Affordable Suites of America
Extended-stay hotels offering temporary weekly and monthly housing with fully furnished rooms, complete kitchens, separate bedrooms, cable television, weekly housekeeping, and on-site laundry facilities.
Your franchise match score
Travel
Brand highlights
- CEOGary DeLapp
- Headquarters10801 Monroe Road, Matthews, NC, 28105
- Year founded2018
- Year started franchising1998
- IndustryTravel
- Locations open20 (+1 last three years)
Statistics & metrics
- Investment range$4,302,000 - $5,595,000
- Franchise fee$30,000
- RoyaltyGreater of $2,500 per month or 5% of your Gross Room Revenues
- Brand fundUp to 2% of your Gross Room Revenues per month. Currently 1% of your Gross Room Revenues.
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Travel industry:
Travel franchises help clients plan and book vacations and business trips. This industry appeals to those who love to travel and want to help others explore the world.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2020-12-14
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Affordable Suites of America, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of Affordable Suites of America's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving Affordable Suites of America, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Affordable Suites of America franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information Affordable Suites of America provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 20 |
| Franchise locations | 10 |
| Corporate locations | 10 |
System growth over time
FAQs
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