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
U.S. Franchises391
384
402
411
Canadian Franchises104
113
119
120
Foreign Franchises1
1
2
2
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-House | Third Party |
| Franchise Fee | No | Yes |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Accounts Receivable | No | Yes |
| Payroll | No | Yes |
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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