The franchise industry is diverse enough that investors can find
concepts fitting nearly any need. From lifestyle businesses that blend
entrepreneurship with personal fulfillment to high-growth businesses
with enough challenge and excitement for the most ambitious
individual, today’s franchises have something for almost everyone.
Prospects for Dream Vacations are initially attracted to the travel
franchise because of their personal passion for travel coupled with
low startup cost and the chance to be home-based, says Debbie
Fiorino, senior vice president of the Fort Lauderdale-based franchiser.
“In addition, we are one of the few franchises that give owners the
option to work their franchise either full-time or part-time,” Fiorino
notes. “Plus, being in the travel industry, they can take advantage of
More than 1,200 Dream Vacations franchises operate in all 50
states. Over the next year, Fiorino says, the company anticipates
growing its network by 15 percent.
The balance of efficiency and curb appeal of the My Place Hotels of
America lodging franchise is one of its main attractions, says Ryan
Rivett, president and chief executive officer of the Aberdeen, South
Dakota-based company. “From the footprint of our engineered
prototypes to the ease of operation of our platform, franchisee
feedback affirms our position as a leader in efficiency. Doing
that better than most has resulted in an exceptional franchise
experience for guests, operators, and owners,” Rivett says.
My Place has 44 locations up and running across 21 states. Over
the next year, the franchise is expected to open more than 70
locations. After early expansion near its Midwest roots, My Place
locations are popping up farther afield. “We’ve been very busy
seeking new relationships beyond the Midwest—east and west,
coast to coast,” Rivett says. ■
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