Start-Up Costs and Fees |
||
| Hospitality | Candlewood Suites | |
| Investment | 133600 - 2602000 | 7807040 - 10716900 |
| Franchise Fee | 0 | |
| Royalty Fee | $35/rm/night | 5% |
| Advertising Fee | ||
| Year Founded | 1971 | 1995 |
| Year Franchised | 1982 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hospitality | Candlewood Suites | |
| Experience | ||
Financing Options |
||
| Hospitality | Candlewood Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Hospitality | Candlewood Suites | |
| Training | Classroom Training: 10.5 hours Additional Training: At regional training seminars | On-The-Job Training: Varies Classroom Training: Varies |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Ad Templates Regional Advertising Social media Website development Email marketing | Ad Templates National Media SEO Loyalty program/app |
| Operations | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Hospitality | Candlewood Suites | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Hospitality | |
| Candlewood Suites | |
| Franchise Fee | |
| Hospitality | |
| Candlewood Suites | |
| Royalty Fee | |
| Hospitality | $35/rm/night |
| Candlewood Suites | 5% |
| Advertising Fee | |
| Hospitality | |
| Candlewood Suites | |
| Year Founded | |
| Hospitality | 1971 |
| Candlewood Suites | 1995 |
| Year Franchised | |
| Hospitality | 1982 |
| Candlewood Suites | 1996 |
| Term Of Agreement | |
| Hospitality | 5 years |
| Candlewood Suites | |
| Renewal Fee | |
| Hospitality | |
| Candlewood Suites | |
Business Experience Requirements |
|
| Experience | |
| Hospitality | |
| Candlewood Suites | |
Financing Options |
|
| Franchise Fees | |
| Hospitality | No |
| Candlewood Suites | No |
| Start-up Costs | |
| Hospitality | |
| Candlewood Suites | |
| Equipment | |
| Hospitality} | |
| Candlewood Suites | |
| Inventory | |
| Hospitality | |
| Candlewood Suites | |
| Receivables | |
| Hospitality | |
| Candlewood Suites | |
| Payroll | |
| Hospitality | |
| Candlewood Suites | |
Training & Support |
|
| Training | |
| Hospitality | Classroom Training: 10.5 hours Additional Training: At regional training seminars |
| Candlewood Suites | On-The-Job Training: Varies Classroom Training: Varies |
| Support | |
| Hospitality | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Candlewood Suites | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Hospitality | Ad Templates Regional Advertising Social media Website development Email marketing |
| Candlewood Suites | Ad Templates National Media SEO Loyalty program/app |
| Operations | |
| Hospitality | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
| Candlewood Suites | |
Expansion Plans |
|
| US Expansion | |
| Hospitality | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Candlewood Suites | |
| Canada Expansion | |
| Hospitality | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Candlewood Suites | |
| International Expansion | |
| Hospitality | |
| Candlewood Suites | |