Affordable Suites of America
Extended-stay hotels

Affordable Suites of America
Extended-stay hotels

About
Founded

1998

Franchising Since

1998 (20 Years)

Corporate Address

P.O. Box 50550
Myrtle Beach, SC 29579

CEO

Tom Goodwin

Financial Requirements
Initial Investment

$2,872,000 - $3,545,000

Net-worth Requirement

$5,000,000

Liquid Cash Requirement

$1,000,000

Ongoing Fees
Initial Franchise Fee

$30,000 - $30,000

Ongoing Royalty Fee

5%

Financing Options

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

Support Options
Ongoing Support

Newsletter

Meetings/Conventions

Grand Opening

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Marketing Support

Ad Templates

Website development

On-The-Job Training:

40 hours

Absentee Ownership Allowed
Number of Employees Required to Run:

3

Cost
Initial Investment: Low - $2,872,000 High - $3,545,000
Units
+25.0%+4 UNITS (1 Year) +11.1%+2 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: October 18th, 2018
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