SUPER 8 Franchise Startup Cost, Profit Margin, Revenue and Locations
Do you know how much franchising a Super 8 cost? Super 8 is a quite popular hotel chain spread across the United States of America and Canada. They have more than 2000 locations spread across these regions with the provision of extra-ordinary room service with special amenities like free internet, world-class bathrooms, satellite TV and then their top of the world services for kids; they don’t charge kids for lodging.
There service is superb and they derived their name from their special rate of $8.88 per night. Although this rate has increased over the years, Super 8 still shows so much commitment to the provision of low prices for most of their services. This is the main reason why a lot of entrepreneurs seek how much a Super 8 Franchise is?
THE SUPER 8 BUSINESS OPPORTUNITIES
Super 8 Motels offer free breakfast and coffee to their guests and as a value added service offered to their customers, every guest that purchases a “destination Super” coffee mug can bring the mug along to any Super 8 Motel, irrespective of whether they are a guest or not, to get a FREE REFILL. Guests are also given the opportunities to earn The Wyndham Reward Points on whatever amount of money they spend at Super 8 Hotels, which they can redeem at every other hotel under the Wyndham umbrella and not only at Super 8 Motel locations.
THE SUPER 8 FRANCHISE OPPRTUNITIES
In the year 1974, the first Super 8 motel opened in South Dakota. The company was founded by business partners Ron Rivett and Dennis Brown. The business concept was an instant success as the company started Franchising just 2 years after it opened its first motel. That was in the year 1976.
The parent company to Super 8 is Wyndham Worldwide, which also has other hotel chains such as Howard Hohnson, Days Inn, Ramada and Travelodge under its umbrella.
DOES SUPER 8 STILL SELL FRANCHISE
Now that you have been acquainted with the superb services rendered by Super 8 Motels, you might want to enquire as an entrepreneur if they still offer franchise opportunities. Yes, Super 8 sells Franchise and it will be a very good decision to buy into their franchise as they are one of the hotel-chains with the most location across the world.
WHAT IS THE COST OF A SUPER 8 FRANCHISE?
If you want to open a Motel franchise and will love to know the cost of a Super 8 Motel franchise, the total investments required for this is between $180,000 to $3,800,000. And you will be expected to make an Initial Franchise Fee of $25,000. This will give you access to the license to run your business with the Super 8 brand. The company also requires that you have liquid assets of about $200,000.
You are also expected to make an annual Royalty Fee of 5.5% of the total gross revenue and the term of agreement is renewable after 20 years.
HOW TO OPEN A SUPER 8 FRANCHISE
There are some steps that you will need to take to open a Super 8 Franchise. The decision you made to open a Super 8 Motel is just the beginning of the entire long process you will need to take before you can be a proud owner of a Super 8 Motel. These are the guidelines that will help you to own a Super 8 Motel Franchise.
- LOCATION: You will need to be extra cautious in choosing the best location for your Super 8 Motel. You have to watch out for competition around you, access to highways and areas that can support lodging businesses.
- VISIT THE WYNDHAM HOTEL GROUP WEBSITE: The Wyndham Hotel Group is the largest motel franchiser in the world and they are the owners of the Super 8 Motel Franchise. On their website, visit the CONTACT US section. You will be expected to fill out the questionnaire on the page and a contact from the the company will get in touch with you within 48 hours to help you with the process and procedures of becoming a Super 8 Motel Franchisee.
- LEASE AND RENTAGE; After your Super 8 Franchise application has been approved, the next step to take is to get the lease for a good location or make an outright purchase, depending on your financial capacity.
FINANCING OPTIONS FOR SUPER 8 FRANCHISEES
If you have been fully approved to operate with the Super 8 name and you will need extra financing for your project, the company offers in-house financing that covers the following: franchise fee and startup costs. Super 8 also has cordial relationships with 3rd party firms that can offer financing to cover for your financial need to startup and run your Super 8 Motel.
If you will be need financial assistance from the Company, it is well advisable to start the process early as it can sometimes take months before your request is approved. And also ensure that all your licenses and documents are duly signed by the appropriate authorities.
With the information provided in the article, we believe you are now empowered with everything you need to know about how to get a Super 8 Motel Franchise.
Is Super 8 a franchise? How much does a Super 8 franchise cost? Do you need information on Super 8 franchise cost and requirements to open one?
Super 8 Franchise is brand name of a popular motel in the States. Which derived its brand name “Super 8” from its original room charges which was then charged at the rate of $8.88 per night.
