Super 8 is a guest lodging franchise offering affordable overnight accommodations. The franchise provides a comfortable experience for budget-conscious travelers.
Key Insights
- Super 8 began as a motel with a focus on providing clean, comfortable, and affordable lodging to travelers, growing from a single establishment to a widespread brand known for its value proposition.
- The franchise operates by offering standardized lodging services through independently owned and operated hotels, providing guests with consistent amenities and a familiar brand experience across various locations.
- The business is part of the broader hospitality industry, catering to a diverse range of travelers seeking economical and convenient accommodation solutions for both leisure and business trips.
Franchise Fee and Costs to Open
Exploring the financial picture of Super 8 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 $4,663,694 - $6,929,131, along with a franchise fee of $25,000 - $25,000.
Financial Performance and Revenue
Yearly gross sales of $631,266 and estimated earnings of $94,690 - $126,254 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 54.0-56.0 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
Super 8 provides comprehensive initial training for new franchisees. This training is typically two weeks in length and is conducted at a designated Super 8 training facility. The franchisor offers ongoing operational support and access to a wide range of resources designed to assist franchisees. Super 8 recommends leveraging these materials to optimize business performance.
Legal Considerations
Legal considerations for a Super 8 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
When operating a Super 8 franchise, considerations include navigating a local market with established competitors, managing the day-to-day operational demands of a hospitality business, and ensuring a consistent supply of necessary goods and services. Franchisees will also want to consider the dynamic nature of guest expectations and the evolving landscape of online travel agencies.
Franchise Datasheet
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