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General

Industry

Travel and Hospitality

Category

Lodging

Works with Franchise Brokers

No

Year of Founding

1963

Fees

Marketing Fee

Varies

Royalty Fee

6%

Franchise Fee

$50,000-$50,000

Investment Range

$8.8M-$13.01M

Location units

Total U.S. Locations

N/A

U.S. Franchised Units

N/A

U.S. Corporate Units

N/A

Headquarters (City)

Rockville

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

1981

Issuance of FDD Data

04/01/2022

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$8.8M-$13.01M

Franchise Fee

$50,000-$50,000

What to know about Everhome Suites franchise?

Everhome Suites is a hotel brand under the Choice Hotels family. Everhome Suites is a new hotel brand that offers all-suite accommodations. All of the suites come fully equipped with a kitchen, washer and dryer, and separate living and sleeping areas. Their goal is to provide travelers with a home away from home experience, whether the guests are traveling for business or pleasure. Their staff is committed to providing the best possible experience for each and every guest. Everhome Suites provides their franchisees with everything they need to get started and be successful. They offer a variety of marketing and support resources, as well as training opportunities. Their team is always available to answer any questions franchisees may have.

Everhome Suites is based in Rockville, MD. Scroll down to learn more!

How much does a Everhome Suites franchise cost?

Are you wondering how much is a Everhome Suites franchise? Before starting a Everhome Suites franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Everhome Suites franchise is $8,801,341 and can go all the way up to $13,005,059. Keep in mind, you should also allocate additional funds to live off of while the Everhome Suites business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Everhome Suites franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Everhome Suites business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Everhome Suites franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare Everhome Suites. Hotels to the Lodging, Outdoor Travel and Hospitality industry.

Additional Details

How much does a Everhome Suites franchise owner make?

Everhome Suites franchise earnings and revenue can vary significantly from one franchisee to another.
The Everhome Suites franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Everhome Suites unfortunately does not disclose financials on how much Everhome Suites franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Everhome Suites does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Everhome Suites franchisees. Do note that Everhome Suites is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Everhome Suites franchisees to understand how much money they are making from their Everhome Suites business.

You should also speak to former Everhome Suites franchisees to understand why they left the system. Did they sell their Everhome Suites at a profit? Were they forced to close their Everhome Suites franchise down because it kept losing money?

What is the Everhome Suites franchise fee?

Owning a Everhome Suites franchise requires 6% royalty fee and Varies marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Everhome Suites Franchise Disclosure Document

Keep in mind, there is also an initial Everhome Suites franchise fee of $50,000 that is included in the initial investment amount of $8,801,341 to $13,005,059. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Everhome Suites franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Everhome Suites franchise fee of $50,000.

Visit the Everhome Suites metrics tab to explore the financials for this business, royalty and marketing fees compare to other Travel and Hospitality franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Everhome Suites founded?

Everhome Suites started offering franchises in 1981. Everhome Suites was founded 59 years ago in 1963.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Everhome Suites locations are in the U.S.?

As of 2022, there were 0 locations across the U.S. There are also 0 corporate locations. Most Travel and Hospitality franchises like Everhome Suites have more franchised locations than corporate locations.

How many Everhome Suites franchises opened over the past few years?

Over the prior 3 years we have data for, Everhome Suites has opened 0 outlets throughout the U.S. Visit the Everhome Suites metrics tab to explore how the openings compare to other Travel and Hospitality franchises.

How many Everhome Suites franchises closed over the past few years?

Over the prior 3 years we have data for, Everhome Suites has closed 0 outlets throughout the U.S

Visit the Everhome Suites metrics tab to explore how the openings compare to other Travel and Hospitality franchises.

Is Everhome Suites growing? Are they opening more locations than they are closing?

The net unit growth rate for Everhome Suites over the past 3 years is 0%. Over the last year we have data for, Everhome Suites had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Everhome Suites growth rate compares to 2,000+ other franchises and Industry franchises like Everhome Suites. More info in the Everhome Suites metrics tab.

Is Everhome Suites franchise eligible for an SBA Loan?

Everhome Suites is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Everhome Suites franchise was assigned the SBA Franchise ID of S5097 on 04/09/2020. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Everhome Suites that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Everhome Suites a franchise in the United States?

According to the SBA, Everhome Suites meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Everhome Suites provides you with an FDD if you are in discussion to buy a Everhome Suites.

What is the Everhome Suites Franchise for Sale Rate?

The Everhome Suites systemwide health and franchisee satisfaction can be measured by the Everhome Suitesfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Everhome Suites franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Everhome Suites had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Everhome Suites franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Everhome Suites. More info in the Everhome Suites metrics tab.

What is the Everhome Suites Franchise Failure Rate?

Everhome Suites franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Everhome Suites failure rate over the past 3 years is 0%. Over the last year we have data for, Everhome Suites had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Everhome Suites franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Everhome Suites. More info in the Everhome Suites metrics tab.

How can I find out more details on Everhome Suites franchise?

Visit the Everhome Suites metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Everhome Suites

$10,903,200

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Everhome Suites

6%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Everhome Suites

$50,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Travel and Hospitality

Category

Lodging

Works with Franchise Brokers

No

Year of Founding

1963

Fees

Marketing Fee

Varies

Royalty Fee

6%

Franchise Fee

$50,000-$50,000

Investment Range

$8.8M-$13.01M

Location units

Total U.S. Locations

N/A

U.S. Franchised Units

N/A

U.S. Corporate Units

N/A

Headquarters (City)

Rockville

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

1981

Issuance of FDD Data

04/01/2022

Detailed Franchise metrics for Everhome Suites

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Everhome Suites below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Everhome Suites

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Everhome Suites

NA

0%

Industry median

All franchises median

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Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Everhome Suites

NA

0%

Industry median

All franchises median

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Business details

Website

Business email

d**********@choicehotels.com

Mailing address

1 Choice Hotels Circle, Suite 400

State headquarters

Maryland

Contact Name

Everhome Suites

Phone

+1 (000) 0********00

City

Rockville

Zip code

20850
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