Start-Up Costs and Fees |
||
| Home2 Suites | AFM Hospitality Corporation | |
| Investment | 9102300 - 17456500 | 2000000 - 20000000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 3% |
| Advertising Fee | 3.50% | 4% |
| Year Founded | 2008 | 1991 |
| Year Franchised | 2009 | 1992 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Home2 Suites | AFM Hospitality Corporation | |
| Experience | ||
Financing Options |
||
| Home2 Suites | AFM Hospitality Corporation | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Home2 Suites | AFM Hospitality Corporation | |
| Training | On-The-Job Training: 1 hour Classroom Training: Varies | On-Site 3-5 Days |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | Central Data Processing: Central Purchasing: Field Operation Evaluation: Field Training: Initial Store Opening: Franchisee Newsletter: Regional or National Meetings: 800 Telephone Hotline: |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | Number of Employees Required to Run: 30 | |
Expansion Plans |
||
| Home2 Suites | AFM Hospitality Corporation | |
| 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 | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Home2 Suites | |
| AFM Hospitality Corporation | |
| Franchise Fee | |
| Home2 Suites | |
| AFM Hospitality Corporation | |
| Royalty Fee | |
| Home2 Suites | 5% |
| AFM Hospitality Corporation | 3% |
| Advertising Fee | |
| Home2 Suites | 3.50% |
| AFM Hospitality Corporation | 4% |
| Year Founded | |
| Home2 Suites | 2008 |
| AFM Hospitality Corporation | 1991 |
| Year Franchised | |
| Home2 Suites | 2009 |
| AFM Hospitality Corporation | 1992 |
| Term Of Agreement | |
| Home2 Suites | 22 years |
| AFM Hospitality Corporation | 5/5/5/5 Years |
| Renewal Fee | |
| Home2 Suites | Same as initial fee |
| AFM Hospitality Corporation | |
Business Experience Requirements |
|
| Experience | |
| Home2 Suites | |
| AFM Hospitality Corporation | |
Financing Options |
|
| Franchise Fees | |
| Home2 Suites | |
| AFM Hospitality Corporation | |
| Start-up Costs | |
| Home2 Suites | |
| AFM Hospitality Corporation | |
| Equipment | |
| Home2 Suites} | |
| AFM Hospitality Corporation | |
| Inventory | |
| Home2 Suites | |
| AFM Hospitality Corporation | |
| Receivables | |
| Home2 Suites | |
| AFM Hospitality Corporation | |
| Payroll | |
| Home2 Suites | |
| AFM Hospitality Corporation | |
Training & Support |
|
| Training | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| AFM Hospitality Corporation | On-Site 3-5 Days |
| Support | |
| Home2 Suites | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| 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: |
| Marketing | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| AFM Hospitality Corporation | |
| Operations | |
| Home2 Suites | Number of Employees Required to Run: 30 |
| AFM Hospitality Corporation | |
Expansion Plans |
|
| US Expansion | |
| Home2 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 |
| AFM Hospitality Corporation | |
| Canada Expansion | |
| Home2 Suites | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| AFM Hospitality Corporation | |
| International Expansion | |
| Home2 Suites | Worldwide, |
| AFM Hospitality Corporation | |