Start-Up Costs and Fees |
||
| Ramada Worldwide | GrandStay Residential Suites | |
| Investment | 220731 - 9291313 | 117900 - 10090200 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | 5% |
| Advertising Fee | 4% | 2% |
| Year Founded | 1954 | 2000 |
| Year Franchised | 1990 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ramada Worldwide | GrandStay Residential Suites | |
| Experience | ||
Financing Options |
||
| Ramada Worldwide | GrandStay Residential Suites | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Ramada Worldwide | GrandStay Residential Suites | |
| Training | Regional workshops | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Ramada Worldwide | GrandStay Residential 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ramada Worldwide | |
| GrandStay Residential Suites | |
| Franchise Fee | |
| Ramada Worldwide | |
| GrandStay Residential Suites | |
| Royalty Fee | |
| Ramada Worldwide | 4.50% |
| GrandStay Residential Suites | 5% |
| Advertising Fee | |
| Ramada Worldwide | 4% |
| GrandStay Residential Suites | 2% |
| Year Founded | |
| Ramada Worldwide | 1954 |
| GrandStay Residential Suites | 2000 |
| Year Franchised | |
| Ramada Worldwide | 1990 |
| GrandStay Residential Suites | 2000 |
| Term Of Agreement | |
| Ramada Worldwide | 15-20 years |
| GrandStay Residential Suites | |
| Renewal Fee | |
| Ramada Worldwide | |
| GrandStay Residential Suites | |
Business Experience Requirements |
|
| Experience | |
| Ramada Worldwide | |
| GrandStay Residential Suites | |
Financing Options |
|
| Franchise Fees | |
| Ramada Worldwide | No |
| GrandStay Residential Suites | No |
| Start-up Costs | |
| Ramada Worldwide | |
| GrandStay Residential Suites | |
| Equipment | |
| Ramada Worldwide} | |
| GrandStay Residential Suites | |
| Inventory | |
| Ramada Worldwide | |
| GrandStay Residential Suites | |
| Receivables | |
| Ramada Worldwide | |
| GrandStay Residential Suites | |
| Payroll | |
| Ramada Worldwide | |
| GrandStay Residential Suites | |
Training & Support |
|
| Training | |
| Ramada Worldwide | Regional workshops |
| GrandStay Residential Suites | |
| Support | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| GrandStay Residential Suites | |
| Marketing | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| GrandStay Residential Suites | |
| Operations | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
| GrandStay Residential Suites | |
Expansion Plans |
|
| US Expansion | |
| Ramada Worldwide | |
| GrandStay Residential Suites | 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 | |
| Ramada Worldwide | |
| GrandStay Residential Suites | |
| International Expansion | |
| Ramada Worldwide | |
| GrandStay Residential Suites | |