Start-Up Costs and Fees |
||
| Microtel Inns & Suites | Hospitality | |
| Investment | 5709119 - 6799356 | 133600 - 2602000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | $35/rm/night |
| Advertising Fee | 2% | |
| Year Founded | 1987 | 1971 |
| Year Franchised | 1988 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Microtel Inns & Suites | Hospitality | |
| Experience | General business experience | |
Financing Options |
||
| Microtel Inns & Suites | Hospitality | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Microtel Inns & Suites | Hospitality | |
| Training | Classroom Training: 10.5 hours Additional Training: At regional training seminars | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad Templates Regional Advertising Social media Website development Email marketing |
| 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. | 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 |
||
| Microtel Inns & Suites | Hospitality | |
| 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 | 0 | 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 | |
| Microtel Inns & Suites | |
| Hospitality | |
| Franchise Fee | |
| Microtel Inns & Suites | |
| Hospitality | |
| Royalty Fee | |
| Microtel Inns & Suites | 6% |
| Hospitality | $35/rm/night |
| Advertising Fee | |
| Microtel Inns & Suites | 2% |
| Hospitality | |
| Year Founded | |
| Microtel Inns & Suites | 1987 |
| Hospitality | 1971 |
| Year Franchised | |
| Microtel Inns & Suites | 1988 |
| Hospitality | 1982 |
| Term Of Agreement | |
| Microtel Inns & Suites | 20 years |
| Hospitality | 5 years |
| Renewal Fee | |
| Microtel Inns & Suites | 50% of current franchise fee |
| Hospitality | |
Business Experience Requirements |
|
| Experience | |
| Microtel Inns & Suites | General business experience |
| Hospitality | |
Financing Options |
|
| Franchise Fees | |
| Microtel Inns & Suites | No |
| Hospitality | No |
| Start-up Costs | |
| Microtel Inns & Suites | |
| Hospitality | |
| Equipment | |
| Microtel Inns & Suites} | |
| Hospitality | |
| Inventory | |
| Microtel Inns & Suites | |
| Hospitality | |
| Receivables | |
| Microtel Inns & Suites | |
| Hospitality | |
| Payroll | |
| Microtel Inns & Suites | |
| Hospitality | |
Training & Support |
|
| Training | |
| Microtel Inns & Suites | |
| Hospitality | Classroom Training: 10.5 hours Additional Training: At regional training seminars |
| Support | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Hospitality | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Hospitality | Ad Templates Regional Advertising Social media Website development Email marketing |
| Operations | |
| 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. |
| 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) |
Expansion Plans |
|
| US Expansion | |
| Microtel Inns & Suites | |
| 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 |
| Canada Expansion | |
| Microtel Inns & Suites | 0 |
| Hospitality | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| Microtel Inns & Suites | |
| Hospitality | |