Everhome Suites is a hotel brand offering all-suite accommodations designed for long-term stays. The franchise provides fully equipped kitchens, laundry facilities, and separate living and sleeping areas, making it ideal for both business and leisure travelers.
Key Insights
- Everhome Suites has roots tracing back to a pioneering vision for extended-stay accommodations, evolving over time to meet the changing needs of travelers. The franchise's operational model focuses on providing practical and comfortable living spaces designed for longer durations, emphasizing efficiency and guest satisfaction.
- The business operates within the dynamic hospitality sector, specifically in the extended-stay segment. This market caters to individuals requiring accommodation for weeks or months, including business travelers, relocating families, and those undergoing temporary assignments.
- The franchise concept is designed to capitalize on consistent demand for lodging solutions beyond traditional hotel stays. This segment of the travel industry is characterized by its focus on amenities that facilitate longer, more self-sufficient stays for guests.
Franchise Fee and Costs to Open
Exploring the financial picture of Everhome Suites 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 $12,317,550 - $17,138,050, along with a franchise fee of $50,000 - $50,000.
Financial Performance and Revenue
Training and Resources
Everhome Suites provides comprehensive training to new franchisees. This initial program, lasting two weeks, takes place at our headquarters. Everhome Suites offers a robust operational manual and ongoing support. We recommend leveraging these resources for a strong launch. Everhome Suites provides access to a network of experienced operators.
Legal Considerations
Legal considerations for a Everhome Suites 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
Franchisees might navigate dynamic local market competition, requiring tailored strategies for guest acquisition and retention. Operational complexity necessitates robust staffing and efficient property management systems. Reliance on specific supply chains for amenities and maintenance presents a consideration for ensuring consistent guest experience and controlling costs.
Franchise Datasheet
FAQs
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