Start-Up Costs and Fees |
||
| Ramada Worldwide | WaterWalk Hotels and Apartments | |
| Investment | 220731 - 9291313 | 19960000 - 25430000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | |
| Advertising Fee | 4% | |
| Year Founded | 1954 | 2014 |
| Year Franchised | 1990 | 2014 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ramada Worldwide | WaterWalk Hotels and Apartments | |
| Experience | ||
Financing Options |
||
| Ramada Worldwide | WaterWalk Hotels and Apartments | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Ramada Worldwide | WaterWalk Hotels and Apartments | |
| 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 | WaterWalk Hotels and Apartments | |
| 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 | |
| WaterWalk Hotels and Apartments | |
| Franchise Fee | |
| Ramada Worldwide | |
| WaterWalk Hotels and Apartments | |
| Royalty Fee | |
| Ramada Worldwide | 4.50% |
| WaterWalk Hotels and Apartments | |
| Advertising Fee | |
| Ramada Worldwide | 4% |
| WaterWalk Hotels and Apartments | |
| Year Founded | |
| Ramada Worldwide | 1954 |
| WaterWalk Hotels and Apartments | 2014 |
| Year Franchised | |
| Ramada Worldwide | 1990 |
| WaterWalk Hotels and Apartments | 2014 |
| Term Of Agreement | |
| Ramada Worldwide | 15-20 years |
| WaterWalk Hotels and Apartments | |
| Renewal Fee | |
| Ramada Worldwide | |
| WaterWalk Hotels and Apartments | |
Business Experience Requirements |
|
| Experience | |
| Ramada Worldwide | |
| WaterWalk Hotels and Apartments | |
Financing Options |
|
| Franchise Fees | |
| Ramada Worldwide | No |
| WaterWalk Hotels and Apartments | No |
| Start-up Costs | |
| Ramada Worldwide | |
| WaterWalk Hotels and Apartments | |
| Equipment | |
| Ramada Worldwide} | |
| WaterWalk Hotels and Apartments | |
| Inventory | |
| Ramada Worldwide | |
| WaterWalk Hotels and Apartments | |
| Receivables | |
| Ramada Worldwide | |
| WaterWalk Hotels and Apartments | |
| Payroll | |
| Ramada Worldwide | |
| WaterWalk Hotels and Apartments | |
Training & Support |
|
| Training | |
| Ramada Worldwide | Regional workshops |
| WaterWalk Hotels and Apartments | |
| Support | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| WaterWalk Hotels and Apartments | |
| Marketing | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| WaterWalk Hotels and Apartments | |
| Operations | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
| WaterWalk Hotels and Apartments | |
Expansion Plans |
|
| US Expansion | |
| Ramada Worldwide | |
| WaterWalk Hotels and Apartments | 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 | |
| WaterWalk Hotels and Apartments | |
| International Expansion | |
| Ramada Worldwide | |
| WaterWalk Hotels and Apartments | |