Start-Up Costs and Fees |
||
| Ramada Worldwide | Tru by Hilton | |
| Investment | 220731 - 9291313 | 8332795 - 13542175 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | 5% |
| Advertising Fee | 4% | 4% |
| Year Founded | 1954 | 0 |
| Year Franchised | 1990 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ramada Worldwide | Tru by Hilton | |
| Experience | ||
Financing Options |
||
| Ramada Worldwide | Tru by Hilton | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Ramada Worldwide | Tru by Hilton | |
| 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 | Tru by Hilton | |
| 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 | |
| Tru by Hilton | |
| Franchise Fee | |
| Ramada Worldwide | |
| Tru by Hilton | |
| Royalty Fee | |
| Ramada Worldwide | 4.50% |
| Tru by Hilton | 5% |
| Advertising Fee | |
| Ramada Worldwide | 4% |
| Tru by Hilton | 4% |
| Year Founded | |
| Ramada Worldwide | 1954 |
| Tru by Hilton | 0 |
| Year Franchised | |
| Ramada Worldwide | 1990 |
| Tru by Hilton | 0 |
| Term Of Agreement | |
| Ramada Worldwide | 15-20 years |
| Tru by Hilton | |
| Renewal Fee | |
| Ramada Worldwide | |
| Tru by Hilton | |
Business Experience Requirements |
|
| Experience | |
| Ramada Worldwide | |
| Tru by Hilton | |
Financing Options |
|
| Franchise Fees | |
| Ramada Worldwide | No |
| Tru by Hilton | No |
| Start-up Costs | |
| Ramada Worldwide | |
| Tru by Hilton | |
| Equipment | |
| Ramada Worldwide} | |
| Tru by Hilton | |
| Inventory | |
| Ramada Worldwide | |
| Tru by Hilton | |
| Receivables | |
| Ramada Worldwide | |
| Tru by Hilton | |
| Payroll | |
| Ramada Worldwide | |
| Tru by Hilton | |
Training & Support |
|
| Training | |
| Ramada Worldwide | Regional workshops |
| Tru by Hilton | |
| Support | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Tru by Hilton | |
| Marketing | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Tru by Hilton | |
| Operations | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
| Tru by Hilton | |
Expansion Plans |
|
| US Expansion | |
| Ramada Worldwide | |
| Tru by Hilton | 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 | |
| Tru by Hilton | |
| International Expansion | |
| Ramada Worldwide | |
| Tru by Hilton | |