Start-Up Costs and Fees |
||
| Ramada Worldwide | Home2 Suites | |
| Investment | 220731 - 9291313 | 9102300 - 17456500 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | 5% |
| Advertising Fee | 4% | 3.50% |
| Year Founded | 1954 | 2008 |
| Year Franchised | 1990 | 2009 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ramada Worldwide | Home2 Suites | |
| Experience | ||
Financing Options |
||
| Ramada Worldwide | Home2 Suites | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Ramada Worldwide | Home2 Suites | |
| Training | Regional workshops | On-The-Job Training: 1 hour Classroom Training: Varies |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | 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 slicks, National media, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. | Number of Employees Required to Run: 30 |
Expansion Plans |
||
| Ramada Worldwide | Home2 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ramada Worldwide | |
| Home2 Suites | |
| Franchise Fee | |
| Ramada Worldwide | |
| Home2 Suites | |
| Royalty Fee | |
| Ramada Worldwide | 4.50% |
| Home2 Suites | 5% |
| Advertising Fee | |
| Ramada Worldwide | 4% |
| Home2 Suites | 3.50% |
| Year Founded | |
| Ramada Worldwide | 1954 |
| Home2 Suites | 2008 |
| Year Franchised | |
| Ramada Worldwide | 1990 |
| Home2 Suites | 2009 |
| Term Of Agreement | |
| Ramada Worldwide | 15-20 years |
| Home2 Suites | 22 years |
| Renewal Fee | |
| Ramada Worldwide | |
| Home2 Suites | Same as initial fee |
Business Experience Requirements |
|
| Experience | |
| Ramada Worldwide | |
| Home2 Suites | |
Financing Options |
|
| Franchise Fees | |
| Ramada Worldwide | No |
| Home2 Suites | No |
| Start-up Costs | |
| Ramada Worldwide | |
| Home2 Suites | |
| Equipment | |
| Ramada Worldwide} | |
| Home2 Suites | |
| Inventory | |
| Ramada Worldwide | |
| Home2 Suites | |
| Receivables | |
| Ramada Worldwide | |
| Home2 Suites | |
| Payroll | |
| Ramada Worldwide | |
| Home2 Suites | |
Training & Support |
|
| Training | |
| Ramada Worldwide | Regional workshops |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| Support | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Home2 Suites | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
| Home2 Suites | Number of Employees Required to Run: 30 |
Expansion Plans |
|
| US Expansion | |
| Ramada Worldwide | |
| Home2 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 | |
| Home2 Suites | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| Ramada Worldwide | |
| Home2 Suites | Worldwide, |