Hottest New Franchises
2015
America's Best Value Inn is the fastest-growing hotel chain, with over 1,000 locations and 50,000 guestrooms throughout North America. The family of inns, hotels and suites offers customers exceptional comfort, quality and service at an affordable rate. America's Best Value Inns are unique with a feeling of hometown pride. Friendly staff and clean, comfortable rooms make ABVI a great value for the money. Convenient locations and a variety of accommodations make it ideal for families, business travelers, seniors, weekend vacationers, groups and special events. Most locations offer free continental breakfast, high-speed Internet and HBO premium programming.
| Year | Franchised | Change | Company-Owned | Change | Total | Change |
|---|---|---|---|---|---|---|
| 2013 | 0 | -- | 1 | 0.0% | 1 | 0.0% |
| 2012 | 0 | -- | 1 | -- | 1 | -- |
Investment Required
The initial fee for an America's Best Value Inn franchise is $10,000. America's Best Value Inn provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| Item | Established Low-Range | Established High-Range |
|---|---|---|
| Preliminary Application Fee | $1,500 | $1,500 |
| Initial Fee | $10,000 | $10,000 |
| Market Study | $0 | $7,500 |
| Permits, Licenses, Plans, Etc. | $135,000 | $290,000 |
| Building Construction | $2,250,000 | $4,800,000 |
| Furniture, Fixtures, and Equipment | $320,000 | $400,000 |
| Signage | $15,000 | $30,000 |
| Signage Approval Fee | $0 | $1,500 |
| Communications Equipment | $25,000 | $50,000 |
| Computer System | $2,000 | $10,000 |
| Inventory to Begin Operating | $20,000 | $30,000 |
| Other Pre-Opening Expenses | $50,000 | $75,000 |
| Grand Opening Advertising | $0 | $10,000 |
| Website Development | $0 | $7,000 |
| Additional Funds (3 months) | $30,000 | $90,000 |
| Total Initial Investment | $2,858,500 | $5,812,500 |
Ongoing Expenses
America's Best Value Inn franchisees pay a monthly membership fee of the sum of (x) $20.50 per Guest Room for the first 50 Guest Rooms, (y) $16.50 per Guest Room for Guest Rooms 51 to 75, and (z) $15.50 per Guest Room for any Guest Rooms in excess of 75. Other fees include a monthly marketing fee of the product of $14 times the number of Guest Rooms, among others.
What You Get: Training and Support
America's Best Value Inn does not provide any initial training prior to opening a lodge facility. Brand Members are expected to be qualified and sufficiently skilled to operate a limited-service lodging facility. However, optional training programs are provided concurrently with or shortly after opening. Franchisees have the opportunity to participate in Vantage Academy sessions at no additional charge. Sessions are offered 15-18 times a year at various locations throughout North America. For all Vantage Academy sessions, you must pay you and each trainee's expenses, including travel, lodging, and meal expenses, other than lunch during the educational sessions, which is provided by Vantage Hospitality. America's Best Value Inn will continue to offer ongoing advice and guidance regarding the daily operations of the franchise, as well as offer additional training when needed
Territory
America's Best Value Inn does not grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, ongoing expenses, training and territory grants were taken from the company's 2014 FDD.
