Start-Up Costs and Fees |
||
| GrandStay Residential Suites | Wingate by Wyndham | |
| Investment | 117900 - 10090200 | 375465 - 10816446 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 4.50% |
| Advertising Fee | 2% | 4% |
| Year Founded | 2000 | 1995 |
| Year Franchised | 2000 | 1995 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| GrandStay Residential Suites | Wingate by Wyndham | |
| Experience | ||
Financing Options |
||
| GrandStay Residential Suites | Wingate by Wyndham | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| GrandStay Residential Suites | Wingate by Wyndham | |
| Training | Regional workshops | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, National media, Regional advertising | |
| Operations | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| GrandStay Residential Suites | Wingate by Wyndham | |
| 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | |
| Franchise Fee | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | |
| Royalty Fee | |
| GrandStay Residential Suites | 5% |
| Wingate by Wyndham | 4.50% |
| Advertising Fee | |
| GrandStay Residential Suites | 2% |
| Wingate by Wyndham | 4% |
| Year Founded | |
| GrandStay Residential Suites | 2000 |
| Wingate by Wyndham | 1995 |
| Year Franchised | |
| GrandStay Residential Suites | 2000 |
| Wingate by Wyndham | 1995 |
| Term Of Agreement | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | 20 years |
| Renewal Fee | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | |
Business Experience Requirements |
|
| Experience | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | |
Financing Options |
|
| Franchise Fees | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | |
| Start-up Costs | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | |
| Equipment | |
| GrandStay Residential Suites} | |
| Wingate by Wyndham | |
| Inventory | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | |
| Receivables | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | |
| Payroll | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | |
Training & Support |
|
| Training | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | Regional workshops |
| Support | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | Co-op advertising, National media, Regional advertising |
| Operations | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 - 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 |
| Wingate by Wyndham | |
| Canada Expansion | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | |
| International Expansion | |
| GrandStay Residential Suites | |
| Wingate by Wyndham | |