Start-Up Costs and Fees |
||
| WaterWalk Hotels and Apartments | Microtel Inns & Suites | |
| Investment | 19960000 - 25430000 | 5709119 - 6799356 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 2014 | 1987 |
| Year Franchised | 2014 | 1988 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| WaterWalk Hotels and Apartments | Microtel Inns & Suites | |
| Experience | General business experience | |
Financing Options |
||
| WaterWalk Hotels and Apartments | Microtel Inns & Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| WaterWalk Hotels and Apartments | Microtel Inns & Suites | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| WaterWalk Hotels and Apartments | Microtel Inns & Suites | |
| 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | |
| Franchise Fee | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | |
| Royalty Fee | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | 6% |
| Advertising Fee | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | 2% |
| Year Founded | |
| WaterWalk Hotels and Apartments | 2014 |
| Microtel Inns & Suites | 1987 |
| Year Franchised | |
| WaterWalk Hotels and Apartments | 2014 |
| Microtel Inns & Suites | 1988 |
| Term Of Agreement | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | 20 years |
| Renewal Fee | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | General business experience |
Financing Options |
|
| Franchise Fees | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | |
| Start-up Costs | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | |
| Equipment | |
| WaterWalk Hotels and Apartments} | |
| Microtel Inns & Suites | |
| Inventory | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | |
| Receivables | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | |
| Payroll | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | |
Training & Support |
|
| Training | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | |
| Support | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| WaterWalk Hotels and Apartments | 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 |
| Microtel Inns & Suites | |
| Canada Expansion | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | 0 |
| International Expansion | |
| WaterWalk Hotels and Apartments | |
| Microtel Inns & Suites | |