Start-Up Costs and Fees |
||
| Ramada Worldwide | stayAPT Suites | |
| Investment | 220731 - 9291313 | 4148500 - 7616000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | |
| Advertising Fee | 4% | |
| Year Founded | 1954 | 2018 |
| Year Franchised | 1990 | 2018 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ramada Worldwide | stayAPT Suites | |
| Experience | ||
Financing Options |
||
| Ramada Worldwide | stayAPT Suites | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Ramada Worldwide | stayAPT 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 | stayAPT 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 | |
| stayAPT Suites | |
| Franchise Fee | |
| Ramada Worldwide | |
| stayAPT Suites | |
| Royalty Fee | |
| Ramada Worldwide | 4.50% |
| stayAPT Suites | |
| Advertising Fee | |
| Ramada Worldwide | 4% |
| stayAPT Suites | |
| Year Founded | |
| Ramada Worldwide | 1954 |
| stayAPT Suites | 2018 |
| Year Franchised | |
| Ramada Worldwide | 1990 |
| stayAPT Suites | 2018 |
| Term Of Agreement | |
| Ramada Worldwide | 15-20 years |
| stayAPT Suites | |
| Renewal Fee | |
| Ramada Worldwide | |
| stayAPT Suites | |
Business Experience Requirements |
|
| Experience | |
| Ramada Worldwide | |
| stayAPT Suites | |
Financing Options |
|
| Franchise Fees | |
| Ramada Worldwide | No |
| stayAPT Suites | No |
| Start-up Costs | |
| Ramada Worldwide | |
| stayAPT Suites | |
| Equipment | |
| Ramada Worldwide} | |
| stayAPT Suites | |
| Inventory | |
| Ramada Worldwide | |
| stayAPT Suites | |
| Receivables | |
| Ramada Worldwide | |
| stayAPT Suites | |
| Payroll | |
| Ramada Worldwide | |
| stayAPT Suites | |
Training & Support |
|
| Training | |
| Ramada Worldwide | Regional workshops |
| stayAPT Suites | |
| Support | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| stayAPT Suites | |
| Marketing | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| stayAPT Suites | |
| Operations | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
| stayAPT Suites | |
Expansion Plans |
|
| US Expansion | |
| Ramada Worldwide | |
| stayAPT 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 | |
| stayAPT Suites | |
| International Expansion | |
| Ramada Worldwide | |
| stayAPT Suites | |