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.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
6% royalty + 2% brand promotion fund + $25-$100/mo technology fee
Franchise Stats
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 to Other Sports & Recreation Franchises
Key Insights
- Top 10 largest franchise system in Sports & Recreation
- Higher than average SBA loan default rate in Sports & Recreation
| Franchise | Investment Range | Franchise 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
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a Cruisin' Tikis franchise?
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.
How many Cruisin' Tikis franchise locations are there?
As of the 2024 FDD, Cruisin' Tikis has 106 franchise locations. The company has been franchising since 2018.
Can you get an SBA loan for a Cruisin' Tikis franchise?
Yes, SBA loans are available for Cruisin' Tikis franchises. Historical data shows 5 SBA 7(a) loans have been approved for Cruisin' Tikis franchisees, with an average loan amount of $689,600. The historical default rate is 0.0%.
Is Cruisin' Tikis a good franchise to buy?
Cruisin' Tikis shows several positive indicators: established brand with 106+ locations, low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in Cruisin' Tikis?
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