Start-Up Costs and Fees |
||
| WoodSpring Suites | HomeTowne Studios | |
| Investment | 5035000 - 7031000 | 345500 - 1238500 |
| Franchise Fee | ||
| Royalty Fee | 5% | 3% |
| Advertising Fee | 2.50% | |
| Year Founded | 2003 | 2017 |
| Year Franchised | 2004 | 2017 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| WoodSpring Suites | HomeTowne Studios | |
| Experience | ||
Financing Options |
||
| WoodSpring Suites | HomeTowne Studios | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| WoodSpring Suites | HomeTowne Studios | |
| Training | On-The-Job Training: Upon request Classroom Training: Varies | |
| Support | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | |
| Marketing | ||
| Operations | ||
Expansion Plans |
||
| WoodSpring Suites | HomeTowne Studios | |
| 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 | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| WoodSpring Suites | |
| HomeTowne Studios | |
| Franchise Fee | |
| WoodSpring Suites | |
| HomeTowne Studios | |
| Royalty Fee | |
| WoodSpring Suites | 5% |
| HomeTowne Studios | 3% |
| Advertising Fee | |
| WoodSpring Suites | 2.50% |
| HomeTowne Studios | |
| Year Founded | |
| WoodSpring Suites | 2003 |
| HomeTowne Studios | 2017 |
| Year Franchised | |
| WoodSpring Suites | 2004 |
| HomeTowne Studios | 2017 |
| Term Of Agreement | |
| WoodSpring Suites | |
| HomeTowne Studios | |
| Renewal Fee | |
| WoodSpring Suites | |
| HomeTowne Studios | |
Business Experience Requirements |
|
| Experience | |
| WoodSpring Suites | |
| HomeTowne Studios | |
Financing Options |
|
| Franchise Fees | |
| WoodSpring Suites | |
| HomeTowne Studios | |
| Start-up Costs | |
| WoodSpring Suites | |
| HomeTowne Studios | |
| Equipment | |
| WoodSpring Suites} | |
| HomeTowne Studios | |
| Inventory | |
| WoodSpring Suites | |
| HomeTowne Studios | |
| Receivables | |
| WoodSpring Suites | |
| HomeTowne Studios | |
| Payroll | |
| WoodSpring Suites | |
| HomeTowne Studios | |
Training & Support |
|
| Training | |
| WoodSpring Suites | On-The-Job Training: Upon request Classroom Training: Varies |
| HomeTowne Studios | |
| Support | |
| WoodSpring Suites | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| HomeTowne Studios | |
| Marketing | |
| WoodSpring Suites | |
| HomeTowne Studios | |
| Operations | |
| WoodSpring Suites | |
| HomeTowne Studios | |
Expansion Plans |
|
| US Expansion | |
| WoodSpring Suites | |
| HomeTowne Studios | 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 | |
| WoodSpring Suites | |
| HomeTowne Studios | |
| International Expansion | |
| WoodSpring Suites | |
| HomeTowne Studios | Worldwide, |