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General

Industry

Travel and Hospitality

Category

Lodging

Works with Franchise Brokers

No

Year of Founding

1963

Fees

Marketing Fee

2.5%

Royalty Fee

6%

Franchise Fee

$50,000-$50,000

Investment Range

$257K-$13.72M

Location units

Total U.S. Locations

101

U.S. Franchised Units

101

U.S. Corporate Units

N/A

Headquarters (City)

Rockville

Other

Item 19 - Franchise Financials

Yes

E-2 Visa Eligibility

No

Started Offering Franchises

1996

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

$257K-$13.72M

Franchise Fee

$50,000-$50,000

What to know about Mainstay Suites franchise?

The franchise offered in this disclosure document is for the rights to own and/or operate a MAINSTAY SUITES ("MAINSTAY SUITES") hotel business. The franchisee will offer the services and product lines associated with the operation of a hotel business under the MAINSTAY SUITES name and mark. These services and product lines will include, without limitation, accommodations, housekeeping, laundry, food and beverage service, meeting and banquet facilities, and other ancillary services which are now or may in the future be performed or offered by franchisees under the MAINSTAY SUITES name and mark. The franchisee will also use the MAINSTAY SUITES trade dress in connection with operating its hotel business. The MAINSTAY SUITES franchise system is based upon developing, owning, and/or operating a limited service, select-service, or extended stay hotel business which offers temporary lodging accommodations to the traveling public under the MAINSTAY SUITES name and mark. The MAINSTAY SUITES hotel concept is designed to appeal to a wide range of potential guests, including business travelers on short or extended assignments, tourists, and persons relocating due to work or other reasons.

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

How much does a Mainstay Suites franchise cost?

Are you wondering how much is a Mainstay Suites franchise? Before starting a Mainstay 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 Mainstay Suites franchise is $256,950 and can go all the way up to $13,720,697. Keep in mind, you should also allocate additional funds to live off of while the Mainstay 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 Mainstay Suites franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Mainstay Suites business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Mainstay 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 Mainstay Suites. Hotels to the Lodging, Outdoor Travel and Hospitality industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 52 5 1 56
2017 56 5 1 60
2018 60 7 4 63
2019 63 13 3 73
2020 73 20 3 90
2021 90 13 2 101

Additional Details

How much does a Mainstay Suites franchise owner make?

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

Mainstay Suites discloses financials at the unit level. In other words, they show how much Mainstay Suites franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Mainstay Suites franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Mainstay Suites. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Mainstay Suites owners were making.

Visit the Mainstay Suites metrics tab to explore the financials for this business.

What is the Mainstay Suites franchise fee?

Owning a Mainstay Suites franchise requires 6% royalty fee and 2.5% 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 Mainstay Suites Franchise Disclosure Document

Keep in mind, there is also an initial Mainstay Suites franchise fee of $50,000 that is included in the initial investment amount of $256,950 to $13,720,697. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Mainstay Suites franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Mainstay Suites franchise fee of $50,000.

Visit the Mainstay 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 Mainstay Suites founded?

Mainstay Suites started offering franchises in 1996. Mainstay 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 Mainstay Suites locations are in the U.S.?

As of 2022, there were 101 locations across the U.S. There are also 0 corporate locations. Most Travel and Hospitality franchises like Mainstay Suites have more franchised locations than corporate locations.

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

Over the prior 3 years we have data for, Mainstay Suites has opened 46 outlets throughout the U.S. Visit the Mainstay Suites metrics tab to explore how the openings compare to other Travel and Hospitality franchises.

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

Over the prior 3 years we have data for, Mainstay Suites has closed 8 outlets throughout the U.S

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

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

The net unit growth rate for Mainstay Suites over the past 3 years is 60%. Over the last year we have data for, Mainstay Suites had a net unit growth rate of 12%.

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

Is Mainstay Suites franchise eligible for an SBA Loan?

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

Mainstay Suites franchise was assigned the SBA Franchise ID of S1071 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Mainstay 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 Mainstay Suites a franchise in the United States?

According to the SBA, Mainstay 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 Mainstay Suites provides you with an FDD if you are in discussion to buy a Mainstay Suites.

What is the Mainstay Suites Franchise for Sale Rate?

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

Mainstay Suites franchise for sale rate over the past 3 years is 4%. Over the last year we have data for, Mainstay Suites had a franchise for sale rate of 0%.

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

What is the Mainstay Suites Franchise Failure Rate?

Mainstay 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!

Mainstay Suites failure rate over the past 3 years is 8%. Over the last year we have data for, Mainstay Suites had a franchise failure rate of 2%.

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

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

Visit the Mainstay 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

Mainstay Suites

$6,988,824

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Mainstay 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.

Mainstay 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

2.5%

Royalty Fee

6%

Franchise Fee

$50,000-$50,000

Investment Range

$257K-$13.72M

Location units

Total U.S. Locations

101

U.S. Franchised Units

101

U.S. Corporate Units

N/A

Headquarters (City)

Rockville

Other

Item 19 - Franchise Financials

Yes

E-2 Visa Eligibility

No

Started Offering Franchises

1996

Issuance of FDD Data

04/01/2022

Detailed Franchise metrics for Mainstay Suites

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Mainstay 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

Mainstay Suites

23%

60%

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

Mainstay Suites

4%

4%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

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

 

1 year

3 years

Mainstay Suites

4%

8%

Industry median

All franchises median

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Business details

Website

https://choicehotelsdevelopment.com/

Business email

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

Mailing address

1 Choice Hotels Circle, Suite 400

State headquarters

Maryland

Contact Name

Mainstay Suites

Phone

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

City

Rockville

Zip code

20850
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