Start-Up Costs and Fees |
||
| Home2 Suites | Vagabond Inns | |
| Investment | 9102300 - 17456500 | 2800000 - 5800000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 2.50% |
| Advertising Fee | 3.50% | |
| Year Founded | 2008 | 1958 |
| Year Franchised | 2009 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Home2 Suites | Vagabond Inns | |
| Experience | ||
Financing Options |
||
| Home2 Suites | Vagabond Inns | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Home2 Suites | Vagabond Inns | |
| Training | On-The-Job Training: 1 hour Classroom Training: Varies | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | |
| 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 | Vagabond Inns | |
| 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 | 0 |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Home2 Suites | |
| Vagabond Inns | |
| Franchise Fee | |
| Home2 Suites | |
| Vagabond Inns | |
| Royalty Fee | |
| Home2 Suites | 5% |
| Vagabond Inns | 2.50% |
| Advertising Fee | |
| Home2 Suites | 3.50% |
| Vagabond Inns | |
| Year Founded | |
| Home2 Suites | 2008 |
| Vagabond Inns | 1958 |
| Year Franchised | |
| Home2 Suites | 2009 |
| Vagabond Inns | 2000 |
| Term Of Agreement | |
| Home2 Suites | 22 years |
| Vagabond Inns | 20 years |
| Renewal Fee | |
| Home2 Suites | Same as initial fee |
| Vagabond Inns | |
Business Experience Requirements |
|
| Experience | |
| Home2 Suites | |
| Vagabond Inns | |
Financing Options |
|
| Franchise Fees | |
| Home2 Suites | |
| Vagabond Inns | |
| Start-up Costs | |
| Home2 Suites | |
| Vagabond Inns | |
| Equipment | |
| Home2 Suites} | |
| Vagabond Inns | |
| Inventory | |
| Home2 Suites | |
| Vagabond Inns | |
| Receivables | |
| Home2 Suites | |
| Vagabond Inns | |
| Payroll | |
| Home2 Suites | |
| Vagabond Inns | |
Training & Support |
|
| Training | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| Vagabond Inns | |
| 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 |
| Vagabond Inns | |
| Marketing | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Vagabond Inns | |
| Operations | |
| Home2 Suites | Number of Employees Required to Run: 30 |
| Vagabond Inns | |
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 |
| Vagabond Inns | |
| 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 |
| Vagabond Inns | 0 |
| International Expansion | |
| Home2 Suites | Worldwide, |
| Vagabond Inns | |