Start-Up Costs and Fees |
||
| Settle Inn | Home2 Suites | |
| Investment | 2763290 - 3687220 | 9102300 - 17456500 |
| Franchise Fee | ||
| Royalty Fee | 3%year 1, 3.5%thereafter | 5% |
| Advertising Fee | 2.25% | 3.50% |
| Year Founded | 1992 | 2008 |
| Year Franchised | 1992 | 2009 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Settle Inn | Home2 Suites | |
| Experience | ||
Financing Options |
||
| Settle Inn | Home2 Suites | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Settle Inn | Home2 Suites | |
| Training | On-The-Job Training: 1 hour Classroom Training: Varies | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | Number of Employees Required to Run: 30 | |
Expansion Plans |
||
| Settle Inn | Home2 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 | 0 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Settle Inn | |
| Home2 Suites | |
| Franchise Fee | |
| Settle Inn | |
| Home2 Suites | |
| Royalty Fee | |
| Settle Inn | 3%year 1, 3.5%thereafter |
| Home2 Suites | 5% |
| Advertising Fee | |
| Settle Inn | 2.25% |
| Home2 Suites | 3.50% |
| Year Founded | |
| Settle Inn | 1992 |
| Home2 Suites | 2008 |
| Year Franchised | |
| Settle Inn | 1992 |
| Home2 Suites | 2009 |
| Term Of Agreement | |
| Settle Inn | 10 years, 5 years thereafter |
| Home2 Suites | 22 years |
| Renewal Fee | |
| Settle Inn | |
| Home2 Suites | Same as initial fee |
Business Experience Requirements |
|
| Experience | |
| Settle Inn | |
| Home2 Suites | |
Financing Options |
|
| Franchise Fees | |
| Settle Inn | |
| Home2 Suites | |
| Start-up Costs | |
| Settle Inn | |
| Home2 Suites | |
| Equipment | |
| Settle Inn} | |
| Home2 Suites | |
| Inventory | |
| Settle Inn | |
| Home2 Suites | |
| Receivables | |
| Settle Inn | |
| Home2 Suites | |
| Payroll | |
| Settle Inn | |
| Home2 Suites | |
Training & Support |
|
| Training | |
| Settle Inn | |
| Home2 Suites | On-The-Job Training: 1 hour Classroom Training: Varies |
| Support | |
| Settle Inn | |
| Home2 Suites | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Settle Inn | |
| Home2 Suites | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Settle Inn | |
| Home2 Suites | Number of Employees Required to Run: 30 |
Expansion Plans |
|
| US Expansion | |
| Settle Inn | |
| Home2 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 | |
| Settle Inn | 0 |
| Home2 Suites | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| Settle Inn | |
| Home2 Suites | Worldwide, |