Start-Up Costs and Fees |
||
| HomeTowne Studios | Ramada Worldwide | |
| Investment | 345500 - 1238500 | 220731 - 9291313 |
| Franchise Fee | 0 | |
| Royalty Fee | 3% | 4.50% |
| Advertising Fee | 4% | |
| Year Founded | 2017 | 1954 |
| Year Franchised | 2017 | 1990 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HomeTowne Studios | Ramada Worldwide | |
| Experience | ||
Financing Options |
||
| HomeTowne Studios | Ramada Worldwide | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| HomeTowne Studios | Ramada Worldwide | |
| Training | Regional workshops | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| HomeTowne Studios | Ramada Worldwide | |
| 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 | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| HomeTowne Studios | |
| Ramada Worldwide | |
| Franchise Fee | |
| HomeTowne Studios | |
| Ramada Worldwide | |
| Royalty Fee | |
| HomeTowne Studios | 3% |
| Ramada Worldwide | 4.50% |
| Advertising Fee | |
| HomeTowne Studios | |
| Ramada Worldwide | 4% |
| Year Founded | |
| HomeTowne Studios | 2017 |
| Ramada Worldwide | 1954 |
| Year Franchised | |
| HomeTowne Studios | 2017 |
| Ramada Worldwide | 1990 |
| Term Of Agreement | |
| HomeTowne Studios | |
| Ramada Worldwide | 15-20 years |
| Renewal Fee | |
| HomeTowne Studios | |
| Ramada Worldwide | |
Business Experience Requirements |
|
| Experience | |
| HomeTowne Studios | |
| Ramada Worldwide | |
Financing Options |
|
| Franchise Fees | |
| HomeTowne Studios | |
| Ramada Worldwide | |
| Start-up Costs | |
| HomeTowne Studios | |
| Ramada Worldwide | |
| Equipment | |
| HomeTowne Studios} | |
| Ramada Worldwide | |
| Inventory | |
| HomeTowne Studios | |
| Ramada Worldwide | |
| Receivables | |
| HomeTowne Studios | |
| Ramada Worldwide | |
| Payroll | |
| HomeTowne Studios | |
| Ramada Worldwide | |
Training & Support |
|
| Training | |
| HomeTowne Studios | |
| Ramada Worldwide | Regional workshops |
| Support | |
| HomeTowne Studios | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| HomeTowne Studios | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| HomeTowne Studios | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| HomeTowne Studios | 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 |
| Ramada Worldwide | |
| Canada Expansion | |
| HomeTowne Studios | |
| Ramada Worldwide | |
| International Expansion | |
| HomeTowne Studios | Worldwide, |
| Ramada Worldwide | |