Vagabond Inn is a limited-service, economy hotel brand offering comfortable accommodations for budget-conscious travelers. The franchise delivers value-focused lodging options across various markets.
Key Insights
- Vagabond Inn grew from a fundamental commitment to solving real problems that affected both customers and service providers, developing systematic approaches that improve efficiency, enhance quality, and create positive outcomes for all stakeholders involved in the business relationship.
- Amenity selection and facility design balance guest preferences with operational efficiency to maximize satisfaction and value, incorporating modern conveniences and comfort features that enhance the stay experience while maintaining cost-effectiveness and sustainability.
- Demographic shifts create new customer segments with distinct needs and service preferences, requiring businesses to adapt their offerings while maintaining core quality standards, creating opportunities for growth through market diversification and specialized service development.
Franchise Fee and Costs to Open
Exploring the financial picture of Vagabond Inn 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 $174,500 - $7,066,500, along with a franchise fee of $1,000 - $1,000.
Financial Performance and Revenue
Training and Resources
Vagabond Inn provides a comprehensive training program. This initial training, approximately two weeks in length, is conducted at a designated Vagabond Inn corporate location. The franchisor offers ongoing operational support and access to a library of resources designed to aid in franchise success. Vagabond Inn also recommends a network of preferred vendors for operational needs.
Legal Considerations
Legal considerations for a Vagabond Inn 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
Operating a Vagabond Inn franchise involves navigating a dynamic local market, requiring adaptability to various competitor offerings. The operational scope encompasses managing staffing, guest services, and property maintenance, demanding consistent attention. Furthermore, the business model relies on established supply chains for amenities and operational needs, necessitating robust relationships and contingency planning.
Franchise Datasheet
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