The motel company, Super 8 with a humble beginning in 1974, is now bejeweled with 2,000 motels all over the United States and Canada. The company has earned a reputation for homely and comfortable stay in over 100 foreign locations. The prime character attached to their business ethos is quality at the low cost. This has brought them to the forefront of popularity among travelers from all walks of life, whether for business purposes or vacation.
Hospitality industry is growing all around the globe. With a sizable increase in traveling, a shortage of affordably priced nice accommodation is much realized everywhere. Their current expansion plans are focused on the basic principle of value added services for all. They mean it and prove it in business decisions; this is quite visible. They have expanded the amenities and facilities for the guests of all ages reflecting in popularity among the leisure seekers.
Franchisee Options And Opportunities
People keen to start their independent hospitality business will find the Super 8 franchise to be most lucrative. It is expected to be a successful venture with the support of a glaring brand name. Presently, the company is fully devoted to intensive expansion of Super 8 facilities in all locations in the United States and other parts of the world. Their franchisee plan is inclusive of certain exclusive territories.
The company is a subsidiary organization of Wyndham Hotel Group and holds good ranking in assessments by Franchise 500 and America's Top Global Franchises. The future of success is getting attached to more value for the trust and confidence of consumers on brand name. Super 8 is now is a brand of choice of a large number of customers. You will be more enthused for considering a franchise of Super 8 knowing that 15% of franchises own multiple units.
Wyndham Hotel Group Worldwide
As one among the largest hospitality company in the world, this hospitality chain is acclaimed for holding 10 lodging brands to serve both the upscale consumers as well as budget travelers. It is a mammoth chain of 6,500 franchise establishments across the 6 continents.
Involved Investments
The total investment for a Super 8 franchise works out in the range of $ 285,445 - $5,396,983 including the franchise fee amounting to 24,000 - $26,500. Despite being a strong brand, their ongoing royalty is 5.5% for a 20-year agreement term. As a business entrepreneur, you must have business experience, preferably in hospitality industry. A franchisee is required to manage extensive expenses on equipments and manpower hence the experience in hospitality is valuable. Franchisees can function as the owners in an absence.
Training And Support
The conceptual acquaintance with Super 8 business policies is structured to be concluded in a 5-day program at the headquarters in Parsippany, New Jersey, USA. Bedsides this, the company holds a formal training at franchisee locations for 2 days. The customized property trainings and regional workshops normally last for 1 to 3 days.
Business development includes a promotional release in the national media. Meetings, toll-free lines, company newsletters, and purchasing cooperatives are the rest of the supports.