| ||||
Updated RecentlyTravelodge Hotels vs Oasis Senior Advisors Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Travelodge Hotels vs Oasis Senior Advisors including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $184,960 - $8,424,593 | $59,290 - $93,490 |
| Franchise Fee | $35,000 - $38,000 | $40,000 - $70,000 |
| Royalty Fee | 4.5% | 10% |
| Advertising Fee | 4% | - |
| Year Founded | 1939 | 2013 |
| Year Franchised | 1966 | 2014 |
| Term Of Agreement | 15 years | - |
| Term Of Agreement | 15 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/No | -/- |
| Start-up Costs | Yes/No | -/- |
| Equipment | No/Yes | -/- |
| Inventory | Yes/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
||
| Training | On-The-Job Training: 3-4 days Classroom Training: 4 days Additional Training: Regional workshops; customized property training | - |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | - |
| Marketing | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations |
International franchisees required to buy multiple units/master licenses; 25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is allowed. | - |
Expansion Plans |
||
| US Expansion | Yes | - |
| Canada Expansion | Yes | - |
| International Expansion | Yes | - |
Company Overviews
About Travelodge Hotels
Building temporary worker Scott King opened his first motel, King's Auto Court in 1935- - so as to welcome visitors going to San Diego's World's Fair. Throughout the following five years, he opened 24 more inns around Southern California. The first under the name Travelodge opened in 1940, and this turned into the name of Scott's organization in 1946. Today Travelodge is a piece of the Wyndham Worldwide gathering of lodging networks.
Known for offering high caliber, agreeable, yet reasonable rooms, Travelodge inns advance to many markets including families, seniors and business voyagers. With about 500 Travelodge areas all through the United States, Canada and Mexico, we keep on expanding our offerings to meet our visitors' differing needs. We offer projects and courtesies including:
* Wyndham Rewards, the world's biggest lodging rewards program*
* Best Available Rate Guarantee, guaranteeing that visitors locate our most minimal rate on the Internet
* Pet Friendly Locations
* Bear Bites complimentary breakfast which incorporates newly blended espresso, squeezed orange, arranged bagels, biscuits or baked goods
* Bear Basics in-room courtesies, our new drain and nectar scented lavatory luxuries
* Free day by day daily papers * In-room espresso
* Pools and/or meeting rooms at numerous areas
* Sleepy Bear Den rooms at numerous areas
$2,281,055. Land acquisition costs are not included in these ranges. The above amounts include a range of $43,600 to $72,925 that must be paid to the franchisor or an affiliate.
!["Top]("https://www.betheboss.ca/images/top-100-logo.final%202020.png"){kind=logo}
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
About Oasis Senior Advisors
Oasis Senior Advisors™ Helps You Find the Right Place
As the number of seniors in the country grows faster than other segments of the population, the need for compassionate, high-quality living options becomes more important than ever. Oasis Senior Advisors® offers seniors and their families a trusted and knowledgeable guide to help them navigate the choices and find the one that’s just right for their lifestyle, budget, preferences, and care needs.The estimated total initial investment necessary to begin operation of a franchised Oasis Senior Advisors® business ranges from $59,290 to $93,490. This includes approximately $50,000 to $70,000 that must be paid to the franchisor or its affiliates. The franchisor bases their Initial Franchise Fee on a rate of $0.10 for each person in your Territory, which will typically have 400,000 people.