Start-Up Costs and Fees |
||
| GrandStay Residential Suites | Microtel Inns & Suites | |
| Investment | 117900 - 10090200 | 5709119 - 6799356 |
| Franchise Fee | ||
| Royalty Fee | 5% | 6% |
| Advertising Fee | 2% | 2% |
| Year Founded | 2000 | 1987 |
| Year Franchised | 2000 | 1988 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| GrandStay Residential Suites | Microtel Inns & Suites | |
| Experience | General business experience | |
Financing Options |
||
| GrandStay Residential Suites | Microtel Inns & Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| GrandStay Residential 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 |
||
| GrandStay Residential 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 | |
| GrandStay Residential Suites | |
| Microtel Inns & Suites | |
| Franchise Fee | |
| GrandStay Residential Suites | |
| Microtel Inns & Suites | |
| Royalty Fee | |
| GrandStay Residential Suites | 5% |
| Microtel Inns & Suites | 6% |
| Advertising Fee | |
| GrandStay Residential Suites | 2% |
| Microtel Inns & Suites | 2% |
| Year Founded | |
| GrandStay Residential Suites | 2000 |
| Microtel Inns & Suites | 1987 |
| Year Franchised | |
| GrandStay Residential Suites | 2000 |
| Microtel Inns & Suites | 1988 |
| Term Of Agreement | |
| GrandStay Residential Suites | |
| Microtel Inns & Suites | 20 years |
| Renewal Fee | |
| GrandStay Residential Suites | |
| Microtel Inns & Suites | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| GrandStay Residential Suites | |
| Microtel Inns & Suites | General business experience |
Financing Options |
|
| Franchise Fees | |
| GrandStay Residential Suites | |
| Microtel Inns & Suites | |
| Start-up Costs | |
| GrandStay Residential Suites | |
| Microtel Inns & Suites | |
| Equipment | |
| GrandStay Residential Suites} | |
| Microtel Inns & Suites | |
| Inventory | |
| GrandStay Residential Suites | |
| Microtel Inns & Suites | |
| Receivables | |
| GrandStay Residential Suites | |
| Microtel Inns & Suites | |
| Payroll | |
| GrandStay Residential Suites | |
| Microtel Inns & Suites | |
Training & Support |
|
| Training | |
| GrandStay Residential Suites | |
| Microtel Inns & Suites | |
| Support | |
| GrandStay Residential Suites | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| GrandStay Residential Suites | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| GrandStay Residential 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 | |
| GrandStay Residential 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 | |
| GrandStay Residential Suites | |
| Microtel Inns & Suites | 0 |
| International Expansion | |
| GrandStay Residential Suites | |
| Microtel Inns & Suites | |