FranchiseVerdict
Cruise Planners logo
FV-00673·MODERATEExcellent81

Cruise Planners

OtherFranchising since 2005Website
Investment
$2K – $20K
0th pct Other
Avg revenue
50th pct Other
Royalty
1.5%
1st pct Other
Units
2,797
98th pct Other
SBA default

Bottom line

  • Total investment $2K – $20K including a $11K franchise fee, 1.5% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 59/100.
  • No Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.

Item 1 · who you're contracting with

The Franchisor

Legal entity
CP Franchising, LLC
Parent company
Cruise Planners Holdings, Inc.
Incorporated in
Delaware
HQ
3111 N. University Drive, Suite 800, Coral Springs, Florida 33065
Auditor
CohnReznick LLP
Audited financials
Franchisor revenue
$20.1M
vs $44.3M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Cruise Planners unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $2K–$20K
Working capital
$
FDD reports $250–$3K

Unlevered ROIC · per unit

1103%

Above typical band (30–60%)

0%30–60% Yale band80%
ROIC above 100% usually means the revenue figure is a system-wide aggregate or top-cohort number rather than a single-unit average. Verify the "Revenue · per unit" field against the brand's FDD Item 19 detail tables before relying on this output.

Store EBITDA · annual
$139K
EBITDA margin
18.5%
Total invested
$13K
Payback
1 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Cruise Planners franchisees operate travel agencies specializing in cruise bookings, earning commissions (1.5-3%) on cruise fares booked through major cruise lines. Day-to-day activities include client consultation, itinerary planning, cruise line booking coordination, and customer service. Revenue depends entirely on commission structures set by cruise lines and booking volume, with no salary or guaranteed income.

CEO
Michelle Fee
Founded
2005
FDD year
2024
States available
51

Item 7 · what it costs

The Vitals

Total investment
$2K – $20K
All-in to open one unit
Liquid capital
$250 – $3K
Cash you must have on hand
Franchise fee
$11K
Royalty
1.5%
Percentage of Gross Commissionable Fares · typical 6–8%
Ad fund
n/d
Total fee load
1.5%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
2,797
Opened
458
Last reporting year
Closed
256
Turnover rate
9.2%
Company-owned
1
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
+7.8%
Net unit change last year
3-yr CAGR
+5.3%
Compounded over last 3 years
2022
2,796+202
Franchised units
2023
2,594
Franchised units
2024
2,655
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 14 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 14 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

59
Risk · 0-100
MODERATE59 / 100

Cruise Planners presents meaningful caution due to absent financial disclosures, regulatory violations, active litigation, and unprotected territories—making true profitability and franchisee success rate impossible to validate independently.

Score breakdown · what drove the 59 / 100 rating

  1. 01MINORNo financial performance disclosure (Item 19) prevents assessment of actual franchisee profitability and ROI
  2. 02MEDRegulatory violations including Maryland Securities Commissioner consent order indicates disclosure and registration failures
  3. 03HIGHLitigation involving fraud/deceptive practices counterclaim and trademark disputes suggests franchisor-franchisee relationship strain
  4. 04MINORUnprotected territory creates direct competition risk between franchisees within same market
  5. 05MINORExtreme investment range spread ($1,945-$20,465) suggests undefined startup costs and inconsistent onboarding
  6. 06MEDCommission-based revenue model with no income disclosure creates unpredictable cash flow and recovery timeline
  7. 07MINOR3-year term is relatively short, limiting long-term business stability planning

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
None
Protected territory
No
Initial term
3 years
Renewal term
3 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
2
Right of first refusal
No
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
1 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Florida

Item 11

Training & Operations

Classroom training
54 hrs
On-the-job training
0 hrs
POS system
Proprietary CRM system (CPMaxx)
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

99 numbers

Locked
(602) 402-••••
AZ
(602) 830-••••
AZ
(480) 570-••••
AZ

One-time purchase · CSV download · Validation questions included

FDD download

Cruise Planners · FDD (2024) PDF

Single-page checkout · instant download · CSV export of contacts available separately above