Start-Up Costs and Fees |
||
| Home2 Suites | Ramada Worldwide | |
| Investment | 9102300 - 17456500 | 220731 - 9291313 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 4.50% |
| Advertising Fee | 3.50% | 4% |
| Year Founded | 2008 | 1954 |
| Year Franchised | 2009 | 1990 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Home2 Suites | Ramada Worldwide | |
| Experience | ||
Financing Options |
||
| Home2 Suites | Ramada Worldwide | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Home2 Suites | Ramada Worldwide | |
| Training | On-The-Job Training: 1 hour Classroom Training: Varies | Regional workshops |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | Number of Employees Required to Run: 30 | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| Home2 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Home2 Suites | |
| Ramada Worldwide | |
| Franchise Fee | |
| Home2 Suites | |
| Ramada Worldwide | |
| Royalty Fee | |
| Home2 Suites | 5% |
| Ramada Worldwide | 4.50% |
| Advertising Fee | |
| Home2 Suites | 3.50% |
| Ramada Worldwide | 4% |
| Year Founded | |
| Home2 Suites | 2008 |
| Ramada Worldwide | 1954 |
| Year Franchised | |
| Home2 Suites | 2009 |
| Ramada Worldwide | 1990 |
| Term Of Agreement | |
| Home2 Suites | 22 years |
| Ramada Worldwide | 15-20 years |
| Renewal Fee | |
| Home2 Suites | Same as initial fee |
| Ramada Worldwide | |
Business Experience Requirements |
|
| Experience | |
| Home2 Suites | |
| Ramada Worldwide | |
Financing Options |
|
| Franchise Fees | |
| Home2 Suites | |
| Ramada Worldwide | |
| Start-up Costs | |
| Home2 Suites | |
| Ramada Worldwide | |
| Equipment | |
| Home2 Suites} | |
| Ramada Worldwide | |
| Inventory | |
| Home2 Suites | |
| Ramada Worldwide | |
| Receivables | |
| Home2 Suites | |
| Ramada Worldwide | |
| Payroll | |
| Home2 Suites | |
| Ramada Worldwide | |
Training & Support |
|
| Training | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| Ramada Worldwide | Regional workshops |
| Support | |
| Home2 Suites | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Home2 Suites | Number of Employees Required to Run: 30 |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| Home2 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 | |
| Home2 Suites | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Ramada Worldwide | |
| International Expansion | |
| Home2 Suites | Worldwide, |
| Ramada Worldwide | |