Start-Up Costs and Fees |
||
| Econo Lodge | Hospitality | |
| Investment | 208275 - 938645 | 133600 - 2602000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | $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 |
||
| Econo Lodge | Hospitality | |
| Experience | ||
Financing Options |
||
| Econo Lodge | Hospitality | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Econo Lodge | 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 |
||
| Econo Lodge | 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 | |
| Econo Lodge | |
| Hospitality | |
| Franchise Fee | |
| Econo Lodge | |
| Hospitality | |
| Royalty Fee | |
| Econo Lodge | 4.50% |
| Hospitality | $35/rm/night |
| Advertising Fee | |
| Econo Lodge | 3.50% |
| Hospitality | |
| Year Founded | |
| Econo Lodge | 0 |
| Hospitality | 1971 |
| Year Franchised | |
| Econo Lodge | 0 |
| Hospitality | 1982 |
| Term Of Agreement | |
| Econo Lodge | 20 years |
| Hospitality | 5 years |
| Renewal Fee | |
| Econo Lodge | |
| Hospitality | |
Business Experience Requirements |
|
| Experience | |
| Econo Lodge | |
| Hospitality | |
Financing Options |
|
| Franchise Fees | |
| Econo Lodge | |
| Hospitality | |
| Start-up Costs | |
| Econo Lodge | |
| Hospitality | |
| Equipment | |
| Econo Lodge} | |
| Hospitality | |
| Inventory | |
| Econo Lodge | |
| Hospitality | |
| Receivables | |
| Econo Lodge | |
| Hospitality | |
| Payroll | |
| Econo Lodge | |
| Hospitality | |
Training & Support |
|
| Training | |
| Econo Lodge | |
| Hospitality | Classroom Training: 10.5 hours Additional Training: At regional training seminars |
| Support | |
| Econo Lodge | |
| Hospitality | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | |
| Econo Lodge | |
| Hospitality | Ad Templates Regional Advertising Social media Website development Email marketing |
| Operations | |
| Econo Lodge | |
| 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 | |
| Econo Lodge | |
| 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 | |
| Econo Lodge | |
| Hospitality | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| Econo Lodge | |
| Hospitality | |