Homewood Suites by Hilton vs The Dry Boys Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Homewood Suites by Hilton vs The Dry Boys including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Homewood Suites by Hilton Franchise
The Dry Boys Franchise
Investment $12,337,700 - $25,972,000$74,000 - $116,000
Franchise Fee $75,000$30,000
Royalty Fee 3.5% - 5.5%7%
Advertising Fee 3.5%2%
Year Founded 1988-
Year Franchised 1988-
Term Of Agreement 20 years10 Years
Term Of Agreement 20 years10 Years
Renewal Fee Same as initial fee-


Business Experience Requirements

 
Homewood Suites by Hilton Franchise
The Dry Boys Franchise
Experience
  • Industry experience
  • General business 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

     
    Homewood Suites by Hilton Franchise
    The Dry Boys Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/YesYes/-
    Inventory No/YesYes/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support

     
    Homewood Suites by Hilton Franchise
    The Dry Boys Franchise
    Training Classroom Training: 141-148 hours Additional Training: At Memphis, TN, corporate officeraining 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/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform-
    Marketing Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app-
    Operations

    Number of employees needed to run franchised unit: 25

    Absentee ownership of franchise is allowed.

    -

    Expansion Plans

     
    Homewood Suites by Hilton Franchise
    The Dry Boys Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Homewood Suites by Hilton

    Make Yourself At Home. Investing in Homewood Suites by Hilton gives you the opportunity to capture your own piece of one of the fastest-growing segments in the hotel industry. When you develop with us, you get the upscale position in the extended-stay market backed by the power of the Hilton name.
    When you develop a Homewood, you're not just developing a hotel, but a relationship with the entire Hilton Family of Hotels. Advantages like our friendly corporate staff, central reservations system and award-winning Hilton HHonors guest reward program make this a brand you'll want to stay with for a long time.

    Franchisor is seeking new franchise units throughout the U.S. , Canada and Mexico    

    Veteran Incentives  Varies
    "Entrepreneur
    #133 in Franchise 500 for 2020.
    #122 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.
    The Dry Boys professionals have decades of experience, advanced equipment, and the necessary measures to restore your house to a clean and healthy home.