iTripFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A iTrip franchise requires a total initial investment of $118K – $153K, including a $30K franchise fee and an ongoing 4.0% royalty[2]. Per the 2025 FDD, average unit revenue was $1.7M[2]. Verdict grade: C. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $118K – $153K
- 61st pct Real Estate
- Avg gross sales
- $1.7M
- 21st pct Real Estate
- Royalty
- 4.0%
- 8th pct Real Estate
- Units
- 115
- 44th pct Real Estate
- SBA default
- N/A
Quick verdict · Real Estate · color = vs category peers
Green = >15% above Real Estate avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Each dollar invested generates 12.8x in gross revenue, well above the typical 1.5-2.5x range.
Bottom line
- Total investment $118K – $153K including a $30K franchise fee, 4.0% ongoing royalty.
- Average unit revenue of $1.7M/year (median $1.2M).
- Verdict C (Average) with a risk score of 65/100.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- iTRIP, LLC
- Parent company
- iTrip Holdco, LLC
- Incorporated in
- TN
- HQ
- 2035 Lakeside Centre Way, Suite 250, Knoxville, Tennessee 37922-6594
- Auditor
- LBMC
- Audited financials
- Franchisor revenue
- $15.5M
- vs $15.2M prior year
Affiliated brands
- entities above have offered
Other brands the franchisor or its parent operates (Item 1).
Overview
About
iTrip franchisees operate vacation rental property management services in protected territories, listing and managing short-term rental properties (likely on Airbnb, VRBO, etc.) on behalf of owners. Day-to-day operations include tenant screening, maintenance coordination, guest communication, cleaning/turnover management, and revenue reconciliation while paying 4-6.1% royalties on gross rental income.
- CEO
- Vickie Storm
- Headquarters
- TN
- Founded
- 2015
- FDD year
- 2025
- States available
- 22
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $30K | $30K |
| Working capital (3–6 mo) | $44K | $49K |
| Equipment, build-out, other | $44K | $74K |
| Total initial investment | $118K | $153K |
Source: iTrip 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$312K
18.0% margin
Unlevered ROIC
172%
EBITDA / total invested capital
Payback
7 mo
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $118K – $153K
- Near category avg vs category
- Liquid capital req'd
- $44K – $49K
- Below avg, review vs category
- Franchise fee
- $10K – $30K
- Better than avg vs category
- Royalty
- 4.0%
- percentage · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 5.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 4.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $540 |
| Transfer fee | $10K |
| Renewal fee | $5K |
| Total fee load | 5.0% of rev |
A 5.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
Financial Performance
- Avg gross sales
- $1.7M
- Per unit, per year
- Median gross sales
- $1.2M
- Item 19 type
- Average and Median Total Rental Revenue
- Sample size
- 114 units
- vs category median 41 · large
- Range (low → high)
- $0→$12.2M
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 0 / 5 · above
Compared against 121 Real Estate brands
Revenue is 12.8x the investment midpoint. At typical franchise margins, this suggests a payback under 3 years.
vs Real Estate averages
How iTrip Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 115
- Opened
- 3
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 99%
- vs corporate-owned
- Net growth (yr3)
- +0.0%
- Net unit change last year
- 3-yr CAGR
- +4.6%
- Compounded over last 3 years
3-year detail · Item 20
- Closed (3yr)
- 1
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 1
- Reacquired (3yr)
- 0
- Franchisor bought back
- Continuity rate
- 97.4%
- Units that stayed open
- Ceased ops
- 25.0%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 21 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).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 49
- Loan volume
- N/A
- Amount data pending
- Median loan
- N/A
- Charge-off rate
- N/A
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 0
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
iTrip presents moderate-to-high caution due to missing profitability disclosure, undisclosed system growth, going concern issues, and a lengthy term that limits flexibility in a volatile vacation rental market.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $75,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · LBMC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 65 / 100 rating
- 01MEDNo Item 19 (Average Net Income) disclosed — impossible to validate 7-10 year ROI claims against the $117,500-$153,000 investment
- 02HIGHGoing Concern = False indicates potential franchisor financial distress or operational uncertainty
- 03MINOROnly 115 units with unknown growth trajectory — insufficient data to assess system momentum or franchisee success rate
- 04MINORRevenue-based royalty (4-6.1%) creates variable cost structure; if property management/booking volume drops, franchisees still pay on gross rental revenue
- 05MED10-year term is longer than industry standard (5-7 years typical) — locks franchisees into relationship with limited exit options
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 2 |
| Territory type | GPS coordinates |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Tennessee |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 20 hrs
- On-the-job training
- 48 hrs
- Training location
- On-site and corporate
- Franchisor financing
- Offered
- Item 10
- POS system
- iTrip Software (Proprietary Software and Web Hosting Program)
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: iTrip Software (Proprietary Software and Web Hosting Program)
Item 20 · call current owners
Franchisee Contacts
91 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
iTrip · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a iTrip franchise?
The total investment to open a iTrip franchise ranges from $118K – $153K, with an initial franchise fee of $30K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do iTrip franchise owners earn?
According to Item 19 of the iTrip FDD, the average gross sales per unit is $1.7M. The median is $1.2M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is iTrip's franchise failure rate?
SBA 7(a) loan charge-off data is not available for iTrip (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many iTrip franchise locations are there?
As of their most recent FDD filing, iTrip has 115 total units in the United States, including 109 franchised units and 1 company-owned units. 3 new units were opened in the latest reporting year.
Is iTrip a good franchise to buy?
FranchiseVerdict rates iTrip as a C-grade franchise with a risk score of 65 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.