Value Place - Franchise
Value Place is an extended-stay hotel that meets every life traveler's with a total commitment to comfort, privacy and peace of mind.
Requirements
Financial requirements for this franchise:
| Liquid Capital: | $500,000 What does Liquid Capital mean? |
|---|---|
| Total Investment: | $3,500,000 - $7,400,000 What does Total Investment mean? |
Options
Options available to franchisees:
| Training: | Available |
|---|---|
| Veteran Discount: | Yes |
What Does a Value Place Franchise Cost?
Interested parties should have at least $500,000 in liquid capital to invest. Franchisees can expect to make a total investment of $3,500,000 - $7,400,000. They also offer a discount for veterans . *
Value Place Franchise Information:
About Value Place
Value Place is an extended-stay hotel that meets every life traveler's need for affordable, clean and secure, temporary lodging with our remarkably low weekly rates, rigorous cleanliness standards, total commitment to your comfort, privacy and peace of mind, and our just-right simplicity. Whether it's business or pleasure travel, relocation, or just looking for a temporary basecamp, Value Place is your place.
Proven Systems
Operations have been streamlined and processes created at every step to assist you in franchising your own property. Training is provided, and our expert team members are available to help.
Strong Quality Nationwide
With an emphasis not only on value in pricing, but also in cleanliness – strong quality control is key in creating and maintaining a successful nationwide brand. Brand Standards and Quality Assurance Programs play a key role in managing the Value Place brand.
Prototypical Design Specifications
We provide design specifications for you to supply to licensed architects to adapt to your site. Quality FF&E and building standards reduce maintenance requirements and expenses while providing a more comfortable atmosphere for guests.
Efficiency
Based on property size, each Value Place operates with as few as 4.0-4.5 full-time equivalent employees, keeping operating expenses low.
In other words, we are here every step of the way to help you from preliminary site feasibility to ongoing operations
and revenue management.
High Regards
Franchise Business Review honored us with the 2006 Top 50 Franchise Award.
Franchise License & Ongoing Fees
License Fee: The Greater of $49,600 or $400 per Room Developed
Royalty: 5% of Room Revenues
Marketing Fund Fee: Up to 2.5% of Room Revenues, Currently 0%
Availability
Value Place is currently accepting inquiries from the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $500,000 in liquid capital to invest.
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