Business Overview

Timeshares promise vacationers unforgettable getaways, but those experiences come with substantial recurring payments in the form of mortgages and annual maintenance fees. Many people who purchase timeshares ultimately have buyers remorse and want out, only to find that getting rid of a timeshare isn’t as easy as they hoped.

 

Timeshare owners who have passed the recission period (during which the agreement can be cancelled) have few ways to dispose of their timeshare. Resorts often won’t agree to cancel timeshares and, since timeshares depreciate faster than cars, selling doesn’t bring in much money. In many cases, owners aren’t even able to give away their timeshares.


Timeshare exit businesses help timeshare owners get out of the agreements they’ve signed. With 1.15 million or more owners wanting out of timeshare agreements, there is strong demand for this type of business.

Who is this business right for?

Anyone who is detail oriented and not afraid of conflict may enjoy running a timeshare exit business. In many cases, helping customers get out of timeshares involves heady legal battles that call for attention to detail and confrontation.

What happens during a typical day at a time share exit business?

Running a timeshare exit business is a legal proposition that has three primary aspects:

  • Explaining the process to customers, who may be upset, confused, and frustrated
  • Researching applicable laws and preparing legal paperwork
  • Communicating with resorts, which may involve phone calls, letters, and court appearances

What is the target market?

The target market for a timeshare exit business is timeshare owners. Timeshare owners tend to have at least some discretionary income, but that’s not always the case. They are usually people who like to go on vacations.

How does a time share exit business make money?

A timeshare exit business makes money by charging customers to help them get out of timeshares. Because the process can take months or years, many companies charge their fee up front.

What is the growth potential for a time share exit business?

Most of a timeshare exit business’ work is done remotely, so it’s easy to grow. Some businesses may remain smaller law firms, but many expand quickly once they specialize in timeshares. Primo Management Group is a one-attorney practice specializing in this work. Finn Law Group and Timeshare Exit Team are examples of larger companies handling timeshare exits.