Start-Up Costs and Fees |
||
| Ramada Worldwide | WoodSpring Suites | |
| Investment | 220731 - 9291313 | 5035000 - 7031000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | 5% |
| Advertising Fee | 4% | 2.50% |
| Year Founded | 1954 | 2003 |
| Year Franchised | 1990 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ramada Worldwide | WoodSpring Suites | |
| Experience | ||
Financing Options |
||
| Ramada Worldwide | WoodSpring Suites | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Ramada Worldwide | WoodSpring Suites | |
| Training | Regional workshops | On-The-Job Training: Upon request Classroom Training: Varies |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| 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 | WoodSpring Suites | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ramada Worldwide | |
| WoodSpring Suites | |
| Franchise Fee | |
| Ramada Worldwide | |
| WoodSpring Suites | |
| Royalty Fee | |
| Ramada Worldwide | 4.50% |
| WoodSpring Suites | 5% |
| Advertising Fee | |
| Ramada Worldwide | 4% |
| WoodSpring Suites | 2.50% |
| Year Founded | |
| Ramada Worldwide | 1954 |
| WoodSpring Suites | 2003 |
| Year Franchised | |
| Ramada Worldwide | 1990 |
| WoodSpring Suites | 2004 |
| Term Of Agreement | |
| Ramada Worldwide | 15-20 years |
| WoodSpring Suites | |
| Renewal Fee | |
| Ramada Worldwide | |
| WoodSpring Suites | |
Business Experience Requirements |
|
| Experience | |
| Ramada Worldwide | |
| WoodSpring Suites | |
Financing Options |
|
| Franchise Fees | |
| Ramada Worldwide | No |
| WoodSpring Suites | No |
| Start-up Costs | |
| Ramada Worldwide | |
| WoodSpring Suites | |
| Equipment | |
| Ramada Worldwide} | |
| WoodSpring Suites | |
| Inventory | |
| Ramada Worldwide | |
| WoodSpring Suites | |
| Receivables | |
| Ramada Worldwide | |
| WoodSpring Suites | |
| Payroll | |
| Ramada Worldwide | |
| WoodSpring Suites | |
Training & Support |
|
| Training | |
| Ramada Worldwide | Regional workshops |
| WoodSpring Suites | On-The-Job Training: Upon request Classroom Training: Varies |
| Support | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| WoodSpring Suites | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| WoodSpring Suites | |
| Operations | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
| WoodSpring Suites | |
Expansion Plans |
|
| US Expansion | |
| Ramada Worldwide | |
| WoodSpring Suites | |
| Canada Expansion | |
| Ramada Worldwide | |
| WoodSpring Suites | |
| International Expansion | |
| Ramada Worldwide | |
| WoodSpring Suites | |