Start-Up Costs and Fees |
||
| AFM Hospitality Corporation | WoodSpring Suites | |
| Investment | 2000000 - 20000000 | 5035000 - 7031000 |
| Franchise Fee | ||
| Royalty Fee | 3% | 5% |
| Advertising Fee | 4% | 2.50% |
| Year Founded | 1991 | 2003 |
| Year Franchised | 1992 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| AFM Hospitality Corporation | WoodSpring Suites | |
| Experience | ||
Financing Options |
||
| AFM Hospitality Corporation | WoodSpring Suites | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| AFM Hospitality Corporation | WoodSpring Suites | |
| Training | On-Site 3-5 Days | On-The-Job Training: Upon request Classroom Training: Varies |
| Support | Central Data Processing: Central Purchasing: Field Operation Evaluation: Field Training: Initial Store Opening: Franchisee Newsletter: Regional or National Meetings: 800 Telephone Hotline: | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | ||
| Operations | ||
Expansion Plans |
||
| AFM Hospitality Corporation | WoodSpring Suites | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| AFM Hospitality Corporation | |
| WoodSpring Suites | |
| Franchise Fee | |
| AFM Hospitality Corporation | |
| WoodSpring Suites | |
| Royalty Fee | |
| AFM Hospitality Corporation | 3% |
| WoodSpring Suites | 5% |
| Advertising Fee | |
| AFM Hospitality Corporation | 4% |
| WoodSpring Suites | 2.50% |
| Year Founded | |
| AFM Hospitality Corporation | 1991 |
| WoodSpring Suites | 2003 |
| Year Franchised | |
| AFM Hospitality Corporation | 1992 |
| WoodSpring Suites | 2004 |
| Term Of Agreement | |
| AFM Hospitality Corporation | 5/5/5/5 Years |
| WoodSpring Suites | |
| Renewal Fee | |
| AFM Hospitality Corporation | |
| WoodSpring Suites | |
Business Experience Requirements |
|
| Experience | |
| AFM Hospitality Corporation | |
| WoodSpring Suites | |
Financing Options |
|
| Franchise Fees | |
| AFM Hospitality Corporation | |
| WoodSpring Suites | |
| Start-up Costs | |
| AFM Hospitality Corporation | |
| WoodSpring Suites | |
| Equipment | |
| AFM Hospitality Corporation} | |
| WoodSpring Suites | |
| Inventory | |
| AFM Hospitality Corporation | |
| WoodSpring Suites | |
| Receivables | |
| AFM Hospitality Corporation | |
| WoodSpring Suites | |
| Payroll | |
| AFM Hospitality Corporation | |
| WoodSpring Suites | |
Training & Support |
|
| Training | |
| AFM Hospitality Corporation | On-Site 3-5 Days |
| WoodSpring Suites | On-The-Job Training: Upon request Classroom Training: Varies |
| 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: |
| WoodSpring Suites | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | |
| AFM Hospitality Corporation | |
| WoodSpring Suites | |
| Operations | |
| AFM Hospitality Corporation | |
| WoodSpring Suites | |
Expansion Plans |
|
| US Expansion | |
| AFM Hospitality Corporation | |
| WoodSpring Suites | |
| Canada Expansion | |
| AFM Hospitality Corporation | |
| WoodSpring Suites | |
| International Expansion | |
| AFM Hospitality Corporation | |
| WoodSpring Suites | |