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Updated RecentlystayAPT Suites Franchise
Extended stay hotel suites
housing on a weekly or monthly rental basis. stayAPT offers franchisees
both the right to develop multiple Hotels under an Area Development
Agreement (each Hotel requiring a separate Franchise Agreement) and
individual Hotels under a Franchise Agreement.
Hotel with 59 units is from $4,148,500 to $5,378,500 and for 87 units is
$6,052,500 to $7,616,000, excluding real estate costs. This includes
$51,000 that must be paid to the franchisor or an affiliate. If you sign
an Area Development Agreement, you must pay $30,000 for each Hotel you
plan to develop, all of which is due at signing. The initial fee paid
under the Area Development Agreement is in lieu of the initial franchise
fee normally due for a Hotel when the Franchise Agreement for that
Hotel is executed.
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How much does it cost to open a stayAPT Suites Franchise?
The investment required to open a stayAPT Suites Franchise is between $4,148,500-$7,616,000.
Individual Unit Costs
- Initial Investment:
$4,148,500-$7,616,000 - Initial Franchise Fee:
N/A - Royalty Fee:
N/A - Advertising Fee:
N/A
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When did stayAPT Suites start Franchising? 2018
United States: Nationwide
To calculate how much income a franchise owner can do at stayAPT Suites Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
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Legal Disclaimer: This information is not a franchise offering for stayAPT Suites and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a stayAPT Suites franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
stayAPT Suites
10801 Monroe Road
Matthews,
NC
28105