Start-Up Costs and Fees |
||
| NYLO Hotels | Hospitality | |
| Investment | 10880000 - 14800000 | 133600 - 2602000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | $35/rm/night |
| Advertising Fee | 3.50% | |
| Year Founded | 0 | 1971 |
| Year Franchised | 0 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| NYLO Hotels | Hospitality | |
| Experience | ||
Financing Options |
||
| NYLO Hotels | Hospitality | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| NYLO Hotels | Hospitality | |
| Training | Classroom Training: 10.5 hours Additional Training: At regional training seminars | |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | |
| Marketing | Ad Templates Regional Advertising Social media Website development Email marketing | |
| Operations | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | |
Expansion Plans |
||
| NYLO Hotels | Hospitality | |
| 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 |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| NYLO Hotels | |
| Hospitality | |
| Franchise Fee | |
| NYLO Hotels | |
| Hospitality | |
| Royalty Fee | |
| NYLO Hotels | 5% |
| Hospitality | $35/rm/night |
| Advertising Fee | |
| NYLO Hotels | 3.50% |
| Hospitality | |
| Year Founded | |
| NYLO Hotels | 0 |
| Hospitality | 1971 |
| Year Franchised | |
| NYLO Hotels | 0 |
| Hospitality | 1982 |
| Term Of Agreement | |
| NYLO Hotels | |
| Hospitality | 5 years |
| Renewal Fee | |
| NYLO Hotels | |
| Hospitality | |
Business Experience Requirements |
|
| Experience | |
| NYLO Hotels | |
| Hospitality | |
Financing Options |
|
| Franchise Fees | |
| NYLO Hotels | |
| Hospitality | |
| Start-up Costs | |
| NYLO Hotels | |
| Hospitality | |
| Equipment | |
| NYLO Hotels} | |
| Hospitality | |
| Inventory | |
| NYLO Hotels | |
| Hospitality | |
| Receivables | |
| NYLO Hotels | |
| Hospitality | |
| Payroll | |
| NYLO Hotels | |
| Hospitality | |
Training & Support |
|
| Training | |
| NYLO Hotels | |
| Hospitality | Classroom Training: 10.5 hours Additional Training: At regional training seminars |
| Support | |
| NYLO Hotels | |
| Hospitality | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | |
| NYLO Hotels | |
| Hospitality | Ad Templates Regional Advertising Social media Website development Email marketing |
| Operations | |
| NYLO Hotels | |
| Hospitality | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| NYLO Hotels | |
| Hospitality | 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 | |
| NYLO Hotels | |
| Hospitality | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| NYLO Hotels | |
| Hospitality | |