Start-Up Costs and Fees |
||
| GrandStay Residential Suites | Ramada Worldwide | |
| Investment | 117900 - 10090200 | 220731 - 9291313 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 4.50% |
| Advertising Fee | 2% | 4% |
| Year Founded | 2000 | 1954 |
| Year Franchised | 2000 | 1990 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| GrandStay Residential Suites | Ramada Worldwide | |
| Experience | ||
Financing Options |
||
| GrandStay Residential Suites | Ramada Worldwide | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| GrandStay Residential Suites | Ramada Worldwide | |
| Training | Regional workshops | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| GrandStay Residential Suites | Ramada Worldwide | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| GrandStay Residential Suites | |
| Ramada Worldwide | |
| Franchise Fee | |
| GrandStay Residential Suites | |
| Ramada Worldwide | |
| Royalty Fee | |
| GrandStay Residential Suites | 5% |
| Ramada Worldwide | 4.50% |
| Advertising Fee | |
| GrandStay Residential Suites | 2% |
| Ramada Worldwide | 4% |
| Year Founded | |
| GrandStay Residential Suites | 2000 |
| Ramada Worldwide | 1954 |
| Year Franchised | |
| GrandStay Residential Suites | 2000 |
| Ramada Worldwide | 1990 |
| Term Of Agreement | |
| GrandStay Residential Suites | |
| Ramada Worldwide | 15-20 years |
| Renewal Fee | |
| GrandStay Residential Suites | |
| Ramada Worldwide | |
Business Experience Requirements |
|
| Experience | |
| GrandStay Residential Suites | |
| Ramada Worldwide | |
Financing Options |
|
| Franchise Fees | |
| GrandStay Residential Suites | |
| Ramada Worldwide | |
| Start-up Costs | |
| GrandStay Residential Suites | |
| Ramada Worldwide | |
| Equipment | |
| GrandStay Residential Suites} | |
| Ramada Worldwide | |
| Inventory | |
| GrandStay Residential Suites | |
| Ramada Worldwide | |
| Receivables | |
| GrandStay Residential Suites | |
| Ramada Worldwide | |
| Payroll | |
| GrandStay Residential Suites | |
| Ramada Worldwide | |
Training & Support |
|
| Training | |
| GrandStay Residential Suites | |
| Ramada Worldwide | Regional workshops |
| Support | |
| GrandStay Residential Suites | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| GrandStay Residential Suites | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| GrandStay Residential Suites | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| GrandStay Residential Suites | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Ramada Worldwide | |
| Canada Expansion | |
| GrandStay Residential Suites | |
| Ramada Worldwide | |
| International Expansion | |
| GrandStay Residential Suites | |
| Ramada Worldwide | |