Travelodge Franchise Opportunities
Hundreds of hotels across the United States, 65% of which are located near a National Park make Travelodge franchise quite popular on the market. The brand offers for sale quality services and a fine night’s sleep. Travelodge hotel franchise provides fine opportunities for the entrepreneurs who would like to build their own or convert their operating hotel into a recognized profitable business. Owning a Travelodge by Wyndham franchise means to have the support of the franchisor in arranging and optimizing hotel management. How to buy the Travelodge franchise? Contact us and we will tell you about all the requirements for buying the franchise: investment information, fees, cost and profit details.
How to open a Travelodge franchise?
- Ensure you have adequate capitalization.
In order to open the Travelodge hotel franchise, you must have minimal liquid capital of $178,683.
- Appreciate the investment required for a restaurant franchise.
You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
- Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Travelodge franchise owner.
- Assess market availability.
You will want to look at the market availability for Travelodge franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
- Submit your application.
Your application will be reviewed by the Travelodge franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
- Receive approval & opening your Travelodge franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
How much does Travelodge franchise cost?
Travelodge has a franchise fee of up to $35,000, with a total initial investment range of $178,081 to $8,077,783.
Initial Investment: $178,081 - $8,077,783
Initial Franchise Fee: $35,000
Ongoing Royalty Fee: 4,5%
On-The-Job Training: 3-4 days
Classroom Training: 4 days
Additional Training: Regional workshops; customized property training
Number of Employees Required to Run: 25
Travelodge Franchise Info: https://development.wyndhamhotels.com/brand/travelodge-by-wyndham/
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