The global Travel Network International President's Program presents an opportunity for selected entrepreneurs to earn substantial revenue from the development of Global Travel Network franchise agencies within an exclusive territory. The International President is handsomely rewarded each time a region within the territory is sold and both the International President and Regional President are handsomely rewarded each time a unit franchise is sold and earn on-going service fees fom those units. Additional revenue is created when existing travel agencies convert from their independent status to membership in the Global Travel Network Franchise System. A home-based franchise operation also exists, to provide a network of outside sales people who increase franchised agencies' sales volume and create an aditional source of revenue or the International President and Regional Presidents.
In addition to retaining 50% of the fees earned from Global Travel Network Start-up sales, Purchase-Conversions (the purchase of an existing agency to convert it the Global Travel Network Franchise System and Conversions) the Regional President also benefits from 65% of the sevice fees associated with on-going monthly service fees paid by each Global Travel Network franchise in the Regional President's territory. The size of the territory is determined by the Regional Presidents' individual plans and personal needs and lifestyle. The International President earns 25% of the initial unit franchise fee each time a Regional President sells a unit franchise, as well as 20% of the on-going service fees.
The uniqueness of the Global Travel Network franchise system, the credibility of its programs, and its ability to relate directly to the needs of its franchisees, comes from the expertise developed over years in the travel industry. Every member of our executive management team and support staff has in-depth knowledge of what an agency needs to grow and become profitable. We have been there. We have gone through it. WE HAVE SUCCEEDED!and we are rated as the #1 Travel Agency Franchisor in the World.
Coupling this knowledge and awareness with a keen sense of commitment to the unique requirements of each agency in our system, Global Travel Network offers a strength and sense of confidence to its franchisees, Regional Presidents, and International Presidents which is unparalleled in the field.
And, because we make this available to our International and Regional Presidents as well, they can be assured that they will have the opportunity to develop their potential to its maximum now and in the future.
The following information summarizes some of the key aspects of the Global Travel Network International Presidents Program. For complete details and proforma, please ask for the Global Travel Network International Presidents Program agreement.
Some people may be more familiar with the term "Master Franchisee? although we generally use the term Regional President or International President because it better describes the role played by those who have become developers of Travel Network and Global Travel Network agencies in a region and "preside" over them".
The President Agreement will:
The price you will pay for rights to your area will vary with population, per capita income, growth, and development potential of your area, and level of activity of travelers in the area. In general terms, international regions are base priced at $100,000 USD-$500,000 USD. The actual cost of an area is based on population clusters, affluence of population, number of travelers in the region, number of existing travel agencies in the region, growth potential of the area and any other factors which you may bring to our attention in the territorial size negotiations. The rights to an international territory may be procured with the payment of an initial rights fee equal to 50% of the value of the territory.
The financial requirements will again vary with the area selected. New worth requirements of the International President or International Presidency Group will range from $250,000 USD.
The International President Agreement grants you the exclusive right to develop and operate in your area for a term of twenty years with an option to renew for an additional 20 years. This term only applies to your International President Agreement. Any individual franchise which you open will have a term of fifteen years with the option to renew at your discretion.
Training consists of participation in two weeks of the Global Travel Network Franchise owner training plus an International Start-up training that will cover marketing and selling the Global Travel Network Franchise System. Formal ongoing training for Global Travel Network International Presidents is held not less than twice yearly in exciting interternational locations to support your needs. There will be NO CHARGE for the training of any persons associated with your headquarters, although you will be responsible for travel and living expenses which will be at travel industry signigicantly reduced rates or complimentary to you where possible.
As an International President, you will have the option to open a showcase center agency. This will be a completely staffed and operational franchise travel agency open for public service. The initial franchise fee for this store is included as part of your International President Agreement fee and will provide potential Global Travel Network owners with a "working model" to visit to get a better understanding of what Travel Network will deliver to them. Regional Presidents will also be entitled to one showcase Global Travel Network agency within their territories with no initial franchise fee. The service fees from these showcase centers will be reduced by the 65% which the Regional President is entitled to keep.
You may open your own stores (which, of course, count toward your store development quota) to be run by yourself or affiliates. The franchise fees you are charged for these stores will be reduced by 25% for the franchise fees and 20% for service fees, since you will be retaining your portion as International President. The Regional President will reduce the initial fee for his own agencies by 50% and will reduce service fees by 65% Where the International President is also the Regional President, the initial fee for unit franchises will be reduced by 75% and service fees will be reduced by 85%.
As part of our assistance in helping you create an effective marketing plan, we will supply you with computer generated demographics of your area. We will also provide demographics, maps, and statistical reports for specific sites to assist you in site acquisition and evaluation. There will be no charge for this service.
The International President may be an individual or investment group whose new worth must be a minimum of $250,000 USD. The International Rights fee is determined by the size and growth potential of the territory. Our program permits the International President to enter this program with a 50% deposit to secure the International Rights, with the remaining balance being paid from a portion ]of the sale of each Region.
In addition, a set-up fee of $25,000 USD is charged to each International President to cover the cost of materials, training, travel expenses for travel network executives traveling to and from the country to participate in the establishment of the program. This fee does not cover expenses incurred by the international president such as his traveling to and from the United States.
When we total the value set for each Region, that sum for all regions WILL EQUAL OR EXCEED THE TOTAL COST OF THE INTERNATIONAL RIGHTS FEE for the International territory. The balance due after the deposit for the International President will retain 50% of revenue created upon the sale of each Region with the remaining 50% being paid to Global Travel Network. Global Travel Network will credit the balance due for the International Territory from the revenue it receives and will continue to apply the portion it receives until such point at the Territory is paid in full after which, any additional revenues will continue to be split 50/50.
According to our plan the International president initial outlay should be recouped in the first 12 months from Regional Sales.
Fifty per cent of all fees collected for the sale of regions goes to the International President. The value assigned to regions and the number of regions established in the territory will be determined by a demographic study of the international territory with emphasis on population, number of travelers, amount of money being spent in the area,as well as the number of existing travel agencies in that region. Thus, a region within an International Territory may range in cost from $40,000 to $150,000 or more depending on the size and potential of the region.
We will award Master Franchise Rights to qualified candidates (International Presidents). We will identify regions within the country for growth of GTN agencies. The International President will then seek qualified candidates to award regional rights (Regional Presidents). Regional Presidents will market and sell:
| PAID BY INDIVIDUAL FRANCHISEES | REG. PRESIDENT PORTION | INT. PRESIDENT PORTION | TRAVEL NETWORK PORTION |
| $29,500* | 50%=$14,950 | 25%=$7475 | 25%=$7475 |
| SERVICE FEE | REG. PRESIDENT PORTION | INT. PRESIDENT PORTION | TRAVEL NETWORK PORTION |
|---|---|---|---|
| 1ST YEAR=$4200 | 65%=$2730 | 20%=$840 | 15%=$630 |
| 2ND YEAR=$6600 | 65%=$4290 | 20%=$1320 | 15%=$990 |
| 3RD YEAR=$9000 | 65%=$5850 | 20%=1800 | 15%=$1350 |
| 4-15 YEAR=5% ADD-ON/YEAR | 65% OF NEW ADJUSTED FEE | 20% OF NEW ADJUSTED FEE | 15% OF NEW ADJUSTED FEE |
*The franchise fee for individual franchisees may be adjusted based on economic conditions and may increase with success and demand.
If you have a serious interest in becoming an International President please fill out this form.