Ramada

Who are we

What to know about Ramada franchise? Ramada is a franchise of overnight accommodations and guest lodging facilities. The company was founded in 1954 by Michael Robinson and Paul Greene in Aberdeen, South Dakota. The franchise offers a range of services including accommodation, meeting and conference facilities, restaurants and bars, wedding venues, and leisure facilities such as swimming pools and gyms. Ramada also provides franchisees with support in the form of marketing, training, and reservations. Some benefits of being a Ramada franchisee include: The ability to offer overnight accommodations and guest lodging facilities to customers, The support of the Ramada brand, which includes marketing, training, and reservations and The opportunity to participate in the franchise's loyalty program. Ramada is based in Parsippany, NJ. Scroll down to learn more!How much does a Ramada franchise cost?Are you wondering how much is a Ramada franchise? Before starting a Ramada 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 Ramada franchise is $6,741,763 and can go all the way up to $16,911,356. Keep in mind, you should also allocate additional funds to live off of while the Ramada 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 Ramada franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Ramada business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your Ramada franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.