Thursday
Apr222010
La Quinta Franchise
Thursday, April 22, 2010 at 08:59PM Limited-sevice hotels
Start-up Costs & Franchises Fees
What is the total cost to open a La Quinta Franchises?
Total Cost: $4,990,000 USD -$7,600,000 USD
Total Franchise Fees: $40,000 USD -$45,000 USD
Ongoing Royalty Fees: 4-4.5%
Ongoing Advertising Fees: Not Available
Term of Agreement: 20 years
Contact Information for La Quinta
|
La Quinta Inn/La Quinta Inn & Suites |
Toll Free: (866)832-6574 |
La Quinta In the Press
No results at this time.Historical Expansion
In what year did La Quinta begin operations? 1968
When did La Quinta begin selling franchises? 2001
Year United States Canada International Corporate 2005 125 1 0 262 2004 124 1 0 275 2003 96 0 0 276 2002 65 0 0 281 2001 11 0 0 292
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No No 3rd Party Financing Available? Financing Source(s): CIT Small Business Lending Corp., Stearus Bank
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Internet referrals, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
15% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 20 - 25
Absentee ownership of franchise is allowed. (98% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
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