Affordable Suites of America

Extended-stay hotels
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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$2.9M - $3.5M
Units as of 2018
20 Increase 25.0% over 3 years

Company Overview

About Affordable Suites of America

Industry Lodging
Related Categories Hotels & Motels
Founded 1998
Leadership Tom Goodwin, CEO
Corporate Address P.O. Box 50550
Myrtle Beach, SC 29579
Social Facebook, Twitter

Business Overview

Franchising Since 1998 (26 years)
# of employees at HQ 4
Where seeking

This company is offering new franchises in the following US states:

# of Units 20 (as of 2018)

Information for Franchisees

Here's what you need to know if you're interested in opening a Affordable Suites of America franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$30,000
Initial Investment Information Circle
$2,872,000 - $3,545,000
Net Worth Requirement Information Circle
$5,000,000
Cash Requirement Information Circle
$1,000,000
Royalty Fee Information Circle
5%
Term of Agreement Information Circle
20 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Affordable Suites of America has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 40 hours
Ongoing Support
Newsletter
Meetings & Conventions
Grand Opening
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Marketing Support
Ad Templates
Website Development

Operations

Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 3
Are exclusive territories available? Information Circle
Yes
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022