Howard Johnson

Howard Johnson

#349

Initial Investment

LOW: $162,320
HIGH: $8,731,316

Change in Units

-3.9% -16 UNITS (1 Year)
-7.7% -32 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1925

Franchising Since

1954 (62 Years)

Corporate Address

22 Sylvan Wy. Parsippany, NJ 07054

CEO

Geoff Ballotti

Parent Company

Wyndham Hotel Group

Ticker Symbol

About Howard Johnson

With a loan of $500, Howard Dearing Johnson purchased a small patent medicine shop in Quincy, Massachusetts, in 1925. He used an old-fashioned, hand-cranked freezer in the store's basement to make vanilla, chocolate and strawberry ice cream for the shop's soda fountain. Three years later, with menu additions like hot dogs and hamburgers, he opened the first Howard Johnson's Restaurant. By 1935, there were 25 Howard Johnson ice cream and sandwich stands in Massachusetts. Five years later, with more than 100 restaurants on the Atlantic Coast, Johnson opened the first turnpike restaurant on the Pennsylvania Turnpike. In 1954, when the company operated 400 restaurants, the first Howard Johnson hotel opened in Savannah, Georgia.

Financials

Financial Requirements

Initial Investment

$162,320 - $8,731,316

Ongoing Fees

Initial Franchise Fee

$35,000

Ongoing Royalty Fee

4.5%

Ad Royalty Fee

4%

Financing Options

Howard Johnson offers in-house financing to cover the following: franchise fee, startup costs

Howard Johnson has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory

Franchise 500® Rank History

Highest Rank: 112

Lowest Rank: 349

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

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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: June 22nd, 2016

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