Boarders Lodging manages hotels under the Boarders Inn & Suites by Cobblestone brand, offering comfortable accommodations. The franchise provides lodging services with a focus on quality and guest satisfaction.
Key Insights
- Boarders Lodging originated as a response to a growing need for convenient, comfortable, and community-oriented accommodations for travelers and students seeking alternatives to traditional hotel stays. Its evolution reflects a sustained commitment to providing accessible lodging solutions.
- The franchise model of Boarders Lodging operates by offering standardized systems, brand recognition, and operational support to franchisees who manage individual properties. This structure facilitates expansion and consistent guest experiences across various locations.
- The accommodation industry is experiencing a demand for diverse lodging options beyond hotels, including shared living spaces and extended-stay facilities. Boarders Lodging is positioned within this evolving sector, catering to a demographic seeking value and social interaction.
Franchise Fee and Costs to Open
Exploring the financial picture of Boarders Lodging 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 $6,504,624 - $16,902,199, along with a franchise fee of $45,000 - $45,000.
Financial Performance and Revenue
Yearly gross sales of $1,007,341 and estimated earnings of $151,102 - $201,469 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 67.9-69.9 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Boarders Lodging provides comprehensive initial training for new franchisees. This program offers in-depth operational guidance. The initial training is an intensive, two-week program held at Boarders Lodging's corporate headquarters. Resources are readily available to support your journey. Boarders Lodging recommends utilizing these tools for successful integration.
Legal Considerations
Legal considerations for a Boarders Lodging franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee might encounter considerations regarding local market saturation from similar lodging options, impacting occupancy rates. The operational complexity of managing diverse amenities and guest services, alongside maintaining consistent brand standards, requires diligent oversight. Furthermore, reliance on specific suppliers for provisions and linens could present logistical hurdles or price fluctuations that affect day-to-day operations and profitability.
Franchise Datasheet
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