Start-Up Costs and Fees |
||
| Motel 6 | WaterWalk Hotels and Apartments | |
| Investment | 206850 - 8823850 | 19960000 - 25430000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | |
| Advertising Fee | 3.50% | |
| Year Founded | 1962 | 2014 |
| Year Franchised | 1996 | 2014 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Motel 6 | WaterWalk Hotels and Apartments | |
| Experience | General business experience | |
Financing Options |
||
| Motel 6 | WaterWalk Hotels and Apartments | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Motel 6 | WaterWalk Hotels and Apartments | |
| Training | On-The-Job Training: 25-30 hours Classroom Training: 40 hours Additional Training: Annual convention | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | |
| Marketing | Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 20 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Motel 6 | WaterWalk Hotels and Apartments | |
| 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 | ||
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Motel 6 | |
| WaterWalk Hotels and Apartments | |
| Franchise Fee | |
| Motel 6 | |
| WaterWalk Hotels and Apartments | |
| Royalty Fee | |
| Motel 6 | 5% |
| WaterWalk Hotels and Apartments | |
| Advertising Fee | |
| Motel 6 | 3.50% |
| WaterWalk Hotels and Apartments | |
| Year Founded | |
| Motel 6 | 1962 |
| WaterWalk Hotels and Apartments | 2014 |
| Year Franchised | |
| Motel 6 | 1996 |
| WaterWalk Hotels and Apartments | 2014 |
| Term Of Agreement | |
| Motel 6 | 10-15 years |
| WaterWalk Hotels and Apartments | |
| Renewal Fee | |
| Motel 6 | 50% of current franchisee fee |
| WaterWalk Hotels and Apartments | |
Business Experience Requirements |
|
| Experience | |
| Motel 6 | General business experience |
| WaterWalk Hotels and Apartments | |
Financing Options |
|
| Franchise Fees | |
| Motel 6 | No |
| WaterWalk Hotels and Apartments | No |
| Start-up Costs | |
| Motel 6 | |
| WaterWalk Hotels and Apartments | |
| Equipment | |
| Motel 6} | |
| WaterWalk Hotels and Apartments | |
| Inventory | |
| Motel 6 | |
| WaterWalk Hotels and Apartments | |
| Receivables | |
| Motel 6 | |
| WaterWalk Hotels and Apartments | |
| Payroll | |
| Motel 6 | |
| WaterWalk Hotels and Apartments | |
Training & Support |
|
| Training | |
| Motel 6 | On-The-Job Training: 25-30 hours Classroom Training: 40 hours Additional Training: Annual convention |
| WaterWalk Hotels and Apartments | |
| Support | |
| Motel 6 | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| WaterWalk Hotels and Apartments | |
| Marketing | |
| Motel 6 | Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app |
| WaterWalk Hotels and Apartments | |
| Operations | |
| Motel 6 | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 20 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
| WaterWalk Hotels and Apartments | |
Expansion Plans |
|
| US Expansion | |
| Motel 6 | |
| WaterWalk Hotels and Apartments | 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 | |
| Motel 6 | |
| WaterWalk Hotels and Apartments | |
| International Expansion | |
| Motel 6 | Canada, |
| WaterWalk Hotels and Apartments | |