Tl N
Franchise research report · reviewed 2026 disclosure data
Researching Tl N franchise opportunities? Every figure below is cited to the FDD.
Travel Leaders franchises convert existing travel agencies to the Travel Leaders brand and operating system. Agencies serve business and vacation travelers with reservations for flights, cruises, hotels, rental cars, and tour packages from a specified business location.
Headline figures
Tl N quick facts
- Is Tl N a franchise?
- Yes. Tl N offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 187 franchised and 1 company-owned outlets (2026 FDD, Item 20, PDF p. 33).
- How much does it cost to open a Tl N franchise?
- The Tl N Franchise Disclosure Document reports an estimated initial investment of $2,270–$17,910 (2026 FDD, Item 7, PDF p. 16). This is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does Tl N charge?
- The disclosed ongoing royalty is $124 (2026 FDD, Item 6, PDF p. 11). The brand or advertising fund contribution is $340 (2026 FDD, Item 6, PDF p. 11). Other recurring fees are listed in Item 6. Details
- How many Tl N locations are there?
- The FDD reports 188 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 33). Existing locations do not indicate territory availability. Details
- Is Tl N a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: no reviewed Item 19 figures are on file here, so check the FDD's Item 19 directly; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1Opening costs are estimated at $2,270 – $17,910 in the 2026 FDD (Item 7); several initial fee options apply.
- 2Item 19 has not been reviewed yet.
- 3Outlets declined by 2 in 2025, to 188 (Systemwide, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Tl N head-to-head
Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Total estimated initial investment
2026 FDD · Item 7 · PDF p. 16
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Enterprise continuing license fee — branch locationMain ongoing fee
27 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
No financial performance representation in Item 19
The reviewed 2026 FDD for Tl N has no Item 19 figures on record. Franopolis does not estimate revenue or earnings in their place; ask the franchisor and current owners what unit-level information they can share.
Outlet Changes — Item 20
How has the outlet count changed?
Systemwide, as labeled in the FDD · counts as of year 2025 of each year.
2026 FDD · Item 20 · PDF p. 33
Net +4 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($2,270 – $17,910) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Does the current FDD include an Item 19 financial performance representation?
Reported units decreased from 190 to 188 in 2025. What drove the change?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Estimated initial investment — Item 7 · PDF p. 16
- [2]Outlet counts — Item 20, Table 1 · PDF p. 33
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.
Territory & operations
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2025 | total assets | $68,796 |
| 2025 | total liabilities | $30,140 |
| 2025 | member's equity | $38,656 |
| 2025 | revenue | $131,711 |
| 2025 | net income | $56,483 |
| 2025 | net cash provided by operating activities | $49,549 |
| 2024 | net cash provided by operating activities | $42,222 |
| 2024 | total assets | $38,128 |
| 2024 | total liabilities | $50,595 |
| 2024 | member's equity | -$12,467 |
| 2024 | revenue | $118,478 |
| 2024 | net income | $43,048 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.
Travel Leaders Network
Expedia CruiseShipCenters
Americas Best Value Inn
Apartments by Marriott BonvoyCSCandlewood Suites
Choice Hotels InternationalHead-to-head comparisons
At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Reader notes on wording
Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.
Item 12 · PDF p. 25 · 2026 FDD
Our summary: Exclusive territory: No
“The License Agreement does not provide you with any exclusive area or territory. You will not receive an exclusive territory.”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 12 · PDF p. 22 · 2026 FDD
Our summary: Territory definition: specific Protected Area, typically cities or counties, selected primarily by hotel-room count
“You receive a franchise for a specific Protected Area, which will be described in your Franchise Agreement. Protected Areas are typically comprised of specific cities or counties. The primary factor for selecting a Protected Area is the number of hotel rooms.”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 12 · PDF p. 25 · 2026 FDD
Our summary: Commercial account restrictions can limit solicitation
“We have the right to impose restrictions on you with respect to commercial account business, including restrictions as to certain classes of customer and as to certain specific customers as well as restricting you from soliciting customers within a designated geographic area.”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 12 · PDF p. 25 · 2026 FDD
Our summary: Competition: TLN may establish or acquire company-owned and franchised locations anywhere
“We and our affiliates have the right, anywhere and without notice, to establish or acquire company-owned locations, as well as franchised travel agencies under the TRAVEL LEADERS Service Mark or any other mark.”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.