
Centerstone Inns, Hotels & Plaza Hotels
Hotels- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$3.1M - $19.5M
- Units as of 2017
-
7 12% over 3 years
Company Overview
About Centerstone Inns, Hotels & Plaza Hotels
- Industry
- Lodging
- Related Categories
- Hotels & Motels
- Founded
- 2011
- Parent Company
- Vimana Franchise Systems LLC
- Leadership
- Steven Belmonte, CEO
- Corporate Address
-
1 Office Park Cir., #101
Birmingham, AL 35223
Business Overview
- Franchising Since
- 2011 (12 years)
- # of employees at HQ
- 9
- Where seeking
-
This company is offering new franchisees in the following US states:
This company is offering new franchisees in the following international regions:
- # of Units
- 7 (as of 2017)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Centerstone Inns, Hotels & Plaza Hotels 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
- $17,000
- Initial Investment
- $3,055,760 - $19,473,850
- Veteran Incentives
- 10% off franchise fee
- Royalty Fee
- 2%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 3 years
- Is franchise term renewable?
- Yes
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
- Centerstone Inns, Hotels & Plaza Hotels 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.
- Classroom Training
- 2 months
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- Yes
Interested in ownership opportunities like Centerstone Inns, Hotels & Plaza Hotels? Request a free consultation with a Franchise Advisor now.
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