Sleep Inn

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What to know about Sleep Inn franchise? The franchise offered in this disclosure document is for the rights to own and/or operate a SLEEP INN or SLEEP INN & SUITES® ("SLEEP INN") hotel business. The SLEEP INN franchise system is based on the concept of providing clean, comfortable, and convenient accommodations at moderate prices. Each SLEEP INN hotel is designed to provide travelers with everything they need for a good night's sleep, including a complimentary hot breakfast buffet, served each morning; free high-speed Internet access in all guest rooms and common areas; a fitness center, and a business center (at most locations) and guest laundry facilities. This franchise system continues to grow, with new SLEEP INN hotels expected to open in the coming years. Currently, there are more than 400 SLEEP INN hotels open and operating in the United States and Canada. As a franchisee, you would be responsible for developing, constructing, and/or acquiring a site for your hotel; obtaining all necessary permits and approvals; and hiring and managing your staff. Choice Hotels International, Inc. ("Choice") would provide you with certain services and assistance. Sleep Inn is based in Rockville, MD. Scroll down to learn more!How much does a Sleep Inn franchise cost?Are you wondering how much is a Sleep Inn franchise? Before starting a Sleep Inn 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 Sleep Inn franchise is $5,923,880 and can go all the way up to $8,294,745. Keep in mind, you should also allocate additional funds to live off of while the Sleep Inn 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 Sleep Inn franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Sleep Inn business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your Sleep Inn franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.