Travelodge

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What to know about Travelodge franchise? The franchisee will operate a Travelodge® guest lodging facility offering overnight accommodations and related services. Travelodge is a popular Franchises for many reasons. First, it offers a guest lodging facility at an affordable price. Second, its locations are convenient for those who are traveling. Lastly, the overnight accommodations are comfortable and clean. Travelodge also offers a variety of services such as breakfast, laundry, and Wi-Fi. These services are included in the nightly rate, making Travelodge an affordable option for Franchises. Travelodge Franchises offer many benefits to their franchisees. Some of these benefits include access to affordable guest lodging, convenient locations, and comfortable overnight accommodations. Travelodge is based in Parsippany, NJ. Scroll down to learn more!How much does a Travelodge franchise cost?Are you wondering how much is a Travelodge franchise? Before starting a Travelodge franchise, it is important to know the franchise fee, working capital and other costs required to start the business.The minimum investment amount required to open a Travelodge franchise is $5,271,307 and can go all the way up to $9,282,506. Keep in mind, you should also allocate additional funds to live off of while the Travelodge business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Travelodge franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Travelodge business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your Travelodge franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.