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 | Value PlaceHere, You'll Never Wear Out Your Welcome |
Business Type
FranchiseMin Liquid Capital
$350,000Required Net Worth
$1,500,000Number of Units
161In Business Since
2003* For Current Info See:
Franchise Disclosure Document
Overview
Value Place is an extended-stay hotel that meets every life traveler’s
need for affordable, clean and secure, temporary lodging with our
remarkably low weekly rates, rigorous cleanliness standards, total
commitment to your comfort, privacy and peace of mind, and our
just-right simplicity. Whether you’re traveling on business, pleasure,
relocation, or just looking for a temporary basecamp on your life’s
journey, Value Place is your place.
Products & Services
When life takes you away from your home, think of us as your basecamp.
Whether you're traveling on business, pleasure, relocation or just
looking for a temporary place to call your own, Value Place is your
place. We are the extended-stay hotel that meets every life traveler's
needs. We provide rigorously clean and secure lodging with just-right
simplicity, all at remarkably low weekly rates. We are totally
committed to your comfort, privacy and peace of mind. When we say
you're welcome to stay for a while, we mean it.Training & Support
Proven Systems:
Operations have been streamlined and processes created at every step to assist you in franchising and owning your own property. Training is provided, and our expert team members are available to help ensure your success.
Prototypical Design Specifications:
We provide design specifications for you to supply to licensed architects to adapt to your site. Quality FF&E and building standards reduce maintenance requirements and expenses while providing a more comfortable atmosphere for guests.
Efficiency:
Based on property size, each Value Place operates with as few as 4.0-4.5 full-time equivalent employees, keeping operating expenses low. In other words, we are here every step of the way to help you from preliminary site feasibility to ongoing operations and revenue management.
Operations have been streamlined and processes created at every step to assist you in franchising and owning your own property. Training is provided, and our expert team members are available to help ensure your success.
Prototypical Design Specifications:
We provide design specifications for you to supply to licensed architects to adapt to your site. Quality FF&E and building standards reduce maintenance requirements and expenses while providing a more comfortable atmosphere for guests.
Efficiency:
Based on property size, each Value Place operates with as few as 4.0-4.5 full-time equivalent employees, keeping operating expenses low. In other words, we are here every step of the way to help you from preliminary site feasibility to ongoing operations and revenue management.
Are You a Good Fit for Value Place?
Strong Quality Nationwide:With an emphasis not only on value in pricing, but also in cleanliness – strong quality control is key in creating and maintaining a successful nationwide brand. Brand Standards and Quality Assurance Programs play a key role in managing the Value Place brand.
FRANCHISE LICENSE & ONGOING FEES
- License Fee: The Greater of $48,400 or $400 per Room Developed
- Royalty: 5% of Room Revenues
- Marketing Fund Fee: Up to 2.5% of Room Revenues, Currently 0%
