Start-Up Costs and Fees |
||
| Microtel Inns & Suites | Vagabond Inns | |
| Investment | 5709119 - 6799356 | 2800000 - 5800000 |
| Franchise Fee | ||
| Royalty Fee | 6% | 2.50% |
| Advertising Fee | 2% | |
| Year Founded | 1987 | 1958 |
| Year Franchised | 1988 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Microtel Inns & Suites | Vagabond Inns | |
| Experience | General business experience | |
Financing Options |
||
| Microtel Inns & Suites | Vagabond Inns | |
| 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 | Vagabond Inns | |
| 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 | Vagabond Inns | |
| US Expansion | ||
| Canada Expansion | 0 | 0 |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Microtel Inns & Suites | |
| Vagabond Inns | |
| Franchise Fee | |
| Microtel Inns & Suites | |
| Vagabond Inns | |
| Royalty Fee | |
| Microtel Inns & Suites | 6% |
| Vagabond Inns | 2.50% |
| Advertising Fee | |
| Microtel Inns & Suites | 2% |
| Vagabond Inns | |
| Year Founded | |
| Microtel Inns & Suites | 1987 |
| Vagabond Inns | 1958 |
| Year Franchised | |
| Microtel Inns & Suites | 1988 |
| Vagabond Inns | 2000 |
| Term Of Agreement | |
| Microtel Inns & Suites | 20 years |
| Vagabond Inns | 20 years |
| Renewal Fee | |
| Microtel Inns & Suites | 50% of current franchise fee |
| Vagabond Inns | |
Business Experience Requirements |
|
| Experience | |
| Microtel Inns & Suites | General business experience |
| Vagabond Inns | |
Financing Options |
|
| Franchise Fees | |
| Microtel Inns & Suites | No |
| Vagabond Inns | No |
| Start-up Costs | |
| Microtel Inns & Suites | |
| Vagabond Inns | |
| Equipment | |
| Microtel Inns & Suites} | |
| Vagabond Inns | |
| Inventory | |
| Microtel Inns & Suites | |
| Vagabond Inns | |
| Receivables | |
| Microtel Inns & Suites | |
| Vagabond Inns | |
| Payroll | |
| Microtel Inns & Suites | |
| Vagabond Inns | |
Training & Support |
|
| Training | |
| Microtel Inns & Suites | |
| Vagabond Inns | |
| Support | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Vagabond Inns | |
| Marketing | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Vagabond Inns | |
| 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. |
| Vagabond Inns | |
Expansion Plans |
|
| US Expansion | |
| Microtel Inns & Suites | |
| Vagabond Inns | |
| Canada Expansion | |
| Microtel Inns & Suites | 0 |
| Vagabond Inns | 0 |
| International Expansion | |
| Microtel Inns & Suites | |
| Vagabond Inns | |