Value Place

  • Value Place Franchise Services LLC
8621 E. 21st St. North, # 250
Wichita, KS 67206
  • (316) 630-5505

Founded in 2002, Value Place is the largest economy extended-stay lodging brand in the U.S. Featuring remarkably affordable weekly rates, rigorous cleanliness standards, and secure temporary lodging, the brand delivers an unparalleled commitment to the comfort, privacy, and peace of mind of each guest. Value Place was named a recession proof business in 2010 by USA Today, and delivers proven stability and consistent returns to its franchisees.

Franchisor Background

Year Established: 2003

Franchising Since: 2004

Operating Units

Franchised Units 135 75.0%
Company-Owned Units 45 25.0%
Total Operating Units 180 100%

Geographic Distribution

USA 180 100.0% In 31 States
Canada 0 0.0% In 0 Provinces
International 0 0.0% In 0 Foreign Countries
Total 180 100%

Multi-Unit Operators

Multi-Unit Operators N/A
Franchises Owned by Multi-Unit Operators N/A

North American Unit Density

Density Units
Texas 29
Florida 17
Tennessee 9

Registered in the following Registration States

(not registered in any registration states)

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Support and Training

General Information

IFA Member No
CFA Member No
Franchisee Association? Yes, is a member
Size of Corporate Staff N/A
Site Selection
Assistance
Yes
Lease Negotiation Assistance Yes
Financial Assistance Yes, Direct

Marketing Support

Co-Op Advertising No
National Advertising No
Regional Advertising No
Local Advertising No

Ongoing Support

Central Data Processing Included
Central Purchasing Included
Field Operation Evaluation Included
Field Training Included
Initial Store Opening Included
Inventory Control Included
Franchisee Newsletter Included
Regional or National Meetings Included
800 Telephone Hotline Included

Training

(no data available)
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Financial Requirements

Investment

Minimum Net Worth N/A
Cash Investment N/A
Total Investment $3,800-5,032K
Average Total Investment $4.4MM

Fees

Initial Franchise Fee $49.6K
Average Franchise Fee $49K
On-Going Royalty 5%
Average Royalty 5%
Advertising Fee 2.5%

Site Information and Requirements

Average Number of Full-Time Employees N/A
Average Number of Part-Time Employees N/A
Space Needs (in square feet) None
Preferred Site Types N/A
Encourages Conversions Yes
Item 19 (Earnings Claim) Provided? Yes
Listed in the SBA Registry? No
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Franchisee Qualifications

Financial Net Worth N/A
General Business Experience N/A
Specific Industry Experience N/A
Formal Education N/A
Psychological Profile N/A
Personal Interviews N/A
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Terms of Contract

Term of Initial Contract N/A
Term of Renewal Period N/A
Passive Ownership? Allowed
Area Development
Agreements?
No
Sub-Franchisor
Contracts?
No
Franchisees Allowed to Expand Within Territory? No
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Expansion Plans

Projected New Units Over Next 12 Months N/A
USA No
Canada No
Overseas No
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Request Information for Value Place

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