Hospitality Franchise
Sunday, January 31, 2010 at 02:39AM Hotel
Southern Scottish Inns Inc. and Red Carpet Inns Int'l. Inc. founded Hospitality Int'l. Inc. in 1982.
Start-up Costs & Franchises Fees
What is the total cost to open a Hospitality Franchises?
Total Cost: Not Available
Total Franchise Fees: $2,500-$5,000 USD
Ongoing Royalty Fees: 3-4%
Ongoing Advertising Fees:
Term of Agreement: 5 years
Contact Information for Hospitality
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Hospitality International Inc. |
Toll Free: (800)892-8405 |
Historical Expansion
In what year did Hospitality begin operations? 1971
When did Hospitality begin selling franchises? 1977
Year United States Canada International Corporate 2004 251 2 1 0 2003 240 1 1 0 2002 240 1 1 0 2001 239 0 1 0 2000 223 0 3 0
Future Expansion
United States: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming,
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Internet referrals, Safety and Security procedures, Field support and site evaluation
Marketing
Ad slicks, Regional advertising support
Franchise Operation Restrictions
50% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 15
Absentee ownership of franchise is allowed. (80% of current franchise business owners are owner/operators)
Jason Rager's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must use my system to receive these benefits and so much more. Click here.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes