Start-Up Costs and Fees |
||
| Hospitality | Ramada Worldwide | |
| Investment | 133600 - 2602000 | 220731 - 9291313 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | $35/rm/night | 4.50% |
| Advertising Fee | 4% | |
| Year Founded | 1971 | 1954 |
| Year Franchised | 1982 | 1990 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hospitality | Ramada Worldwide | |
| Experience | ||
Financing Options |
||
| Hospitality | Ramada Worldwide | |
| Franchise Fees | No | No |
| Start-up Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Receivables | No | Yes |
| Payroll | No | Yes |
Training & Support |
||
| Hospitality | Ramada Worldwide | |
| Training | Classroom Training: 10.5 hours Additional Training: At regional training seminars | Regional workshops |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Ad Templates Regional Advertising Social media Website development Email marketing | Co-op advertising, Ad slicks, National media, Regional advertising |
| 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) | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| Hospitality | 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 | 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 | |
| Ramada Worldwide | |
| Franchise Fee | |
| Hospitality | |
| Ramada Worldwide | |
| Royalty Fee | |
| Hospitality | $35/rm/night |
| Ramada Worldwide | 4.50% |
| Advertising Fee | |
| Hospitality | |
| Ramada Worldwide | 4% |
| Year Founded | |
| Hospitality | 1971 |
| Ramada Worldwide | 1954 |
| Year Franchised | |
| Hospitality | 1982 |
| Ramada Worldwide | 1990 |
| Term Of Agreement | |
| Hospitality | 5 years |
| Ramada Worldwide | 15-20 years |
| Renewal Fee | |
| Hospitality | |
| Ramada Worldwide | |
Business Experience Requirements |
|
| Experience | |
| Hospitality | |
| Ramada Worldwide | |
Financing Options |
|
| Franchise Fees | |
| Hospitality | No |
| Ramada Worldwide | No |
| Start-up Costs | |
| Hospitality | |
| Ramada Worldwide | |
| Equipment | |
| Hospitality} | |
| Ramada Worldwide | |
| Inventory | |
| Hospitality | |
| Ramada Worldwide | |
| Receivables | |
| Hospitality | |
| Ramada Worldwide | |
| Payroll | |
| Hospitality | |
| Ramada Worldwide | |
Training & Support |
|
| Training | |
| Hospitality | Classroom Training: 10.5 hours Additional Training: At regional training seminars |
| Ramada Worldwide | Regional workshops |
| Support | |
| Hospitality | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Hospitality | Ad Templates Regional Advertising Social media Website development Email marketing |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| 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) |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
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 |
| Ramada Worldwide | |
| Canada Expansion | |
| Hospitality | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Ramada Worldwide | |
| International Expansion | |
| Hospitality | |
| Ramada Worldwide | |