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General

Industry

Travel and Hospitality

Category

Lodging

Works with Franchise Brokers

No

Year of Founding

1986

Fees

Marketing Fee

Varies

Royalty Fee

NA

Franchise Fee

$20,000-$20,000

Investment Range

$236K-$6.32M

Location units

Total U.S. Locations

3

U.S. Franchised Units

3

U.S. Corporate Units

N/A

Headquarters (City)

Newton

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2005

Issuance of FDD Data

03/28/2022

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$236K-$6.32M

Franchise Fee

$20,000-$20,000

What to know about Signature Inn franchise?

Signature Inn is a franchise opportunity for those looking to get involved in the hospitality industry. They provide a unique blend of services that are tailored to meet the needs of our franchisees and their customers. Signature Inn is dedicated to providing the highest level of customer service and franchise support. They are committed to helping our franchisees grow and succeed in the hospitality industry. Their franchisees benefit from years of experience and expertise in the hospitality industry. They offer a wide range of services that franchisees can use to grow their businesses. These services include marketing support, training and development, financial planning, and more. Their franchisees benefit from knowledge and experience in the industry, as well as their commitment to providing them with the best possible service. They are always looking for new franchisees who share a passion for excellence and who are dedicated to providing their customers with the best possible experience.

Signature Inn is based in Newton, MA. Scroll down to learn more!

How much does a Signature Inn franchise cost?

Are you wondering how much is a Signature Inn franchise? Before starting a Signature Inn 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 Signature Inn franchise is $236,445 and can go all the way up to $6,320,445. Keep in mind, you should also allocate additional funds to live off of while the Signature Inn 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 Signature Inn franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Signature Inn business 2) pass break even 3) hit significant income.

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

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 1 3 1 3
2017 3 0 1 2
2018 2 0 0 2
2019 2 0 2 0

Additional Details

How much does a Signature Inn franchise owner make?

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

Signature Inn unfortunately does not disclose financials on how much Signature Inn 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, Signature Inn 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 Signature Inn franchisees. Do note that Signature Inn 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 Signature Inn franchisees to understand how much money they are making from their Signature Inn business.

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

What is the Signature Inn franchise fee?

Owning a Signature Inn franchise requires a variable 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 Signature Inn Franchise Disclosure Document

Keep in mind, there is also an initial Signature Inn franchise fee of $20,000 that is included in the initial investment amount of $236,445 to $6,320,445. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Signature Inn franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Signature Inn franchise fee of $20,000.

Visit the Signature Inn 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 Signature Inn founded?

Signature Inn started offering franchises in 2005. Signature Inn was founded 36 years ago in 1986.

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 Signature Inn locations are in the U.S.?

As of 2022, there were 3 locations across the U.S. There are also 0 corporate locations. Most Travel and Hospitality franchises like Signature Inn have more franchised locations than corporate locations.

How many Signature Inn franchises opened over the past few years?

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

How many Signature Inn franchises closed over the past few years?

Over the prior 3 years we have data for, Signature Inn has closed 2 outlets throughout the U.S

Visit the Signature Inn metrics tab to explore how the openings compare to other Travel and Hospitality franchises.

Is Signature Inn growing? Are they opening more locations than they are closing?

The net unit growth rate for Signature Inn over the past 3 years is 50%. Over the last year we have data for, Signature Inn had a net unit growth rate of 0%.

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

Is Signature Inn franchise eligible for an SBA Loan?

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

Signature Inn franchise was assigned the SBA Franchise ID of S1571 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Signature Inn 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 Signature Inn a franchise in the United States?

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

What is the Signature Inn Franchise for Sale Rate?

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

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

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

What is the Signature Inn Franchise Failure Rate?

Signature Inn 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!

Signature Inn failure rate over the past 3 years is 67%. Over the last year we have data for, Signature Inn had a franchise failure rate of 0%.

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

How can I find out more details on Signature Inn franchise?

Visit the Signature Inn 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

Signature Inn

$3,278,445

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Signature Inn

NA

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.

Signature Inn

$20,000

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

1986

Fees

Marketing Fee

Varies

Royalty Fee

NA

Franchise Fee

$20,000-$20,000

Investment Range

$236K-$6.32M

Location units

Total U.S. Locations

3

U.S. Franchised Units

3

U.S. Corporate Units

N/A

Headquarters (City)

Newton

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2005

Issuance of FDD Data

03/28/2022

Detailed Franchise metrics for Signature Inn

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

Signature Inn

0%

50%

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

Signature Inn

NA

0%

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

Signature Inn

NA

67%

Industry median

All franchises median

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Business details

Website

https://www.redlion.com/

Business email

**********@******.com

Mailing address

255 Washington Street, Suite 230

State headquarters

Massachusetts

Contact Name

Signature Inn

Phone

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

City

Newton

Zip code

02458
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