Cruisin' Tikis
Cruisin’ Tikis franchises enable owners to operate open-air, tiki-themed water vessels for recreational excursions on designated waterways under the Cruisin’ Tikis brand. The business model involves signing a franchise agreement for a specific territory, purchasing vessels from an affiliate supplier, and deploying at least one vessel with potential for more based on market capacity; operations are often seasonal in areas with freezing waterways. The target market consists of leisure seekers, tourists, and groups desiring fun, themed boat charters for tours, parties, and events.
Franchise Costs
6% royalty + 2% brand promotion fund + $25-$100/mo technology fee
Financial Performance
Item 19 Financial Performance
This franchise did not provide Item 19 financial performance data.
Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.
Extracted Item 19 Section
How Cruisin' Tikis Compares
Key Insights
- Top 10 largest franchise system in Sports & Recreation
- Higher than average SBA loan default rate in Sports & Recreation
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Cruisin' Tikis Current | $83K – $124K | $20K | 6.0% | 106 |
| FREEDOM BOAT CLUB | $224K – $503K | $50K | 6.0% | 269 |
| i9 SPORTS | $60K – $70K | $25K | 7.5% | 264 |
| AQUA-TOTS SWIM SCHOOLS | $1.6M – $2.9M | $50K | 6.0% | 131 |
| X-GOLF | $1.1M – $1.7M | $40K | 7.0% | 122 |
| SAFESPLASH SWIM SCHOOL | $945K – $1.3M | $55K | 6.0% | 90 |
Sports & Recreation Average 26 franchises | $1.8M – $2.7M | $1.0M | 7.0% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 26 Sports & Recreation franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
SBA Loan History
Historical SBA 7(a) loan data for Cruisin' Tikis franchisees (2021 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
77 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
77 Contacts Available
Unlock all Cruisin' Tikis franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a Cruisin' Tikis franchise ranges from $83,015 to $123,650. This includes a franchise fee of $20,000. Ongoing royalty fees are 6.0% of gross sales.
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