- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$5.6M - $43M
- Units as of 2024
-
71 273.7% over 3 years
Company Overview
About voco hotels
Business Overview
| Franchising Since | 2018 (6 years) |
|---|---|
| # of employees at HQ | 1,711 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
| # of Units | 71 (as of 2024) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a voco 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
|
$75,000 |
|---|---|
|
Initial Investment
|
$5,588,500 - $43,039,700 |
|
Royalty Fee
|
5% |
|
Term of Agreement
|
20 years (average) |
| 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 | voco 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.
| On-The-Job Training | Varies |
|---|---|
| Classroom Training | Varies |
| Ongoing Support |
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Ad Templates
National Media
SEO
Website Development
Email Marketing
Loyalty 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?
|
No |
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