Start-Up Costs and Fees |
||
| Microtel Inns & Suites | Knights Inn | |
| Investment | 5709119 - 6799356 | 93000 - 6277500 |
| Franchise Fee | ||
| Royalty Fee | 6% | $21/rm./mo. |
| Advertising Fee | 2% | |
| Year Founded | 1987 | 1972 |
| Year Franchised | 1988 | 1991 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Microtel Inns & Suites | Knights Inn | |
| Experience | General business experience | |
Financing Options |
||
| Microtel Inns & Suites | Knights Inn | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Microtel Inns & Suites | Knights Inn | |
| 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 |
||
| Microtel Inns & Suites | Knights Inn | |
| 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 | |
| Knights Inn | |
| Franchise Fee | |
| Microtel Inns & Suites | |
| Knights Inn | |
| Royalty Fee | |
| Microtel Inns & Suites | 6% |
| Knights Inn | $21/rm./mo. |
| Advertising Fee | |
| Microtel Inns & Suites | 2% |
| Knights Inn | |
| Year Founded | |
| Microtel Inns & Suites | 1987 |
| Knights Inn | 1972 |
| Year Franchised | |
| Microtel Inns & Suites | 1988 |
| Knights Inn | 1991 |
| Term Of Agreement | |
| Microtel Inns & Suites | 20 years |
| Knights Inn | |
| Renewal Fee | |
| Microtel Inns & Suites | 50% of current franchise fee |
| Knights Inn | |
Business Experience Requirements |
|
| Experience | |
| Microtel Inns & Suites | General business experience |
| Knights Inn | |
Financing Options |
|
| Franchise Fees | |
| Microtel Inns & Suites | No |
| Knights Inn | No |
| Start-up Costs | |
| Microtel Inns & Suites | |
| Knights Inn | |
| Equipment | |
| Microtel Inns & Suites} | |
| Knights Inn | |
| Inventory | |
| Microtel Inns & Suites | |
| Knights Inn | |
| Receivables | |
| Microtel Inns & Suites | |
| Knights Inn | |
| Payroll | |
| Microtel Inns & Suites | |
| Knights Inn | |
Training & Support |
|
| Training | |
| Microtel Inns & Suites | |
| Knights Inn | |
| Support | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Knights Inn | |
| Marketing | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Knights Inn | |
| 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. |
| Knights Inn | |
Expansion Plans |
|
| US Expansion | |
| Microtel Inns & Suites | |
| 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 |
| Canada Expansion | |
| Microtel Inns & Suites | 0 |
| Knights Inn | 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 | |
| Knights Inn | |