Start-Up Costs and Fees |
||
| My Place Hotels | Motel 6 | |
| Investment | 4108050 - 5709950 | 206850 - 8823850 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | |
| Advertising Fee | 3.50% | |
| Year Founded | 2014 | 1962 |
| Year Franchised | 2014 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| My Place Hotels | Motel 6 | |
| Experience | General business experience | |
Financing Options |
||
| My Place Hotels | Motel 6 | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| My Place Hotels | Motel 6 | |
| Training | On-The-Job Training: 25-30 hours Classroom Training: 40 hours Additional Training: Annual convention | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | |
| Marketing | Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 20 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | |
Expansion Plans |
||
| My Place Hotels | Motel 6 | |
| 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 | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| My Place Hotels | |
| Motel 6 | |
| Franchise Fee | |
| My Place Hotels | |
| Motel 6 | |
| Royalty Fee | |
| My Place Hotels | |
| Motel 6 | 5% |
| Advertising Fee | |
| My Place Hotels | |
| Motel 6 | 3.50% |
| Year Founded | |
| My Place Hotels | 2014 |
| Motel 6 | 1962 |
| Year Franchised | |
| My Place Hotels | 2014 |
| Motel 6 | 1996 |
| Term Of Agreement | |
| My Place Hotels | |
| Motel 6 | 10-15 years |
| Renewal Fee | |
| My Place Hotels | |
| Motel 6 | 50% of current franchisee fee |
Business Experience Requirements |
|
| Experience | |
| My Place Hotels | |
| Motel 6 | General business experience |
Financing Options |
|
| Franchise Fees | |
| My Place Hotels | |
| Motel 6 | |
| Start-up Costs | |
| My Place Hotels | |
| Motel 6 | |
| Equipment | |
| My Place Hotels} | |
| Motel 6 | |
| Inventory | |
| My Place Hotels | |
| Motel 6 | |
| Receivables | |
| My Place Hotels | |
| Motel 6 | |
| Payroll | |
| My Place Hotels | |
| Motel 6 | |
Training & Support |
|
| Training | |
| My Place Hotels | |
| Motel 6 | On-The-Job Training: 25-30 hours Classroom Training: 40 hours Additional Training: Annual convention |
| Support | |
| My Place Hotels | |
| Motel 6 | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| My Place Hotels | |
| Motel 6 | Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| My Place Hotels | |
| Motel 6 | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 20 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| My Place Hotels | 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 |
| Motel 6 | |
| Canada Expansion | |
| My Place Hotels | |
| Motel 6 | |
| International Expansion | |
| My Place Hotels | |
| Motel 6 | Canada, |