Cruisin' Tikis
Entertainment & Recreation · Events & Experiences
- Active units
- 106
- Royalty
- 6.0%
Franchised, year-end 2023
of weekly Net Sales
About Cruisin' Tikis
Cruisin' Tikis™ is a brand that offers an unforgettable cruising experience on their unique and hand-crafted floating tiki bars. Whether you want to enjoy a leisurely cruise or own your own franchise, Cruisin' Tikis guarantees a fantastic time. Each Cruisin' Tiki is crafted with skill by their in-house team in the USA, ensuring the highest quality. These floating tiki bars comfortably accommodate up to 6 passengers and come complete with a freshwater sink, cooler filled with ice for beverages, and a high-fidelity Bluetooth speaker system. Rest assured that their vessels are compliant with US Coast Guard regulations, guaranteeing a safe and enjoyable ride. With customizable adventures available for birthdays, weddings, corporate functions, and more, every occasion can be celebrated in style. Don't miss the chance to create amazing memories and experience the joy of cruising with Cruisin' Tikis.
Key terms
- Franchise fee
$20k
- Brand fund
2.0% of Net Sales
- Veteran discount
10.0% off franchise fee — Veterans and First Responder Incentive program discounted Initial Fee of $18,000 for qualifying franchisees
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2024 filing).
Growth
- Total locations106
Franchised units open at year-end
- New openings15
Gross new units opened during the calendar year
- 1-year unit growth rate12.8%
Net unit growth versus prior year
- 3-year unit CAGR23.9%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio15.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$103k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open105 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate6.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.