Affordable Suites Of America provides quality, affordable lodging with extended-stay suites featuring kitchens. The franchise targets business and leisure travelers across the U.S.
Key Insights
- Affordable Suites Of America emerged from a vision to provide extended-stay lodging solutions, growing into a network of properties catering to individuals and families needing comfortable, cost-effective accommodations for longer durations. The business model focuses on delivering essential amenities and services designed for guests seeking a home-like environment without the commitment of a traditional lease.
- The franchise operates by offering fully furnished suites, including kitchens and living areas, within its locations. Guests can expect a straightforward booking process and services designed to simplify extended stays, making it a convenient choice for travelers, relocating individuals, and those on project assignments.
- Operating within the dynamic extended-stay hotel sector, Affordable Suites Of America addresses a consistent demand for lodging that blends affordability with the conveniences of apartment living. This market segment is characterized by its resilience and appeal to a broad demographic seeking value and functionality.
Franchise Fee and Costs to Open
Exploring the financial picture of Affordable Suites Of America gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $5,057,700 - $10,168,100, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Training and Resources
Affordable Suites Of America provides comprehensive initial training. This program, lasting approximately two weeks, takes place at their corporate headquarters. Franchisees receive training materials and access to operational resources designed to support their business launch. The franchisor offers ongoing support throughout the franchisee's journey with Affordable Suites Of America.
Legal Considerations
Legal considerations for a Affordable Suites Of America franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating an Affordable Suites of America franchise involves navigating considerations such as intense local market competition from established brands and independent operators. The complexity of daily operations, from managing bookings and guest services to maintaining property standards, requires diligent oversight. Furthermore, maintaining a consistent supply chain for amenities and necessary maintenance items can present challenges in ensuring seamless guest experiences and cost control.
Franchise Datasheet
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