GuestHouse Extended Stay offers a hotel experience focused on extended stays with a range of amenities and services for both short and long-term guests. The franchise provides comfortable accommodations with all the necessary amenities for business or leisure travelers, ensuring a memorable and convenient stay.
Key Insights
- GuestHouse Extended Stay has developed an operational model focused on providing comfortable and affordable lodging solutions for travelers seeking accommodations for extended periods. Its foundation is built on a history of serving guests with their longer-term housing needs.
- The franchise operates by managing a portfolio of properties designed to cater to individuals and groups requiring more than a traditional hotel stay. This includes amenities and services tailored for the extended-stay market, facilitating a home-away-from-home experience.
- The business operates within the hospitality industry, specifically the extended-stay segment. This sector addresses a consistent demand from various guest demographics, including business travelers, relocating individuals, and those needing temporary housing.
Franchise Fee and Costs to Open
Exploring the financial picture of GuestHouse Extended Stay 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 $573,945 - $7,331,895, along with a franchise fee of $21,500 - $21,500.
Financial Performance and Revenue
Training and Resources
GuestHouse Extended Stay provides comprehensive training for new franchisees. This initial program, lasting two weeks, is held at the franchisor's headquarters. Resources offered include operational manuals and ongoing support. The franchisor recommends leveraging these tools for a successful launch.
Legal Considerations
Legal considerations for a GuestHouse Extended Stay 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 local market competition and the operational complexity of managing staffing, maintenance, and guest services. Dependence on specific supply chains for amenities and cleaning supplies also presents a factor for consideration. Understanding guest booking patterns and adapting to seasonal demand are further elements to evaluate for successful operation.
Franchise Datasheet
FAQs
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