Affordable Suites of America

Extended-stay hotels
FREE Franchise Guide!
Franchise 500 Rank
N/R Not ranked last year
See the Full List
Initial investment
$2.9M - $3.5M
Units as of 2018
20 Increase 25.0% over 3 years

Company Overview

About Affordable Suites of America

Industry Lodging
Related Categories Hotels & Motels
Founded 1998
Leadership Tom Goodwin, CEO
Corporate Address P.O. Box 50550
Myrtle Beach, SC 29579
Social Facebook, Twitter

Business Overview

Franchising Since 1998 (26 years)
# of employees at HQ 4
Where seeking

This company is offering new franchises in the following US states:

# of Units 20 (as of 2018)

Information for Franchisees

Here's what you need to know if you're interested in opening a Affordable Suites of America franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$30,000
Initial Investment Information Circle
$2,872,000 - $3,545,000
Net Worth Requirement Information Circle
$5,000,000
Cash Requirement Information Circle
$1,000,000
Royalty Fee Information Circle
5%
Term of Agreement Information Circle
20 years
Is franchise term renewable? Yes
Take Our Free Franchise Quiz!

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing 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

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 40 hours
Ongoing Support
Newsletter
Meetings & Conventions
Grand Opening
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Marketing Support
Ad Templates
Website Development

Operations

Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 3
Are exclusive territories available? Information Circle
Yes
Take our quick quiz to find your ideal franchise

Sign Up for Our Franchise Newsletter

Stay up to date on the latest news and trends affecting the franchise industry.

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to Affordable Suites of America.

WoodSpring Suites

description
Limited-service extended-stay lodging

DoubleTree by Hilton

description
Upscale hotels and resorts

Home Helpers Home Care

description
Nonmedical/skilled home care; monitoring products and services

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

Franchise

IHOP and Applebee's Are Opening Their First Co-Branded Location in the U.S. — Find Out Where It Is

After announcing the collaboration last winter, the first co-branded location will open in early 2025.

Franchise

McAlister's Deli Franchisees Average Nearly $2MM in Net Sales

Through genuine Southern hospitality and friendly conversation, McAlister's Deli aims to make every guest feel special. A McAlister's Deli franchise doesn't require grills, fryers, or late nights, meaning owners can save on resources.

Franchise

Tropical Smoothie Cafe Names New CEO, Bringing a New Strategic Growth Vision to the Franchise

Max Wetzel, who previously served as Papa John's COO and chief customer officer, brings extensive experience in franchise growth, brand development and customer engagement.

Franchise

A McDonald's Favorite Is Making a Spicy Comeback — But Fans Want More

The wildly popular menu item is only available for a limited time, but fans are demanding the fast-food giant make it permanent.

Franchise

Curious Why Some Startups Fail? Here's Some Keys to Staying Ahead of the Curve

In the dynamic world of startups, making the right choices at the right time is crucial.

Franchise

Smoothie King Taps Into a Major Health Trend With Its 'GLP-1 Support Menu'

As GLP-1 medications gain popularity for weight management, this menu aims to fit users' unique dietary needs.

See more franchise content
Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022