GrandStay provides residential suites, conference centers, and hotel & suites accommodations with options for extended stays and full kitchens. The franchise serves travelers needing comfortable lodging options.
Key Insights
- GrandStay developed through years of hands-on experience that revealed specific opportunities for improvement within the industry, resulting in innovative solutions that address common challenges while creating new possibilities for growth and customer satisfaction.
- Amenity selection and facility design balance guest preferences with operational efficiency to maximize satisfaction and value, incorporating modern conveniences and comfort features that enhance the stay experience while maintaining cost-effectiveness and sustainability.
- Urbanization patterns increase demand for convenient services that save time and effort for busy consumers, creating opportunities for businesses that can provide efficient, reliable service delivery while maintaining quality standards and customer satisfaction.
Franchise Fee and Costs to Open
Exploring the financial picture of GrandStay 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 $5,038,400 - $24,175,200, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Training and Resources
GrandStay provides comprehensive initial training for new franchisees. This program lasts two weeks and takes place at their corporate headquarters. GrandStay offers ongoing operational support and access to a variety of resources designed to assist franchisees in launching and managing their hotels. They also recommend a network of preferred vendors.
Legal Considerations
Legal considerations for a GrandStay franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating a GrandStay franchise involves navigating local market dynamics, where existing lodging options and new entrants can impact occupancy. Managing day-to-day operations requires attention to staffing, guest services, and property maintenance. Dependence on consistent availability and pricing for essential supplies, from linens to breakfast provisions, is another element requiring ongoing management.
Franchise Datasheet
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