Start-Up Costs and Fees |
||
| Ramada Worldwide | Red Carpet Inn | |
| Investment | 220731 - 9291313 | 133600 - 2602000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | 3% |
| Advertising Fee | 4% | 2.50% |
| Year Founded | 1954 | 1982 |
| Year Franchised | 1990 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ramada Worldwide | Red Carpet Inn | |
| Experience | ||
Financing Options |
||
| Ramada Worldwide | Red Carpet Inn | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Ramada Worldwide | Red Carpet Inn | |
| 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 | Hospitality International's Marketing Team works in concert with the Franchise Development Team for the purpose of finding new resources to attract new guests and to retain the current guest base of our franchised locations. In addition, the two teams collaborate to discover creative and cost effective ways to promote Hospitality International's five brands to encourage brand recognition and loyalty. Increasing Reservations is a key component of the Marketing Department's responsibility. Therefore, Corporate Discount Programs, Advertising and E-commerce efforts all combine to support and enhance our Reservation Services. Local Marketing efforts and Training opportunities are discussed in the Support & Benefits section of this site. Logos divider |
| Operations | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Ramada Worldwide | Red Carpet Inn | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ramada Worldwide | |
| Red Carpet Inn | |
| Franchise Fee | |
| Ramada Worldwide | |
| Red Carpet Inn | |
| Royalty Fee | |
| Ramada Worldwide | 4.50% |
| Red Carpet Inn | 3% |
| Advertising Fee | |
| Ramada Worldwide | 4% |
| Red Carpet Inn | 2.50% |
| Year Founded | |
| Ramada Worldwide | 1954 |
| Red Carpet Inn | 1982 |
| Year Franchised | |
| Ramada Worldwide | 1990 |
| Red Carpet Inn | 1982 |
| Term Of Agreement | |
| Ramada Worldwide | 15-20 years |
| Red Carpet Inn | |
| Renewal Fee | |
| Ramada Worldwide | |
| Red Carpet Inn | |
Business Experience Requirements |
|
| Experience | |
| Ramada Worldwide | |
| Red Carpet Inn | |
Financing Options |
|
| Franchise Fees | |
| Ramada Worldwide | No |
| Red Carpet Inn | No |
| Start-up Costs | |
| Ramada Worldwide | |
| Red Carpet Inn | |
| Equipment | |
| Ramada Worldwide} | |
| Red Carpet Inn | |
| Inventory | |
| Ramada Worldwide | |
| Red Carpet Inn | |
| Receivables | |
| Ramada Worldwide | |
| Red Carpet Inn | |
| Payroll | |
| Ramada Worldwide | |
| Red Carpet Inn | |
Training & Support |
|
| Training | |
| Ramada Worldwide | Regional workshops |
| Red Carpet Inn | |
| Support | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Red Carpet Inn | |
| Marketing | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Red Carpet Inn | Hospitality International's Marketing Team works in concert with the Franchise Development Team for the purpose of finding new resources to attract new guests and to retain the current guest base of our franchised locations. In addition, the two teams collaborate to discover creative and cost effective ways to promote Hospitality International's five brands to encourage brand recognition and loyalty. Increasing Reservations is a key component of the Marketing Department's responsibility. Therefore, Corporate Discount Programs, Advertising and E-commerce efforts all combine to support and enhance our Reservation Services. Local Marketing efforts and Training opportunities are discussed in the Support & Benefits section of this site. Logos divider |
| Operations | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
| Red Carpet Inn | |
Expansion Plans |
|
| US Expansion | |
| Ramada Worldwide | |
| Red Carpet Inn | |
| Canada Expansion | |
| Ramada Worldwide | |
| Red Carpet Inn | |
| International Expansion | |
| Ramada Worldwide | |
| Red Carpet Inn | |