Super-8 began operation in the year 1974 in their first location in Aberdeen, South Dakota. It Corporate Address no. is 22 Sylvan Way Parsippany, NJ 07054 with Geoff Ballotti as the CEO.
It has a Parent Company known as Wyndham Hotel. The company is basically on Motel/Hotel services but incorporated an entertainment into it to make it more lively.
Ever since Super 8 began its franchising business in 1976, the motel has proved the company beyond reasonable doubt to be one of the world’s most well-known with more than 2,000 different locations throughout the United States of America and Canada.
This is such a very huge numbers more than any United State based motel or economy lodging provider. Most of these hotels offer varieties of complimentary disposition such as free continental breakfast which is a golden opportunity to earn and scoop points through the Wyndham Rewards program, a Super 8 guess loyalty program.
SUPER 8 FINANCING OPTIONS
Super 8 proffers a financing options within the ambit of the company (in-house) to ensure that they cover the franchise fee and the startup costs. Also, it has a relationship with a strong third-party which source the finance to cover the startup capital, inventory, the equipment to be used and the unit’s fee i.e. Locations.
SUPER 8 SUPPORT
Super 8 support its franchisee training on how the business is being run and how it could be conveniently managed on their official website and this training do last for 3-4 days, and also a live training at the Super 8 headquarters which usually last for 4 days.
The support rendered by super 8 is not limited to the website or the headquarters given training only but also includes additional training which can be attended at any point in time, either as a novice or as an expert in the business which they are Regional workshops; customized products or property training, among others.
How much is a Super 8 franchise?
- How much does it cost to open a Super 8?
- Is Super 8 a franchise that is expensive?
- What is the average Super 8 franchise price and fees?
HOW MUCH DO I NEED TO OPEN A SUPER 8 FRANCHISE?
The capital investment required and needed to open a Super 8 Franchise falls between the range of $176,170-$3,846,500. But before that, you are required to pay an initial franchise fee of $25,000-$25,500 which will grant you the opportunity to own a license to run your business under the Super 8 brand.
Super 8 franchise offers Royalty Fee of 5.5% with 20 years’ term of Agreement.
HOW DO I OPEN A SUPER 8 FRANCHISE?
Super 8 Motels started franchising their business in the United States of America and Canada in the year 1978 and began the opening of the franchises brand in some other countries across the Europe and Middle East recently in the year 2007.
Below are however the general principles and guideline you can follow to set up your own Super 8 Motel franchise. The decision to franchise with a Super 8 Motel is only the starting point of a tedious process before you could stand the chance to stay behind the check-in counter attending to audience at your own franchised Super 8 hotel.
Wyndham Hotel Group, the parent company of Super 8 prefer and do consider a franchisee with direct working experience with the public, most especially, in any lodging service industry than someone without any preliminary experience. To become a franchisee of Super 8 the following steps are therefore advised to be taken.
Step 1: Choose your Location
The number one thing you need to put in place before pitching with super 8 is your location. An area that is close to major highways is encouraged, and that the choosing location would be able to survive your Super 8 lodging establishment despite competition.
Step 2: Write a Comprehensive Business Plan
Write out an adequate, accurate and comprehensive business plan for the business or visit any nearby business administration office to seek for an assistance in coming up with a well detail business plan. Discuss with an expert on you capitalizing on Super 8 franchise.
Step 3: Visit Wyndham Group of Hotel Website
Wyndham is the largest lodging franchiser across the globe and he is real the owner of the Super 8 franchise. To find out more information about the dynamic organization and you will love to becoming a franchisee, please visit the Hotel Franchise Website.
Visit Wyndhamhotels.com and click on the contact form at the right side corner. Answer the questionnaire and within 28 hours a representative from the Wyndham Group of Hotels will contact you to enlighten you on what it entails and what you are required to do before becoming a Super 8 franchisee.
If you have need any clarification on an issue regarding the franchise or about the company, you are free to ask the representative that would contact you. The person work is to guide and direct you to ensure you are on the right track as such, do feel free to do so.
HOW CAN I FIND EMPLOYMENT OPPORTUNITIES WITHIN SUPER 8 FRANCHISE?
All the Super 8 hotels are independently owned, managed and operated. Do inquire about vacant positions within the individual owned hotels by contacting the management directly.
But if you will love to secure the employment opportunity at the Super 8 corporate offices, then you will have to browse around the career section of their official website for any information on that.