discover your franchise opportunity with

iTrip - Property Management

Franchise Information

Franchise Industry

Entertainment, Home Services

Started Franchising

2015

Headquarters (City, State)

Brentwood, TN

Number of Locations

Total U.S. Locations

116

U.S. Franchised Units

115

U.S. Corporate Units

Investment Information

Investment Range

$100,000 - $249,999

Franchise Fee

$30,000

Royalty and Marketing Fees

6.1% and 1%

Gross Revenue

2,003,457*

About iTrip - Property Management

Trip is a leading franchise in short-term rental property management, operating in over 100 destinations. It combines local ownership with national brand strength, leveraging technology to list properties on over 100 booking sites like Airbnb and Vrbo, maximizing exposure and bookings! iTrip offers comprehensive services including guest communication, maintenance, and real-time financial reporting through proprietary SAAS, simplifying property management for owners. Franchisees receive extensive training and support in operations, customer service, digital marketing, and revenue management, preparing them for success in the short-term rental market. iTrip’s model is ideal for entrepreneurs looking for a scalable business with robust support and a community of experienced operators. This turnkey solution enables franchisees to manage properties efficiently and capitalize on the growing trend of short-term rentals.

Financials

Average Unit Volume* (AUV)

$1,558,656

2020 AUV

$1,329,165

2021 AUV

$2,003,457

2023 AUV

* as outlined in Item 19 of the Franchise Disclosure Document

Franchise Highlights

iTrip operates on a well-established model specializing in property management within the rapidly growing short-term rental industry. This model includes a comprehensive support system and a proven track record of success, which can be very attractive for new franchisees seeking a reliable and tested business opportunity.

iTrip leverages advanced proprietary technology that integrates seamlessly with major booking platforms. This technology suite improves operational efficiency, enhances guest satisfaction, and maximizes revenue for franchise owners by ensuring properties are competitively priced and well-marketed across numerous channels.

As part of a nationally recognized brand, franchisees benefit from a collective marketing strategy that boosts visibility and attracts both property owners and short-term rental guests. This brand strength is vital for building trust and establishing a foothold in local markets.

iTrip offers extensive training and ongoing support to its franchisees, covering all aspects of running a vacation property management business, from operations and finance to marketing and customer service. This ensures that franchisees are well-equipped to manage their businesses effectively and can adapt to evolving market demands.

Frequently asked questions

FAQ

iTrip is NOT an absentee-model. This will not work for someone who is NOT looking to invest 100% of their time initially. As the franchisee grows, there’s a possibility that it could become more passive by hiring employees.

Meet the Franchisee

An ideal candidate for iTrip must live in an available territory and be seeking a full-time business opportunity. They should have at least 10-15 years of professional or business experience and possess strong business acumen. This role is suitable for U.S. citizens only, as iTrip does NOT currently accept candidates holding E2 visas or Green Cards.