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Updated RecentlyLa Quinta vs The Dry Boys Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of La Quinta vs The Dry Boys including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $3,822,657 - $12,901,630 | $74,000 - $116,000 |
| Franchise Fee | $55,000 | $30,000 |
| Royalty Fee | 4-4.5% | 7% |
| Advertising Fee | 4.5% | 2% |
| Year Founded | 1968 | - |
| Year Franchised | 2001 | - |
| Term Of Agreement | 20 years | 10 Years |
| Term Of Agreement | 20 years | 10 Years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Business Experience: NO experience necessary. You will be trained to be a water restoration professional. All you need to be, is a person with manners and willing to work! | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | Yes/- |
| Inventory | No/Yes | Yes/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | raining Business development program Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives Marketing Co-op advertising, Ad slicks, National media, Regional advertising |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
| Operations |
15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 25
Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About La Quinta
La Quinta is one of the fastest growing mid-scale hotels with properties across the US, Canada and Mexico. Our purpose is to provide a refreshing and engaging environment that builds long-lasting, valuable relationships with employees, guests, owners and partners.
La Quinta is a proud participant in VetFran, and is honored to offer veterans of our armed forces great incentives and enhanced resources for becoming a part of the La Quinta family.
Veteran Incentives: 50% off application/franchise fees; development incentive of up to $4,000/room
The total investment necessary to begin operation of a La Quinta Inn
& Suites franchise for a 109-room new construction facility ranges
from $10,348,042 to $12,901,630, including $71,050 to $91,500 that must
be paid to the franchisor or an affiliate.
The total investment necessary to begin operation of a La Quinta Inn & Suites franchise
for a 100-room conversion facility ranges from $3,822,657 to $6,101,522
including $66,100 to $86,550 that must be paid to the franchisor or an
affiliate. Land acquisition and site preparation costs are not included
in these ranges.
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#193 in Franchise 500 for 2020.
#217 in Franchise 500 for 2021.
About The Dry Boys
Mention
the words "Water damage” to any home owner across the USA, and watch
their reaction, there are no two words in the English dictionary that
gets a home owner’s attention more than these two words. When water
penetrates your home, minutes seem like hours and one immediate action
is critical as the damages can be quite destructive within
seconds.
Nothing in the world spreads as rapidly and forcefully as water damage, and the destruction of water floods can instantly bring mayhem to your property, penetrating to areas you didn’t even notice at first glance. If water damage is not treated in a timely fashion, your walls will absorb moisture, mildew, mold, rust, odor and create havoc to your walls, floors, furniture in your home.
Picking the right Water Restoration professional can be the difference between a clean and safe house.
Nothing in the world spreads as rapidly and forcefully as water damage, and the destruction of water floods can instantly bring mayhem to your property, penetrating to areas you didn’t even notice at first glance. If water damage is not treated in a timely fashion, your walls will absorb moisture, mildew, mold, rust, odor and create havoc to your walls, floors, furniture in your home.
Picking the right Water Restoration professional can be the difference between a clean and safe house.
The Dry Boys professionals have decades of experience, advanced
equipment, and the necessary measures to restore your house to a clean
and healthy home.