want to explore more? Then check out below franchising opportunities.
Food & Beverages Franchise, Bakery Franchise, Home Improvement, Car wash, Real Estate, and Tea & Café Franchise
FAQ
What are the major support offered by the Dream Vacations?
1. Proper lead generation
2. Extensive training and support
3. Weekly/monthly check payout
4. Dedicated development manager to guide youIs Dream Vacations profitable?
The chain isn’t a publicly traded company, but considering its low-investment cost and impressive commission rates, the partners can certainly expect a healthy monthly earning.
It is also a part of World’s largest cruise agencies, so definitely, there is an enormous potential in the business.
