Start-Up Costs and Fees |
||
| AFM Hospitality Corporation | America's Best Inns & Suites | |
| Investment | 2000000 - 20000000 | 109250 - 5836500 |
| Franchise Fee | ||
| Royalty Fee | 3% | 17.50 -$22.50/room/mo. |
| Advertising Fee | 4% | |
| Year Founded | 1991 | 1970 |
| Year Franchised | 1992 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| AFM Hospitality Corporation | America's Best Inns & Suites | |
| Experience | ||
Financing Options |
||
| AFM Hospitality Corporation | America's Best Inns & Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| AFM Hospitality Corporation | America's Best Inns & Suites | |
| Training | On-Site 3-5 Days | |
| Support | Central Data Processing: Central Purchasing: Field Operation Evaluation: Field Training: Initial Store Opening: Franchisee Newsletter: Regional or National Meetings: 800 Telephone Hotline: | 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 | Number of employees needed to run franchised unit: 6 - 12 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| AFM Hospitality Corporation | America's Best Inns & Suites | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| AFM Hospitality Corporation | |
| America's Best Inns & Suites | |
| Franchise Fee | |
| AFM Hospitality Corporation | |
| America's Best Inns & Suites | |
| Royalty Fee | |
| AFM Hospitality Corporation | 3% |
| America's Best Inns & Suites | 17.50 -$22.50/room/mo. |
| Advertising Fee | |
| AFM Hospitality Corporation | 4% |
| America's Best Inns & Suites | |
| Year Founded | |
| AFM Hospitality Corporation | 1991 |
| America's Best Inns & Suites | 1970 |
| Year Franchised | |
| AFM Hospitality Corporation | 1992 |
| America's Best Inns & Suites | 1982 |
| Term Of Agreement | |
| AFM Hospitality Corporation | 5/5/5/5 Years |
| America's Best Inns & Suites | |
| Renewal Fee | |
| AFM Hospitality Corporation | |
| America's Best Inns & Suites | 50% of then-current fran. fee |
Business Experience Requirements |
|
| Experience | |
| AFM Hospitality Corporation | |
| America's Best Inns & Suites | |
Financing Options |
|
| Franchise Fees | |
| AFM Hospitality Corporation | |
| America's Best Inns & Suites | |
| Start-up Costs | |
| AFM Hospitality Corporation | |
| America's Best Inns & Suites | |
| Equipment | |
| AFM Hospitality Corporation} | |
| America's Best Inns & Suites | |
| Inventory | |
| AFM Hospitality Corporation | |
| America's Best Inns & Suites | |
| Receivables | |
| AFM Hospitality Corporation | |
| America's Best Inns & Suites | |
| Payroll | |
| AFM Hospitality Corporation | |
| America's Best Inns & Suites | |
Training & Support |
|
| Training | |
| AFM Hospitality Corporation | On-Site 3-5 Days |
| America's Best Inns & Suites | |
| Support | |
| AFM Hospitality Corporation | Central Data Processing: Central Purchasing: Field Operation Evaluation: Field Training: Initial Store Opening: Franchisee Newsletter: Regional or National Meetings: 800 Telephone Hotline: |
| America's Best Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| AFM Hospitality Corporation | |
| America's Best Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| AFM Hospitality Corporation | |
| America's Best Inns & Suites | Number of employees needed to run franchised unit: 6 - 12 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| AFM Hospitality Corporation | |
| America's Best Inns & Suites | |
| Canada Expansion | |
| AFM Hospitality Corporation | |
| America's Best Inns & Suites | 0 |
| International Expansion | |
| AFM Hospitality Corporation | |
| America's Best Inns & Suites | |