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| Ramada Franchise Systems One Sylvan Way Parsippany, NJ 07054 |
Submit an online form to receive information from Ramada Franchise Systems.
|
Business Description
RAMADA is proud to have nearly 900 properties in the United States and Canada. The RAMADA brand was created in Flagstaff, AZ in 1954. In 1990, the brand was acquired by Cendant Corporation, formerly HFS Inc. RAMADA FRANCHISE SYSTEMS is a subsidiary of Cendant Corporation (NYSE: CD).
Franchisor Background
Year Established: 1954
Franchising Since: 1989
North America:
States/Provinces with the largest number of operating units:
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia, Alberta
Financial Requirements
Average Number of Employees: 75% Full-time, 25% Part-time
Space Needs (in square footage): 18.-2.4 Acres
Preferred Sites: Free-standing Building
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided?: Yes
RAMADA is proud to have nearly 900 properties in the United States and Canada. The RAMADA brand was created in Flagstaff, AZ in 1954. In 1990, the brand was acquired by Cendant Corporation, formerly HFS Inc. RAMADA FRANCHISE SYSTEMS is a subsidiary of Cendant Corporation (NYSE: CD).
Franchisor Background
Year Established: 1954
Franchising Since: 1989
| Operating Units: | |||||||||||||||||||||||||||||||
Franchised Units: | 893 | 100% | | ||||||||||||||||||||||||||||
| Company-Owned Units: | 0 | 0% | |||||||||||||||||||||||||||||
Total Operating Units: | 893 | 100.0% | |||||||||||||||||||||||||||||
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States/Provinces with the largest number of operating units:
| Density | Units |
| 1. Texas | 64 |
| 2. Florida | 67 |
| 3. California | 90 |
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia, Alberta
Financial Requirements
| Investment: | |
| Minimum Net Worth: | $NA |
| Cash Investment: | $384K-8.3MM |
| Total Investment: | $380.7K-10.2M |
| Average Total Investment: | $5290K |
| Fees: | |
| Initial Franchise Fee: | $35Kor $350/RM |
| Average Franchise Fee: | $35K |
| On-Going Royalty: | 4% |
| Average Royalty: | 4% |
| Advertising Fee: | 4.5% |
Space Needs (in square footage): 18.-2.4 Acres
Preferred Sites: Free-standing Building
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided?: Yes
| Franchisee Qualifications | |||||||||
Ranked from 1 (unimportant) to 5 (important): | |||||||||
| Financial Net Worth: | 3 | ||||||||
| General Business Experience: | 2 | ||||||||
| Specific Industry Experience: | 4 | ||||||||
| Formal Education: | 1 | ||||||||
| Psychological Profile: | 1 | ||||||||
| Personal Interview(s): | 5 | ||||||||
| Terms of Contract | |||||||||
| Term of Initial Contract: | 15-20 Year(s) | ||||||||
| Term of Renewal Period: | Year(s) | ||||||||
| Passive Ownership: | Allowed | ||||||||
| Area Development Agreements? | No | ||||||||
| Sub-Franchising Contracts? | No | ||||||||
| Franchisees Allowed to Expand Within Territory? | No | ||||||||
| Support and Training | |||||||||
| International Franchise Association: | Yes | ||||||||
| Canadian Franchise Association: | No | ||||||||
| Franchisee Association/Member: | Yes, Member | ||||||||
| Size of Corporate Staff: | N/A | ||||||||
| Site Selection Assistance? | No | ||||||||
| Lease Negotiation Assistance? | No | ||||||||
| Financial Assistance? | Yes, Direct | ||||||||
| Marketing Support: | |||||||||
| Co-Op Advertising: | No | ||||||||
| National Advertising: | No | ||||||||
| Regional Advertising: | No | ||||||||
| Local Advertising: | No | ||||||||
| Marketing Materials: | None Specified | ||||||||
| Additional Services: | None Specified | ||||||||
| Other Marketing Support: | None Specified | ||||||||
| On-Going Support: | |||||||||
| Central Data Processing: | Not Applicable | ||||||||
| Central Purchasing: | Included in Fees | ||||||||
| Field Operation Evaluation: | Included in Fees | ||||||||
| Field Training: | Included in Fees | ||||||||
| Initial Store Opening: | Not Applicable | ||||||||
| Inventory Control: | Not Applicable | ||||||||
| Franchisee Newsletter: | Included in Fees | ||||||||
| Regional or National Meetings: | At Additional Cost | ||||||||
| 800 Telephone Hotline: | Included in Fees | ||||||||
| Training: | |||||||||
| 1. On-Site Property Opening/Training | 3-6 Days | ||||||||
| Expansion Plans | |||||||||
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Submit an online form to receive information from Ramada Franchise Systems.
|
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