iTrip Franchise FDD, Profits & Costs (2025)
iTrip is a prominent short-term rental property management franchise that has been revolutionizing the industry since its inception in 2008. Founded by Steve Presley, Todd Morrison, and Tom Bissmeyer—three property owners who identified a gap in quality management services—the company is headquartered in the United States.
Recognizing the potential to offer superior services to both property owners and travelers, iTrip began franchising its business model in July 2015, enabling professionals to own and operate their own property management businesses under the iTrip brand.
iTrip specializes in managing short-term rental properties, including single-family homes and condos, without requiring franchisees to own the properties themselves. This asset-light model allows franchisees to operate from home, providing flexibility and reducing overhead costs.
The company differentiates itself through proprietary technology and automation, enabling efficient management of property listings, bookings, and guest communications. Additionally, iTrip has established partnerships with over 80 national and international listing sites, such as Airbnb, Vrbo, and Expedia, ensuring maximum exposure for the properties under its management.
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Initial Investment
How much does it cost to start a iTrip franchise? It costs on average between $112,000 – $153,000 to start a iTrip franchised center.
This includes costs for technology, marketing, insurance, and initial operating expenses. The exact amount depends on various factors, including the size of the territory, the local market demand, and whether the franchisee operates from home or chooses to lease office space.
| Type of Expenditure | Amount (Low – High) |
|---|---|
| Initial Franchise Fee | $10,000 – $30,000 |
| Software Training and Integration Fee | $25,000 – $25,000 |
| Initial Training Fee | $10,000 – $10,000 |
| Initial Operational Support Fee | $10,000 – $10,000 |
| Software License Fee | $540 – $540 |
| Logo Items Start-Up Kit Fee | $750 – $750 |
| Printed Materials Start-Up Kit Fee | $750 – $750 |
| Direct Mail Requirement | $1,000 – $1,000 |
| Digital Marketing Requirement | $960 – $1,185 |
| Chamber of Commerce Fee | $200 – $500 |
| Approved Vehicle | $0 – $5,000 |
| Travel and Living Expenses During Initial Training | $2,000 – $4,000 |
| Insurance Premium (Annual) | $4,000 – $6,000 |
| Business License and Permits | $200 – $400 |
| Other Professional Fees | $1,500 – $3,000 |
| Office Equipment, Computer System, Software | $0 – $4,000 |
| Initial Marketing Spend | $1,000 – $1,500 |
| Additional Funds (3 Months) | $43,600 – $49,375 |
| Total Estimated Initial Investment | $111,500 – $153,000 |
Average Revenue (AUV)
How much revenue can you make with a iTrip franchise? A iTrip franchised location makes on average $1,190,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $355,000 yearly revenue for similar other business services franchises. Below are a few iTrip competitors as a comparison:
The most profitable franchises to own in 2025
We have compiled the list of the top 400 franchises across 9 industries. Download the report below.
iTrip Franchise Disclosure Document
Frequently Asked Questions
How many iTrip locations are there?
As of the latest data, iTrip has a total of 115 locations, consisting of 114 franchised units and one company-owned unit. This structure allows the brand to maintain a strong presence across multiple markets while leveraging local ownership for personalized property management services.
What is the total investment required to open a iTrip franchise?
The total investment required to open a iTrip franchise ranges from $112,000 to $153,000.
What are the ongoing fees for a iTrip franchise?
iTrip franchisees are subject to ongoing fees that support the continuous operation and marketing of their businesses. The royalty fee ranges from 4% to 6.1% of gross receipts, which contributes to ongoing corporate support and marketing efforts.
Additionally, franchisees are responsible for a monthly fee covering Software as a Service (SaaS) and digital marketing services provided by iTrip on their behalf.
What are the financial requirements to become a iTrip franchisee?
To become an iTrip franchisee, candidates are required to have a minimum net worth of $200,000 and liquid capital between $130,000 and $150,000. These financial prerequisites ensure that franchisees are well-positioned to establish and sustain their property management business effectively.
How much can a iTrip franchise owner expect to earn?
The average gross sales for a iTrip franchise are approximately $1.19 million per location. Assuming a 15% operating profit margin, $1.19 million yearly revenue can result in $179,000 EBITDA annually.
Who owns iTrip?
iTrip is owned by its founders, Steve Presley, Todd Morrison, and Tom Bissmeyer, who established the company in 2008.
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