Joorney Business Plans writers develop a comprehensive marketing and advertising strategies in line with the franchise agreement.
The initial start-up costs for establishing a Choice Hotel franchise business range from $88,100 to $13,200,000. Choice Hotels offers honorably discharged veterans a $1,500 a room incentive not to exceed $125,000 for midscale brands and a $750 per room incentive not to exceed $50,000 for economy brands.
Over 20 million customers book a Choice Hotels brand property every year.
Around 99% of the company’s total revenues are generated by asset-light franchise contracts.
The concept idea has come form the investor of the property, from inspiration of a venue that he frequents in London often.
However, there has not been any level of involvement from someone with operational hospitality experience or advice from someone in the industry; which in my experience is typical in many hotel F&B concept development phases.Choice Hotels has the ability and the capacity to maximize the financial returns of its franchisees.With 80 years of industry experience and governance in standards, it is one of the most efficient and cost-effective companies in the hospitality industry.I know these maybe slightly exaggerated, however the point that I am trying to make is that an operational hospitality professional should dictate the menu and concept direction, before a designer is even involved.Taking into consideration some of my previous posts on concept development, the next important piece of information I would like to share is the need of strategic planning, which leads me to writing this post.However, the franchisee must hire a certified general manager at the hotel who has satisfactorily completed all required training.Joorney Business Plans has extensive experience in creating long-term employee plans and matching the proposed employees’ experience, knowledge, skills, and training to their designated roles.The differences with the type of offering will change the décor.You wont see a Gelataria with table cloths and candles set, and you wont see a Ristorante with counter service alone.The menu defines the décor, ambience, pricing, service style and so on.If for example you decide on creating and Italian concept. Is it a Gelataria, Pizzeria, Osteria, Enoteca, Ristorante or a café?