Travelodge Hotels

Hotels
Year began: 1939    Franchising since: 1966

1 Sylvan Wy.
Parsippany, NJ 07054

Phone: (800)758-8999
Fax: (800)643-2107

Franchisor is a publicly-held company with 19 employee(s)

Franchisee Association
Travelodge/Thriftlodge Franchisee Advisory Assoc.
Contact: (973)496-8933

Franchise Growth
Year

2007
2006
2005
2004
U.S. Franchises
391
384
402
411
Canadian Franchises
104
113
119
120

Foreign Franchises
1
1
2
2
Company
Owned

0
0
0
0

Where Seeking Franchisees
Nationwide

Exclusive territories available.
Territory size: Varies

Costs & Fees
Total investment: $384.7K-5.7M
Franchise fee: Varies
Ongoing royalty fee: 4.5%
Term of agreement: 15 years, not renewable
Type of Financing Available
In-HouseThird Party
Franchise FeeNoYes
Startup CostsNoYes
EquipmentNoYes
InventoryNoYes
Accounts ReceivableNoYes
PayrollNoYes
Third-party financing source(s): leasing companies
Qualifications
Business Experience:
  • General business experience

Operations
  • 25-35% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 25
  • Absentee ownership of franchise is allowed.

Training & Support
TRAINING
  • Available at headquarters: 5 days
  • At franchisee's location: 2 days
  • Regional workshops; customized property training: 1-3 days

ONGOING SUPPORT
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Field operations/evaluations
  • Purchasing cooperatives

MARKETING SUPPORT
  • Co-op advertising
  • Ad slicks
  • National media
  • Regional advertising
  • Other marketing support: Race car sponsorship

Rankings in Entrepreneur magazine 2004-2008
Franchise 500® rank:
#210 (2008); #197 (2007); #204 (2006); #174 (2005); #122 (2004);

America's Top Global Franchises:
#170 (2006); #139 (2005); #101 (2004);

Last Updated: 8/21/2008 12:00:00 AM



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