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Below is an in-depth analysis and side-by-side comparison of Choice Hotels including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $88,050 - $13,166,100 | |
Franchise Fee | $10,000 - $60,000 | |
Royalty Fee | Varies | |
Advertising Fee | Varies | |
Year Founded | 1939 | |
Year Franchised | 1962 | |
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/Yes | |
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, Grand opening, Internet, Field operations/evaluations | |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
Operations |
Franchisees required to buy multiple units/master licenses
Absentee ownership of franchise is allowed. |
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Expansion Plans |
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US Expansion | - | |
Canada Expansion | No | |
International Expansion | Yes |