Avid Hotel offers guests a unique hotel experience with world-class service, catering to both business and leisure travelers. The franchise delivers consistent quality accommodations supported by a comprehensive reservation and marketing system.
Key Insights
- avid hotel emerged when founders recognized significant opportunities to transform traditional service delivery methods within their market, developing innovative approaches that addressed specific customer pain points and established new standards for quality and reliability in the industry.
- Technology integration streamlines hotel operations and enhances guest convenience through modern systems and amenities while preserving the personal touch and attentive service that create memorable hospitality experiences and encourage repeat visits and recommendations.
- Industry trends favor businesses that can adapt quickly to changing regulations, customer preferences, and market conditions while maintaining quality standards, creating competitive advantages for organizations that invest in training, technology, and customer-focused service approaches.
Franchise Fee and Costs to Open
Exploring the financial picture of avid hotel gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $10,360,251 - $15,714,550, along with a franchise fee of $50,000 - $50,000.
Financial Performance and Revenue
Training and Resources
avid hotel provides new franchisees with comprehensive training and resources. This program offers a blend of virtual and in-person learning, spanning approximately two weeks. Initial training is typically conducted at avid hotel's corporate headquarters. The franchisor also provides ongoing support and access to operational manuals and marketing materials.
Legal Considerations
Legal considerations for a avid hotel franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee may consider how to differentiate their location amidst existing hotel offerings and manage daily operations to meet brand standards. Understanding local demand patterns and ensuring consistent access to necessary amenities and services from established suppliers are also key factors in achieving operational efficiency.
Franchise Datasheet
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