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Below is an in-depth analysis and side-by-side comparison of La Quinta 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 | |
Franchise Fee | $55,000 | |
Royalty Fee | 4-4.5% | |
Advertising Fee | 4.5% | |
Year Founded | 1968 | |
Year Franchised | 2001 | |
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 | ||
Franchise Fees | No/No | |
Start-up Costs | No/Yes | |
Equipment | No/Yes | |
Inventory | No/Yes | |
Receivables | No/No | |
Payroll | No/No | |
Training & Support |
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Training | - | |
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) |
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Expansion Plans |
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US Expansion | - | |
Canada Expansion | No | |
International Expansion | Yes |