Value Place vs Econo Lodge Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Value Place vs Econo Lodge including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Value Place Econo Lodge
Investment 5035000 - 7031000 208275 - 938645
Franchise Fee
Royalty Fee 5% 4.50%
Advertising Fee 3.50%
Year Founded 2003 0
Year Franchised 2004 0
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Value Place Econo Lodge
Experience

Financing Options
  Value Place Econo Lodge
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Value Place Econo Lodge
Training
Support
Marketing
Operations

Expansion Plans
  Value Place Econo Lodge
US Expansion
Canada Expansion 0
International Expansion

Start-Up Costs and Fees Mobile
Investment
Value Place
Econo Lodge
Franchise Fee
Value Place
Econo Lodge
Royalty Fee
Value Place 5%
Econo Lodge 4.50%
Advertising Fee
Value Place
Econo Lodge 3.50%
Year Founded
Value Place 2003
Econo Lodge 0
Year Franchised
Value Place 2004
Econo Lodge 0
Term Of Agreement
Value Place 20 years
Econo Lodge 20 years
Renewal Fee
Value Place 50% of current fran. fee
Econo Lodge


Business Experience Requirements
Experience
Value Place
Econo Lodge

Financing Options
 
Franchise Fees
Value Place No
Econo Lodge No
Start-up Costs
Value Place
Econo Lodge
Equipment
Value Place}
Econo Lodge
Inventory
Value Place
Econo Lodge
Receivables
Value Place
Econo Lodge
Payroll
Value Place
Econo Lodge

Training & Support
Training
Value Place
Econo Lodge
Support
Value Place
Econo Lodge
Marketing
Value Place
Econo Lodge
Operations
Value Place
Econo Lodge

Expansion Plans
US Expansion
Value Place
Econo Lodge
Canada Expansion
Value Place 0
Econo Lodge
International Expansion
Value Place
Econo Lodge