La Quinta Franchising LLC
HotelsBackground
Founded: 1968 Franchising since: 2000
Franchisor is a publicly-held company with 351 employee(s); 35 employee(s) in franchise department.
Franchise Growth
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, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada, Mexico
Exclusive territories available.
Territory size: Determined on case by case basis
|
909 Hidden Ridge, #600 Irving, Texas 75038 |
Phone: (214)492-6600 |
Franchisor is a publicly-held company with 351 employee(s); 35 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2008 | 292 | 1 | 1 | 370 |
| 2007 | 229 | 1 | 0 | 369 |
| 2006 | 169 | 1 | 0 | 371 |
| 2005 | 125 | 1 | 0 | 262 |
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, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada, Mexico
Exclusive territories available.
Territory size: Determined on case by case basis
Costs and Fees
|
Total investment: $4.99M-7.6M Franchise fee: $45K |
Ongoing royalty fee: 4% Term of agreement: 20 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | No | No |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Accounts Receivable | No | No |
| Payroll | No | No |
Third-party financing source(s): CIT Small Business Lending Corp., Stearus Bank
Qualifications
Net worth requirement: $2.5M
Business Experience:
- General business experience
Operations
- 15% of all franchisees own more than one unit
- Number of employees needed to run franchised unit: 20 - 25
- Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators)
Training and Support
Training
Ongoing Support
Marketing Support
- Available at headquarters: 2 weeks
- At franchisee's location: 2 weeks
Ongoing Support
- Newsletter
- Meetings
- Toll-free phone line
- Internet
- Field operations/evaluations
- Purchasing cooperatives
Marketing Support
- Co-op advertising
- Ad slicks
- National media
- Regional advertising
Rankings
Franchise 500® rank:
#75 (2009); #91 (2008);
Fastest-Growing Franchises:
#48 (2009); #63 (2008);
America's Top Global Franchises:
#64 (2009); #86 (2008);
#75 (2009); #91 (2008);
Fastest-Growing Franchises:
#48 (2009); #63 (2008);
America's Top Global Franchises:
#64 (2009); #86 (2008);