Start-Up Costs and Fees |
||
| Ramada Worldwide | HomeTowne Studios | |
| Investment | 220731 - 9291313 | 345500 - 1238500 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | 3% |
| Advertising Fee | 4% | |
| Year Founded | 1954 | 2017 |
| Year Franchised | 1990 | 2017 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ramada Worldwide | HomeTowne Studios | |
| Experience | ||
Financing Options |
||
| Ramada Worldwide | HomeTowne Studios | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Ramada Worldwide | HomeTowne Studios | |
| 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 | HomeTowne Studios | |
| 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 | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ramada Worldwide | |
| HomeTowne Studios | |
| Franchise Fee | |
| Ramada Worldwide | |
| HomeTowne Studios | |
| Royalty Fee | |
| Ramada Worldwide | 4.50% |
| HomeTowne Studios | 3% |
| Advertising Fee | |
| Ramada Worldwide | 4% |
| HomeTowne Studios | |
| Year Founded | |
| Ramada Worldwide | 1954 |
| HomeTowne Studios | 2017 |
| Year Franchised | |
| Ramada Worldwide | 1990 |
| HomeTowne Studios | 2017 |
| Term Of Agreement | |
| Ramada Worldwide | 15-20 years |
| HomeTowne Studios | |
| Renewal Fee | |
| Ramada Worldwide | |
| HomeTowne Studios | |
Business Experience Requirements |
|
| Experience | |
| Ramada Worldwide | |
| HomeTowne Studios | |
Financing Options |
|
| Franchise Fees | |
| Ramada Worldwide | No |
| HomeTowne Studios | No |
| Start-up Costs | |
| Ramada Worldwide | |
| HomeTowne Studios | |
| Equipment | |
| Ramada Worldwide} | |
| HomeTowne Studios | |
| Inventory | |
| Ramada Worldwide | |
| HomeTowne Studios | |
| Receivables | |
| Ramada Worldwide | |
| HomeTowne Studios | |
| Payroll | |
| Ramada Worldwide | |
| HomeTowne Studios | |
Training & Support |
|
| Training | |
| Ramada Worldwide | Regional workshops |
| HomeTowne Studios | |
| Support | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| HomeTowne Studios | |
| Marketing | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| HomeTowne Studios | |
| Operations | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
| HomeTowne Studios | |
Expansion Plans |
|
| US Expansion | |
| Ramada Worldwide | |
| HomeTowne Studios | 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 | |
| HomeTowne Studios | |
| International Expansion | |
| Ramada Worldwide | |
| HomeTowne Studios | Worldwide, |