Established in 1960, Mayflower Holidays have grown to become a reputable travel company and has been named ‘The most respected and preferred partner in the travel industry’. Such an accolade is recognition for offering some of the best travel services in the country.
Variety of travel-related services
As a leading travel service specialist in the country, the company offers a wide variety of services such as global tours, Malaysia tours, ground transportation, car rental, airline ticketing, hotel reservations, cruises and shore excursions.
Besides that, Mayflower is also known to offer services like the MM2H programme, nature health and golfing tours, as well as tailored-made tours for individual and group needs.
Background of Mayflower Holidays
A subsidiary entity under Warisan TC Holdings Berhad, Mayflower serves customers from over 60 countries thanks to the support of 300 foreign and 500 local partners.
Since its establishment, Mayflower today has an extensive workforce of over 500 oriented employees, more than 1,500 vehicles and 12 offices and branches in Malaysia.
For the convenience of its customers, Mayflower also operates airport counters to ensure tourists have a pleasant trip through vehicle rentals.
Mayflower Travel Franchise Solutions (MTFS) was established to adopt best practices for the convenience of customers. This travel franchise solution is specially developed by a team of franchise and travel industry experts.
It helps that you can now own your travel company without needing to do the groundwork because Mayflower would have it ready for it. All you need is a lot of passion and commitment to make your business work and you are ready to go!
The fees required to start a business like this would vary according to the size that you are venturing in. the franchise fees is at RM50,000 usually for a 5-year term.
The initial capital could well be around RM200,000 or more depending on the extent of your renovation and staffing. On top of that, you will need to pay royalty fees of 18% of your net operating profit.
What do our experts say?
Mayflower is perhaps one of the most renowned brands that you can venture if you have a passion in the travel and tourism industry of Malaysia. What you get really is the right combination of a variety of services in this business.
- Brand Reputation – Very established and reputable.
- Initial Capital – You would expect to allocate about RM500,000 to start this franchise.
- Return on Investment – There is no need to build the brand from scratch but you will need to have funds to sustain the business for the first year or so.
- Location – A stand-alone shop or an office lot would be suitable.
- Customer Segment – Travelers and corporate customers.
- Franchise Fees – RM500,000 for the first 5 years.
- Royalty Fees – 18% of the Net Operating Profit.
The Final Word
This business will require high capital to start but you can surely tap into the vibrant market with a reputable brand. Sustaining the business would be a challenge but once it gets going, there should be no major issues.