|Photo by Freeimages.com/Billy Alexander|
Cruise Planners, an American Express Travel Representative, has announced that it has been named the best travel franchise to own for the 13th year in a row by Entrepreneur. For 2016, Cruise Planners ranks in the No. 25 spot overall on Entrepreneur’s Annual Franchise 500 List.
Entrepreneur magazine’s Franchise 500 encompasses more than 462,000 individual businesses, both domestic and international, spread across 17 different categories and are judged by the same criteria with financial strength and stability, growth rate and the size of the franchise as the most important factors. The magazine also researches the number of years the company has been in business and working as a franchise as well as startup costs, litigation, percentage of franchise terminations and if the company provides financing.