Smart Travel, one of the leading travel companies in the UAE, has launched a franchise scheme offering an opportunity to entrepreneurs to cash in on the expected boom in the hospitality industry in the UAE.
The new entrepreneurship project is to expand outlets across the UAE to create more entrepreneurs. Franchisees are offered dividend and a guarantee that their full investment will be refunded if they do not receive a dividend within a year.
Smart Travel is also in the process of setting up more than 50 new branches in addition to the franchises in the Middle East and India.
“Smart Travel’s track record, brand value and popularity will be a great asset to those who want to start a franchise. The dividend will be available to the investors in three months from their investment.
If they do not receive a dividend within a year, their full investment will be refunded. The low risk and transparency will make the franchise more attractive to young entrepreneurs,” said Afi Ahmad, Founder and Managing Director of Smart Travel.
The scheme is expected to create employment opportunities for around 600 people from different countries.
“For entrepreneurs who can provide travel and tourism services, this scheme provides an opportunity to launch a Smart Travel franchise in a variety of locations of their choice,” he added.
The company plans to open franchises in all emirates across the country in the coming months. More franchises are planned to be set up in populated areas such as Al Nahda, Deira, Bur Dubai, Qusais, Sonapur, Karama, Al Quoz, Al Dhaid, Ras Al Khaimah, Um Al Quwain, Fujairah, Al Ain, Musaffah, Hamdan Street and Bada Zayed.
Smart Travel LLC was established in June 2015, with just seven employees and in a span of six years, it has become an international brand to be reckoned with and a trusted partner of UAE travelers and visitors, Afi Ahmad said.
The company has more than 100 employees and 11 branches in the UAE. The annual billing of the B2B and B2C company has reached AED350 million and is expected to cross AED750 million by 2025.