Start-Up Costs and Fees |
||
| Knights Inn | Microtel Inns & Suites | |
| Investment | 93000 - 6277500 | 5709119 - 6799356 |
| Franchise Fee | ||
| Royalty Fee | $21/rm./mo. | 6% |
| Advertising Fee | 2% | |
| Year Founded | 1972 | 1987 |
| Year Franchised | 1991 | 1988 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Knights Inn | Microtel Inns & Suites | |
| Experience | General business experience | |
Financing Options |
||
| Knights Inn | Microtel Inns & Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Knights Inn | Microtel Inns & Suites | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Knights Inn | Microtel Inns & Suites | |
| 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 |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Knights Inn | |
| Microtel Inns & Suites | |
| Franchise Fee | |
| Knights Inn | |
| Microtel Inns & Suites | |
| Royalty Fee | |
| Knights Inn | $21/rm./mo. |
| Microtel Inns & Suites | 6% |
| Advertising Fee | |
| Knights Inn | |
| Microtel Inns & Suites | 2% |
| Year Founded | |
| Knights Inn | 1972 |
| Microtel Inns & Suites | 1987 |
| Year Franchised | |
| Knights Inn | 1991 |
| Microtel Inns & Suites | 1988 |
| Term Of Agreement | |
| Knights Inn | |
| Microtel Inns & Suites | 20 years |
| Renewal Fee | |
| Knights Inn | |
| Microtel Inns & Suites | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| Knights Inn | |
| Microtel Inns & Suites | General business experience |
Financing Options |
|
| Franchise Fees | |
| Knights Inn | |
| Microtel Inns & Suites | |
| Start-up Costs | |
| Knights Inn | |
| Microtel Inns & Suites | |
| Equipment | |
| Knights Inn} | |
| Microtel Inns & Suites | |
| Inventory | |
| Knights Inn | |
| Microtel Inns & Suites | |
| Receivables | |
| Knights Inn | |
| Microtel Inns & Suites | |
| Payroll | |
| Knights Inn | |
| Microtel Inns & Suites | |
Training & Support |
|
| Training | |
| Knights Inn | |
| Microtel Inns & Suites | |
| Support | |
| Knights Inn | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Knights Inn | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Knights Inn | |
| Microtel Inns & Suites | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| Knights Inn | 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 |
| Microtel Inns & Suites | |
| Canada Expansion | |
| Knights Inn | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Microtel Inns & Suites | 0 |
| International Expansion | |
| Knights Inn | |
| Microtel Inns & Suites | |