Start-Up Costs and Fees |
||
| Everhome Suites | Microtel Inns & Suites | |
| Investment | 10108350 - 12101869 | 5709119 - 6799356 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 0 | 1987 |
| Year Franchised | 0 | 1988 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Everhome Suites | Microtel Inns & Suites | |
| Experience | General business experience | |
Financing Options |
||
| Everhome Suites | Microtel Inns & Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Everhome Suites | 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 |
||
| Everhome Suites | 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 | |
| Everhome Suites | |
| Microtel Inns & Suites | |
| Franchise Fee | |
| Everhome Suites | |
| Microtel Inns & Suites | |
| Royalty Fee | |
| Everhome Suites | |
| Microtel Inns & Suites | 6% |
| Advertising Fee | |
| Everhome Suites | |
| Microtel Inns & Suites | 2% |
| Year Founded | |
| Everhome Suites | 0 |
| Microtel Inns & Suites | 1987 |
| Year Franchised | |
| Everhome Suites | 0 |
| Microtel Inns & Suites | 1988 |
| Term Of Agreement | |
| Everhome Suites | |
| Microtel Inns & Suites | 20 years |
| Renewal Fee | |
| Everhome Suites | |
| Microtel Inns & Suites | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| Everhome Suites | |
| Microtel Inns & Suites | General business experience |
Financing Options |
|
| Franchise Fees | |
| Everhome Suites | |
| Microtel Inns & Suites | |
| Start-up Costs | |
| Everhome Suites | |
| Microtel Inns & Suites | |
| Equipment | |
| Everhome Suites} | |
| Microtel Inns & Suites | |
| Inventory | |
| Everhome Suites | |
| Microtel Inns & Suites | |
| Receivables | |
| Everhome Suites | |
| Microtel Inns & Suites | |
| Payroll | |
| Everhome Suites | |
| Microtel Inns & Suites | |
Training & Support |
|
| Training | |
| Everhome Suites | |
| Microtel Inns & Suites | |
| Support | |
| Everhome Suites | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Everhome Suites | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Everhome Suites | |
| 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 | |
| Everhome Suites | 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 | |
| Everhome Suites | |
| Microtel Inns & Suites | 0 |
| International Expansion | |
| Everhome Suites | |
| Microtel Inns & Suites | |