Start-Up Costs and Fees |
||
| Hospitality | AFM Hospitality Corporation | |
| Investment | 133600 - 2602000 | 2000000 - 20000000 |
| Franchise Fee | 0 | |
| Royalty Fee | $35/rm/night | 3% |
| Advertising Fee | 4% | |
| Year Founded | 1971 | 1991 |
| Year Franchised | 1982 | 1992 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hospitality | AFM Hospitality Corporation | |
| Experience | ||
Financing Options |
||
| Hospitality | AFM Hospitality Corporation | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Hospitality | AFM Hospitality Corporation | |
| Training | Classroom Training: 10.5 hours Additional Training: At regional training seminars | On-Site 3-5 Days |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | Central Data Processing: Central Purchasing: Field Operation Evaluation: Field Training: Initial Store Opening: Franchisee Newsletter: Regional or National Meetings: 800 Telephone Hotline: |
| Marketing | Ad Templates Regional Advertising Social media Website development Email marketing | |
| Operations | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Hospitality | 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 |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Hospitality | |
| AFM Hospitality Corporation | |
| Franchise Fee | |
| Hospitality | |
| AFM Hospitality Corporation | |
| Royalty Fee | |
| Hospitality | $35/rm/night |
| AFM Hospitality Corporation | 3% |
| Advertising Fee | |
| Hospitality | |
| AFM Hospitality Corporation | 4% |
| Year Founded | |
| Hospitality | 1971 |
| AFM Hospitality Corporation | 1991 |
| Year Franchised | |
| Hospitality | 1982 |
| AFM Hospitality Corporation | 1992 |
| Term Of Agreement | |
| Hospitality | 5 years |
| AFM Hospitality Corporation | 5/5/5/5 Years |
| Renewal Fee | |
| Hospitality | |
| AFM Hospitality Corporation | |
Business Experience Requirements |
|
| Experience | |
| Hospitality | |
| AFM Hospitality Corporation | |
Financing Options |
|
| Franchise Fees | |
| Hospitality | No |
| AFM Hospitality Corporation | No |
| Start-up Costs | |
| Hospitality | |
| AFM Hospitality Corporation | |
| Equipment | |
| Hospitality} | |
| AFM Hospitality Corporation | |
| Inventory | |
| Hospitality | |
| AFM Hospitality Corporation | |
| Receivables | |
| Hospitality | |
| AFM Hospitality Corporation | |
| Payroll | |
| Hospitality | |
| AFM Hospitality Corporation | |
Training & Support |
|
| Training | |
| Hospitality | Classroom Training: 10.5 hours Additional Training: At regional training seminars |
| AFM Hospitality Corporation | On-Site 3-5 Days |
| Support | |
| Hospitality | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| 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 | |
| Hospitality | Ad Templates Regional Advertising Social media Website development Email marketing |
| AFM Hospitality Corporation | |
| Operations | |
| Hospitality | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
| AFM Hospitality Corporation | |
Expansion Plans |
|
| US Expansion | |
| Hospitality | 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 | |
| Hospitality | 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 | |
| Hospitality | |
| AFM Hospitality Corporation | |