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Knights Inn

Hotels

Background

Founded: 1972 Franchising since: 1991
Knights Inn, a hotel chain with more than 230 locations in North America, was founded in 1972. The franchise, which is operated by Cendant Corp., provides limited-service, budget lodging to families, senior citizens, business travelers, truckers and other value-conscious travelers.

Knights Inn looks for franchisees with hotel management or operation experience.

22 Sylvan Wy.
Parsippany, New jersey 07054
Phone:
(800)758-8999


Franchisor has 5 employee(s)

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 299 18 0 0
2008 278 12 0 0
2007 241 11 0 0
2006 211 10 0 0
2005 203 10 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada

Exclusive territories available.
Territory size: Varies

Costs and Fees

Total investment: $167.1K-4.9M
Franchise fee: $5K
Ongoing royalty fee: 5%
Term of agreement: 3 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No Yes
Payroll No Yes

Qualifications
Business Experience:
  • General business experience

Operations
  • 5% of all franchisees own more than one unit
  • Absentee ownership of franchise is allowed.

Training and Support

Training
  • Available at headquarters: 5 days
  • At franchisee's location: 2 days
  • Regional workshops; property training

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Internet
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • National media

Rankings

Franchise 500® rank:
#129 (2009); #168 (2008); #193 (2007); #235 (2006); #386 (2005);

Fastest-Growing Franchises:
#82 (2009);

America's Top Global Franchises:
#101 (2009); #177 (2006);


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