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Below is an in-depth analysis and side-by-side comparison of Candlewood Suites vs Clarion including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $7,807,040 - $10,716,900 | $519,750 - $2,771,599 |
Franchise Fee | $50,000 | $40,000 |
Royalty Fee | 5% | 4.25% |
Advertising Fee | - | 3.25% |
Year Founded | 1995 | 1963 |
Year Franchised | 1996 | 1987 |
Term Of Agreement | - | 20 years |
Term Of Agreement | - | 20 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/Yes | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/Yes | -/- |
Payroll | -/Yes | -/- |
Training & Support |
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Training | On-The-Job Training: Varies Classroom Training: Varies | - |
Support | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Ad Templates National Media SEO Loyalty program/app | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |